Green Bancorp Inc (NASDAQ:GNBC) major shareholder Ffl Executive Partners Iii Lp sold 1,011,448 shares of Green Bancorp stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $23.03, for a total value of $23,293,647.44. Following the sale, the insider now directly owns 45,860 shares in the company, valued at $1,056,155.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Shares of Green Bancorp Inc (GNBC) opened at $22.35 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.95 and a quick ratio of 0.94. Green Bancorp Inc has a 12-month low of $15.00 and a 12-month high of $24.40. The company has a market capitalization of $820.18, a P/E ratio of 24.29 and a beta of 2.20.
A number of analysts have recently commented on GNBC shares. Piper Jaffray Companies reissued a “buy” rating and issued a $27.00 price target on shares of Green Bancorp in a research report on Monday, January 29th. Zacks Investment Research raised Green Bancorp from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Monday, November 20th. SunTrust Banks reissued a “hold” rating and issued a $23.00 price target on shares of Green Bancorp in a research report on Friday, October 27th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $24.00 price target on shares of Green Bancorp in a research report on Thursday, October 26th. Finally, BidaskClub cut Green Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $24.75.
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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