Green Bancorp Inc (GNBC) Receives Average Recommendation of “Hold” from Brokerages

Green Bancorp Inc (NASDAQ:GNBC) has been given an average rating of “Hold” by the six brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $24.67.

Several equities research analysts have weighed in on the stock. SunTrust Banks reissued a “hold” rating and set a $24.00 price target on shares of Green Bancorp in a research report on Tuesday. Keefe, Bruyette & Woods reissued a “hold” rating and set a $24.00 price target on shares of Green Bancorp in a research report on Thursday, October 26th. Piper Jaffray Companies reissued a “buy” rating and set a $26.00 price target on shares of Green Bancorp in a research report on Friday, October 27th. Zacks Investment Research raised shares of Green Bancorp from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Monday, November 20th. Finally, ValuEngine cut shares of Green Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.

Large investors have recently bought and sold shares of the company. Macquarie Group Ltd. purchased a new stake in shares of Green Bancorp in the 3rd quarter worth about $159,000. California Public Employees Retirement System purchased a new stake in shares of Green Bancorp in the 2nd quarter worth about $246,000. Wells Fargo & Company MN lifted its position in shares of Green Bancorp by 2.3% in the 2nd quarter. Wells Fargo & Company MN now owns 15,037 shares of the financial services provider’s stock worth $291,000 after purchasing an additional 341 shares during the period. Sei Investments Co. lifted its position in shares of Green Bancorp by 19.2% in the 3rd quarter. Sei Investments Co. now owns 16,676 shares of the financial services provider’s stock worth $394,000 after purchasing an additional 2,690 shares during the period. Finally, Alliancebernstein L.P. lifted its position in shares of Green Bancorp by 61.2% in the 2nd quarter. Alliancebernstein L.P. now owns 18,700 shares of the financial services provider’s stock worth $363,000 after purchasing an additional 7,100 shares during the period. 63.25% of the stock is owned by hedge funds and other institutional investors.

Shares of Green Bancorp (NASDAQ:GNBC) opened at $21.45 on Wednesday. The firm has a market cap of $801.54, a price-to-earnings ratio of 23.57 and a beta of 2.11. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.57. Green Bancorp has a 12-month low of $13.15 and a 12-month high of $24.40.

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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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