Green Bancorp, Inc. (GNBC) Stock Price Down 6.6%
Green Bancorp, Inc. (NASDAQ:GNBC) shares traded down 6.6% during trading on Tuesday . The company traded as low as $20.10 and last traded at $20.40, with a volume of 543,066 shares trading hands. The stock had previously closed at $21.85.
A number of research analysts recently commented on the stock. BidaskClub lowered shares of Green Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Zacks Investment Research upgraded shares of Green Bancorp from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Tuesday, May 9th.
The firm has a market cap of $762.92 million, a PE ratio of 56.44 and a beta of 2.13. The stock has a 50-day moving average of $21.46 and a 200-day moving average of $18.82.
Several hedge funds and other institutional investors have recently modified their holdings of the company. TFS Capital LLC purchased a new position in shares of Green Bancorp during the first quarter worth about $191,000. Citadel Advisors LLC purchased a new position in shares of Green Bancorp during the first quarter worth about $193,000. Alliancebernstein L.P. purchased a new position in shares of Green Bancorp during the first quarter worth about $206,000. California Public Employees Retirement System purchased a new position in shares of Green Bancorp during the second quarter worth about $246,000. Finally, American International Group Inc. increased its position in shares of Green Bancorp by 7.1% in the first quarter. American International Group Inc. now owns 12,741 shares of the financial services provider’s stock worth $227,000 after buying an additional 849 shares during the period. Hedge funds and other institutional investors own 60.71% of the company’s stock.
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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