Green Bancorp Inc. (GNBC) Trading 6.5% Higher
Shares of Green Bancorp Inc. (NASDAQ:GNBC) traded up 6.5% on Friday . The stock traded as high as $9.03 and last traded at $9.00, with a volume of 82,760 shares trading hands. The stock had previously closed at $8.45.
Several equities analysts have recently issued reports on GNBC shares. Zacks Investment Research raised Green Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, June 29th. Jefferies Group reissued a “hold” rating and set a $9.50 target price on shares of Green Bancorp in a research note on Thursday. JPMorgan Chase & Co. reissued a “hold” rating on shares of Green Bancorp in a research note on Wednesday, April 6th. SunTrust Banks Inc. cut Green Bancorp from a “buy” rating to a “neutral” rating and reduced their target price for the company from $10.00 to $9.00 in a research note on Friday, April 29th. Finally, Hovde Group raised Green Bancorp from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $8.25 to $9.75 in a research note on Wednesday, June 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. Green Bancorp has an average rating of “Hold” and a consensus target price of $10.21.
The firm has a 50 day moving average of $8.56 and a 200 day moving average of $8.13. The stock has a market cap of $329.49 million and a P/E ratio of 22.78.
Green Bancorp (NASDAQ:GNBC) last issued its earnings results on Thursday, April 28th. The financial services provider reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.16. Equities analysts predict that Green Bancorp Inc. will post $0.38 EPS for the current year.
In other news, President Geoffrey D. Greenwade bought 38,000 shares of the firm’s stock in a transaction on Monday, June 13th. The stock was acquired at an average cost of $8.86 per share, with a total value of $336,680.00. Following the transaction, the president now directly owns 87,606 shares in the company, valued at approximately $776,189.16. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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).
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.