Green Bancorp, Inc. (NASDAQ:GNBC) – Stock analysts at SunTrust Banks issued their FY2019 earnings per share (EPS) estimates for Green Bancorp in a research note issued to investors on Thursday. SunTrust Banks analyst M. Young anticipates that the financial services provider will post earnings per share of $1.56 for the year. SunTrust Banks has a “Hold” rating and a $23.00 price target on the stock.
Several other research analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Green Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. BidaskClub downgraded shares of Green Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $23.00 target price on shares of Green Bancorp in a report on Wednesday, October 4th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $26.00 target price on shares of Green Bancorp in a report on Friday, October 27th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Green Bancorp has an average rating of “Buy” and a consensus target price of $24.75.
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Hedge funds have recently modified their holdings of the stock. Swiss National Bank acquired a new position in Green Bancorp during the second quarter worth approximately $720,000. Hancock Holding Co. purchased a new stake in Green Bancorp during the second quarter worth approximately $8,848,000. Eagle Boston Investment Management Inc. grew its stake in Green Bancorp by 23.0% during the second quarter. Eagle Boston Investment Management Inc. now owns 125,971 shares of the financial services provider’s stock worth $2,443,000 after buying an additional 23,531 shares during the period. American Century Companies Inc. grew its stake in Green Bancorp by 238.1% during the second quarter. American Century Companies Inc. now owns 178,309 shares of the financial services provider’s stock worth $3,459,000 after buying an additional 125,565 shares during the period. Finally, Wellington Management Group LLP purchased a new stake in Green Bancorp during the first quarter worth approximately $2,240,000. 60.58% of the stock is owned by hedge funds and other institutional investors.
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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