Green Bancorp Inc. (GNBC) Trading Up 6.5%
Green Bancorp Inc. (NASDAQ:GNBC) shares were up 6.5% during trading on Friday . The company traded as high as $9.03 and last traded at $9.00, with a volume of 82,760 shares changing hands. The stock had previously closed at $8.45.
A number of research analysts have recently commented on GNBC shares. Zacks Investment Research downgraded Green Bancorp from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 31st. JPMorgan Chase & Co. restated a “hold” rating on shares of Green Bancorp in a research report on Wednesday, April 6th. SunTrust Banks Inc. downgraded Green Bancorp from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $10.00 to $9.00 in a research report on Friday, April 29th. Hovde Group upgraded Green Bancorp from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $8.25 to $9.75 in a research report on Wednesday, June 8th. Finally, Jefferies Group restated a “hold” rating and issued a $9.50 price target on shares of Green Bancorp in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $10.21.
The firm has a 50 day moving average price of $8.56 and a 200-day moving average price of $8.13. The firm has a market cap of $329.49 million and a price-to-earnings ratio of 22.78.
Green Bancorp (NASDAQ:GNBC) last posted its quarterly earnings data on Thursday, April 28th. The financial services provider reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.16. Equities research analysts expect that Green Bancorp Inc. will post $0.43 EPS for the current year.
In other Green Bancorp news, President Geoffrey D. Greenwade acquired 38,000 shares of the business’s stock in a transaction dated Monday, June 13th. The stock was acquired at an average cost of $8.86 per share, for a total transaction of $336,680.00. Following the completion of the transaction, the president now directly owns 87,606 shares of the company’s stock, valued at $776,189.16. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.
Green Bancorp, Inc (the Bank) is a bank holding company. The Bank’s wholly owned subsidiary Green Bank, N.A. is a nationally chartered commercial bank. Green Bank provides commercial and private banking services primarily to Texas based customers through 16 full service branches in the Houston, Dallas, Austin and Louisville metropolitan statistical areas (MSAs).
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