Green Dot Co. (NYSE:GDOT) CFO Mark L. Shifke sold 10,000 shares of the stock in a transaction on Monday, September 10th. The shares were sold at an average price of $86.36, for a total value of $863,600.00. Following the sale, the chief financial officer now directly owns 652,020 shares in the company, valued at approximately $56,308,447.20. The sale was disclosed in a document filed with the SEC, which is available at this link.

Shares of GDOT opened at $86.24 on Friday. Green Dot Co. has a 12 month low of $46.45 and a 12 month high of $87.17. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.06. The firm has a market cap of $4.49 billion, a PE ratio of 40.32 and a beta of 0.75.

Green Dot (NYSE:GDOT) last issued its earnings results on Wednesday, August 8th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.11. The company had revenue of $258.30 million during the quarter, compared to analyst estimates of $250.18 million. Green Dot had a return on equity of 14.26% and a net margin of 12.73%. The firm’s quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter last year, the business posted $0.55 EPS. analysts forecast that Green Dot Co. will post 2.4 earnings per share for the current year.

Several analysts have recently commented on GDOT shares. BTIG Research lowered Green Dot from a “buy” rating to a “neutral” rating in a report on Monday, June 18th. They noted that the move was a valuation call. Loop Capital increased their price objective on Green Dot to $100.00 and gave the company a “buy” rating in a report on Thursday, August 9th. Craig Hallum reiterated a “buy” rating and set a $95.00 price objective on shares of Green Dot in a report on Tuesday, July 17th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $88.00 price objective on shares of Green Dot in a report on Thursday, August 9th. Finally, Guggenheim reiterated a “buy” rating and set a $88.00 price objective on shares of Green Dot in a report on Thursday, August 9th. Seven analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $79.00.

A number of hedge funds have recently modified their holdings of GDOT. Rhumbline Advisers raised its stake in Green Dot by 2.9% in the 1st quarter. Rhumbline Advisers now owns 107,340 shares of the financial services provider’s stock worth $6,887,000 after acquiring an additional 3,000 shares during the last quarter. Alps Advisors Inc. purchased a new position in Green Dot in the 1st quarter worth $456,000. Comerica Bank raised its stake in Green Dot by 1.8% in the 1st quarter. Comerica Bank now owns 62,695 shares of the financial services provider’s stock worth $3,917,000 after acquiring an additional 1,101 shares during the last quarter. Mackay Shields LLC purchased a new position in Green Dot in the 1st quarter worth $4,129,000. Finally, Prudential Financial Inc. raised its stake in Green Dot by 18.4% in the 1st quarter. Prudential Financial Inc. now owns 432,292 shares of the financial services provider’s stock worth $27,736,000 after acquiring an additional 67,038 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.

About Green Dot

Green Dot Corporation, together with its subsidiaries, operates as a pro-consumer bank holding company that provides personal banking for the masses. It operates through two segments, Account Services and Processing, and Settlement Services. The company offers deposit as account programs, such reloadable prepaid debit cards under the consumer brand names of GPR cards, consumer checking accounts, small business checking accounts, network-branded gift cards, secured credit cards, and other financial services.

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