Green Bancorp Inc (GNBC) Shares Bought by Northern Trust Corp
Northern Trust Corp grew its position in Green Bancorp Inc (NASDAQ:GNBC) by 3.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 270,578 shares of the financial services provider’s stock after acquiring an additional 9,918 shares during the period. Northern Trust Corp owned 0.73% of Green Bancorp worth $5,845,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of GNBC. UBS Group AG raised its stake in shares of Green Bancorp by 218.8% in the first 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 in the 2nd quarter worth approximately $132,000. Cubist Systematic Strategies LLC bought a new position in Green Bancorp in the 2nd quarter worth approximately $167,000. OMERS ADMINISTRATION Corp bought a new position in Green Bancorp in the 2nd quarter worth approximately $333,000. Finally, Alpine Woods Capital Investors LLC raised its position in Green Bancorp by 21.5% in 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.
GNBC has been the subject of several research analyst reports. BidaskClub cut shares of Green Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, September 27th. Zacks Investment Research upgraded shares of Green Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, October 1st. ValuEngine cut shares of Green Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, October 19th. Finally, Keefe, Bruyette & Woods upgraded shares of Green Bancorp from a “market perform” rating to an “outperform” rating in a research report on Friday, July 27th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $26.00.
Green Bancorp (NASDAQ:GNBC) last issued its earnings results on Tuesday, October 23rd. The financial services provider reported $0.49 EPS for the quarter, beating the consensus estimate of $0.47 by $0.02. The company had revenue of $44.99 million during the quarter, compared to analysts’ expectations of $47.10 million. Green Bancorp had a net margin of 20.51% and a return on equity of 12.15%. As a group, sell-side analysts forecast that Green Bancorp Inc will post 1.66 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 21st. Shareholders of record on Wednesday, November 7th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.11%. The ex-dividend date is Tuesday, November 6th. Green Bancorp’s payout ratio is 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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