Insider Selling: Green Bancorp Inc (GNBC) Director Sells 1,000,000 Shares of Stock
Green Bancorp Inc (NASDAQ:GNBC) Director Associates L.L.C Istm sold 1,000,000 shares of Green Bancorp stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $23.25, for a total transaction of $23,250,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Green Bancorp Inc (GNBC) traded down $0.03 on Monday, reaching $22.37. 642,078 shares of the company’s stock traded hands, compared to its average volume of 466,528. Green Bancorp Inc has a 1-year low of $15.00 and a 1-year high of $24.40. The firm has a market capitalization of $852.80, a P/E ratio of 24.32 and a beta of 2.20. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.57.
Institutional investors and hedge funds have recently made changes to their positions in the business. Swiss National Bank acquired a new position in Green Bancorp during the second quarter valued at approximately $720,000. Northern Trust Corp raised its position in Green Bancorp by 12.4% during the second quarter. Northern Trust Corp now owns 233,980 shares of the financial services provider’s stock valued at $4,539,000 after purchasing an additional 25,884 shares in the last quarter. Phocas Financial Corp. raised its position in Green Bancorp by 4.6% during the second quarter. Phocas Financial Corp. now owns 604,901 shares of the financial services provider’s stock valued at $11,735,000 after purchasing an additional 26,829 shares in the last quarter. Vanguard Group Inc. raised its position in Green Bancorp by 8.2% during the second quarter. Vanguard Group Inc. now owns 911,761 shares of the financial services provider’s stock valued at $17,688,000 after purchasing an additional 68,783 shares in the last quarter. Finally, Susquehanna International Group LLP raised its position in Green Bancorp by 31.6% during the third quarter. Susquehanna International Group LLP now owns 66,465 shares of the financial services provider’s stock valued at $1,572,000 after purchasing an additional 15,955 shares in the last quarter. Institutional investors and hedge funds own 62.95% 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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