Green Bancorp (GNBC) Downgraded to Hold at ValuEngine
ValuEngine downgraded shares of Green Bancorp (NASDAQ:GNBC) from a buy rating to a hold rating in a research report report published on Friday.
Several other brokerages also recently commented on GNBC. Zacks Investment Research downgraded Green Bancorp from a hold rating to a sell rating in a report on Wednesday, October 11th. Keefe, Bruyette & Woods reaffirmed a hold rating and set a $23.00 target price on shares of Green Bancorp in a report on Wednesday, October 4th. SunTrust Banks reaffirmed a hold rating and set a $23.00 target price on shares of Green Bancorp in a report on Friday, October 27th. Piper Jaffray Companies reaffirmed a buy rating and set a $26.00 target price on shares of Green Bancorp in a report on Friday, October 27th. Finally, BidaskClub raised Green Bancorp from a hold rating to a buy rating in a report on Thursday, August 3rd. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $24.25.
Shares of Green Bancorp (NASDAQ GNBC) remained flat at $$22.40 during midday trading on Friday. 100,764 shares of the company’s stock traded hands, compared to its average volume of 155,125. Green Bancorp has a 52 week low of $12.55 and a 52 week high of $24.40. The firm has a market capitalization of $835.09, a PE ratio of 24.09 and a beta of 2.15. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.95 and a quick ratio of 0.94.
Institutional investors have recently made changes to their positions in the stock. Macquarie Group Ltd. purchased a new stake in Green Bancorp in the 3rd quarter worth about $159,000. Alliancebernstein L.P. purchased a new stake in Green Bancorp in the 1st quarter worth about $206,000. California Public Employees Retirement System purchased a new stake in Green Bancorp in the 2nd quarter worth about $246,000. Sei Investments Co. lifted its stake in Green Bancorp by 974.2% in the 2nd quarter. Sei Investments Co. now owns 13,986 shares of the financial services provider’s stock worth $271,000 after acquiring an additional 12,684 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in 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 acquiring an additional 341 shares in the last quarter. 63.32% of the stock is owned by hedge funds and other institutional investors.
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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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