First Manhattan Co. reduced its position in Green Bancorp Inc (NASDAQ:GNBC) by 12.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 223,500 shares of the financial services provider’s stock after selling 32,600 shares during the quarter. First Manhattan Co. owned approximately 0.60% of Green Bancorp worth $4,939,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in GNBC. BlackRock Inc. increased its position in Green Bancorp by 123.2% in the first 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 during the last quarter. Dimensional Fund Advisors LP increased its position in Green Bancorp by 26.6% in the first 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 during the last quarter. Principal Financial Group Inc. increased its position in Green Bancorp by 1,216.4% in the first 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 during the last quarter. Tieton Capital Management LLC increased its position in Green Bancorp by 108.6% in the second quarter. Tieton Capital Management LLC now owns 161,070 shares of the financial services provider’s stock worth $3,479,000 after buying an additional 83,840 shares during the last quarter. Finally, Foundry Partners LLC increased its position in Green Bancorp by 77.7% in the second quarter. Foundry Partners LLC now owns 159,725 shares of the financial services provider’s stock worth $3,450,000 after buying an additional 69,850 shares during the last quarter. 66.85% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have recently weighed in on the company. ValuEngine upgraded Green Bancorp from a “hold” rating to a “buy” rating in a research report on Tuesday, July 24th. Sandler O’Neill reiterated a “buy” rating and issued a $29.00 price target on shares of Green Bancorp in a research report on Thursday, July 26th. Zacks Investment Research cut Green Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, August 1st. Hovde Group cut Green Bancorp from an “outperform” rating to a “market perform” rating in a research report on Monday, July 30th. Finally, Keefe, Bruyette & Woods upgraded Green Bancorp from a “market perform” rating to an “outperform” rating in a research report on Friday, July 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $25.60.

Shares of NASDAQ GNBC opened at $20.83 on Friday. The firm has a market capitalization of $804.58 million, a PE ratio of 15.72 and a beta of 2.11. Green Bancorp Inc has a fifty-two week low of $19.55 and a fifty-two week high of $25.15. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.00 and a quick ratio of 1.00.

Green Bancorp (NASDAQ:GNBC) last announced its quarterly earnings results on Tuesday, July 24th. The financial services provider reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.01. The company had revenue of $45.25 million during the quarter, compared to analysts’ expectations of $45.15 million. Green Bancorp had a return on equity of 10.86% and a net margin of 19.41%. As a group, equities research analysts predict that Green Bancorp Inc will post 1.66 earnings per share for the current year.

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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Institutional Ownership by Quarter for Green Bancorp (NASDAQ:GNBC)

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