Brokerages expect Green Bancorp Inc (NASDAQ:GNBC) to announce $0.51 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Green Bancorp’s earnings, with the highest EPS estimate coming in at $0.52 and the lowest estimate coming in at $0.50. Green Bancorp posted earnings of $0.35 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 45.7%. The business is scheduled to issue its next earnings results on Thursday, January 24th.

According to Zacks, analysts expect that Green Bancorp will report full-year earnings of $1.66 per share for the current fiscal year, with EPS estimates ranging from $1.63 to $1.69. For the next fiscal year, analysts forecast that the company will report earnings of $2.02 per share, with EPS estimates ranging from $1.99 to $2.05. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Green Bancorp.

Green Bancorp (NASDAQ:GNBC) last issued its quarterly earnings results on Tuesday, October 23rd. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.02. The business had revenue of $44.99 million for the quarter, compared to the consensus estimate of $47.10 million. Green Bancorp had a return on equity of 12.15% and a net margin of 20.51%.

A number of equities research analysts recently issued reports on the company. ValuEngine raised Green Bancorp from a “hold” rating to a “buy” rating in a research report on Tuesday, July 24th. Sandler O’Neill reaffirmed a “buy” rating and issued a $29.00 target price on shares of Green Bancorp in a report on Thursday, July 26th. Zacks Investment Research downgraded Green Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, August 1st. Hovde Group downgraded Green Bancorp from an “outperform” rating to a “market perform” rating in a report on Monday, July 30th. Finally, Keefe, Bruyette & Woods raised Green Bancorp from a “market perform” rating to an “outperform” rating in a report on Friday, July 27th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $26.00.

NASDAQ:GNBC traded up $0.10 during trading hours on Monday, reaching $19.03. 99,682 shares of the company were exchanged, compared to its average volume of 259,610. The company has a market capitalization of $707.42 million, a P/E ratio of 15.73 and a beta of 2.12. Green Bancorp has a 1-year low of $16.80 and a 1-year high of $25.15. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.02 and a quick ratio of 1.02.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 21st. Stockholders of record on Wednesday, November 7th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend is Tuesday, November 6th. Green Bancorp’s payout ratio is 33.06%.

Institutional investors and hedge funds have recently made changes to their positions in the company. UBS Group AG lifted its stake in shares of Green Bancorp by 218.8% in the 1st quarter. UBS Group AG now owns 4,823 shares of the financial services provider’s stock valued at $107,000 after acquiring an additional 3,310 shares during the last quarter. Piedmont Investment Advisors LLC bought a new position in Green Bancorp during the 2nd quarter worth $132,000. Cubist Systematic Strategies LLC bought a new position in Green Bancorp during the 2nd quarter worth $167,000. OMERS ADMINISTRATION Corp bought a new position in Green Bancorp during the 2nd quarter worth $333,000. Finally, Alpine Woods Capital Investors LLC raised its position in Green Bancorp by 21.5% during the 2nd quarter. Alpine Woods Capital Investors LLC now owns 15,800 shares of the financial services provider’s stock worth $341,000 after purchasing an additional 2,800 shares during the last quarter. Institutional investors own 67.36% of the company’s stock.

Green Bancorp Company 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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Earnings History and Estimates for Green Bancorp (NASDAQ:GNBC)

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