Green Bancorp, Inc. (GNBC) Rating Reiterated by Piper Jaffray Companies

Piper Jaffray Companies reissued their buy rating on shares of Green Bancorp, Inc. (NASDAQ:GNBC) in a research report sent to investors on Friday. They currently have a $26.00 price target on the financial services provider’s stock.

Several other research firms have also recently weighed in on GNBC. Zacks Investment Research cut Green Bancorp from a hold rating to a sell rating in a research report on Wednesday, October 11th. Keefe, Bruyette & Woods reiterated a hold rating and set a $23.00 price objective on shares of Green Bancorp in a research report on Wednesday, October 4th. Finally, BidaskClub upgraded Green Bancorp from a hold rating to a buy rating in a research report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. Green Bancorp has an average rating of Hold and an average target price of $24.75.

Shares of Green Bancorp (NASDAQ GNBC) traded down 0.113% on Friday, hitting $22.125. The company had a trading volume of 11,239 shares. Green Bancorp has a 52 week low of $9.30 and a 52 week high of $24.40. The stock has a market capitalization of $819.40 million, a PE ratio of 60.616 and a beta of 2.20. The firm’s 50 day moving average price is $22.69 and its 200-day moving average price is $20.62.

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Several hedge funds and other institutional investors have recently modified their holdings of GNBC. Bank of New York Mellon Corp increased its position in shares of Green Bancorp by 32.3% in the first quarter. Bank of New York Mellon Corp now owns 92,323 shares of the financial services provider’s stock worth $1,644,000 after purchasing an additional 22,515 shares during the period. JPMorgan Chase & Co. increased its position in shares of Green Bancorp by 790.3% in the first quarter. JPMorgan Chase & Co. now owns 277,616 shares of the financial services provider’s stock worth $4,942,000 after purchasing an additional 246,435 shares during the period. American International Group Inc. increased its position in shares of Green Bancorp by 7.1% in the first quarter. American International Group Inc. now owns 12,741 shares of the financial services provider’s stock worth $227,000 after purchasing an additional 849 shares during the period. Alliancebernstein L.P. bought a new position in shares of Green Bancorp in the first quarter worth $206,000. Finally, Wellington Management Group LLP bought a new position in shares of Green Bancorp in the first quarter worth $2,240,000. Institutional investors own 60.58% of the company’s stock.

Green Bancorp Company Profile

Green Bancorp, Inc is a bank holding company. As of December 31, 2016, the Company’s subsidiary, Green Bank, N.A., a nationally chartered commercial bank, provided commercial and private banking services primarily to Texas based customers through 22 full service branches in the Houston and Dallas metropolitan statistical areas (MSAs) and other markets.

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