First Trust Advisors LP Trims Holdings in Green Bancorp Inc (GNBC)
First Trust Advisors LP decreased its position in shares of Green Bancorp Inc (NASDAQ:GNBC) by 26.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 52,769 shares of the financial services provider’s stock after selling 18,800 shares during the quarter. First Trust Advisors LP owned approximately 0.14% of Green Bancorp worth $1,140,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of GNBC. BlackRock Inc. lifted its holdings in Green Bancorp by 123.2% during the 1st quarter. BlackRock Inc. now owns 3,026,623 shares of the financial services provider’s stock worth $67,344,000 after buying an additional 1,670,387 shares in the last quarter. Barclays PLC lifted its holdings in Green Bancorp by 15,037.6% during the 1st quarter. Barclays PLC now owns 633,964 shares of the financial services provider’s stock worth $14,107,000 after buying an additional 629,776 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Green Bancorp by 26.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,174,661 shares of the financial services provider’s stock worth $26,136,000 after buying an additional 246,856 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Green Bancorp by 1,216.4% during the 1st quarter. Principal Financial Group Inc. now owns 205,371 shares of the financial services provider’s stock worth $4,570,000 after buying an additional 189,770 shares in the last quarter. Finally, Prudential Financial Inc. acquired a new position in Green Bancorp during the 1st quarter worth $2,194,000. 66.85% of the stock is currently owned by hedge funds and other institutional investors.
GNBC has been the topic of a number of analyst reports. Sandler O’Neill reissued a “buy” rating and issued a $29.00 price target on shares of Green Bancorp in a research note on Thursday, July 26th. ValuEngine raised Green Bancorp from a “hold” rating to a “buy” rating in a research note on Tuesday, July 24th. BidaskClub downgraded Green Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, June 23rd. Zacks Investment Research raised Green Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, September 6th. Finally, Hovde Group downgraded Green Bancorp from an “outperform” rating to a “market perform” rating in a research note on Monday, July 30th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $25.60.
Green Bancorp (NASDAQ:GNBC) last issued its quarterly earnings data on Tuesday, July 24th. The financial services provider reported $0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.01. The business had revenue of $45.25 million for the quarter, compared to the consensus estimate of $45.15 million. Green Bancorp had a return on equity of 10.86% and a net margin of 19.41%. analysts expect that Green Bancorp Inc will post 1.66 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 23rd. Investors of record on Thursday, August 9th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend was Wednesday, August 8th. Green Bancorp’s payout ratio is presently 33.06%.
Green Bancorp Profile
Green Bancorp, Inc operates as the bank holding company for Green Bank, N.A. that provides commercial and private banking services primarily in Texas. It offers deposit accounts, such as demand, savings, money market, and time accounts. The company also provides loans, including commercial and industrial loans, including commercial lines of credit, working capital loans, commercial real estate-backed loans, mortgage-warehouse lines, term loans, equipment financing, borrowing base loans, real estate construction loans, homebuilder loans, government guaranteed loans, purchased receivables financing, letters of credit, and other loan products, as well as acquisition, expansion, and development loans to national and regional companies, real estate developers, mortgage lenders, manufacturing and industrial companies, and other businesses.
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