Credit Industriel ET Commercial Grows Stock Position in Green Dot Corporation $GDOT

Credit Industriel ET Commercial increased its position in shares of Green Dot Corporation (NYSE:GDOT) by 245.0% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 345,000 shares of the financial services provider’s stock after purchasing an additional 245,000 shares during the quarter. Credit Industriel ET Commercial’s holdings in Green Dot were worth $3,871,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Summit Securities Group LLC purchased a new stake in shares of Green Dot during the fourth quarter worth $66,000. Tower Research Capital LLC TRC lifted its stake in shares of Green Dot by 23.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,504 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 1,221 shares during the last quarter. Caxton Associates LLP purchased a new position in shares of Green Dot during the 1st quarter worth $96,000. OLD National Bancorp IN purchased a new position in shares of Green Dot during the 4th quarter worth $128,000. Finally, DRW Securities LLC acquired a new stake in shares of Green Dot during the 4th quarter worth about $154,000. Hedge funds and other institutional investors own 92.56% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Green Dot in a report on Tuesday, April 21st. Zacks Research raised shares of Green Dot from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 29th. Craig Hallum reiterated a “buy” rating and set a $18.00 price target on shares of Green Dot in a research report on Tuesday, March 17th. Finally, Wall Street Zen raised shares of Green Dot from a “sell” rating to a “hold” rating in a research note on Sunday, March 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $14.75.

Green Dot Trading Up 0.6%

Shares of NYSE GDOT opened at $13.34 on Tuesday. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $755.88 million, a PE ratio of -10.12 and a beta of 0.83. Green Dot Corporation has a twelve month low of $9.31 and a twelve month high of $15.41. The stock has a fifty day simple moving average of $12.84 and a 200-day simple moving average of $12.28.

Green Dot (NYSE:GDOT) last announced its earnings results on Monday, May 11th. The financial services provider reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.24. The company had revenue of $652.03 million during the quarter, compared to analysts’ expectations of $597.39 million. Green Dot had a positive return on equity of 7.56% and a negative net margin of 3.25%. On average, equities analysts forecast that Green Dot Corporation will post 1.33 earnings per share for the current year.

About Green Dot

Green Dot Corporation (NYSE: GDOT) is a financial technology and bank holding company that provides prepaid debit cards, cash reload processing services and consumer banking products through its subsidiary, Green Dot Bank. The firm offers reloadable prepaid cards under its own brand and through partnerships with retailers, payments networks and banks. In addition to consumer-focused prepaid card accounts, Green Dot delivers payroll card services, government disbursement programs and B2B payment solutions that enable businesses to distribute funds digitally to end users.

Founded in 1999 by Steve Streit and headquartered in Austin, Texas, Green Dot began as a prepaid MasterCard provider sold through retail outlets.