Brokerages Set Green Bancorp Inc (GNBC) Target Price at $24.75

Green Bancorp Inc (NASDAQ:GNBC) has received a consensus rating of “Buy” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $24.75.

Several research analysts have weighed in on the stock. ValuEngine upgraded shares of Green Bancorp from a “hold” rating to a “buy” rating in a research note on Monday, February 5th. Piper Jaffray Companies reissued a “buy” rating and issued a $27.00 target price on shares of Green Bancorp in a research report on Monday, January 29th. BidaskClub raised shares of Green Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Zacks Investment Research raised shares of Green Bancorp from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Wednesday, January 10th. Finally, SunTrust Banks reissued a “hold” rating and issued a $24.00 target price on shares of Green Bancorp in a research report on Tuesday, January 9th.

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Green Bancorp (GNBC) traded down $0.35 during trading on Thursday, reaching $22.90. 152,856 shares of the company’s stock traded hands, compared to its average volume of 421,927. The firm has a market cap of $861.11, a price-to-earnings ratio of 24.89 and a beta of 2.20. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.57. Green Bancorp has a 1 year low of $15.00 and a 1 year high of $24.40.

Green Bancorp (NASDAQ:GNBC) last released its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.01. The firm had revenue of $40.75 million for the quarter, compared to analyst estimates of $43.40 million. Green Bancorp had a net margin of 17.90% and a return on equity of 9.92%. research analysts expect that Green Bancorp will post 1.73 EPS for the current fiscal year.

In related news, Director Associates L.L.C Istm sold 1,000,000 shares of the company’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $23.25, for a total transaction of $23,250,000.00. Following the completion of the sale, the director now directly owns 45,860 shares of the company’s stock, valued at approximately $1,066,245. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Ffl Executive Partners Iii Lp sold 1,011,448 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $23.03, for a total transaction of $23,293,647.44. Following the sale, the insider now directly owns 45,860 shares of the company’s stock, valued at $1,056,155.80. The disclosure for this sale can be found here. Insiders own 16.23% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. MetLife Investment Advisors LLC bought a new stake in shares of Green Bancorp during the 4th quarter worth $229,000. Millennium Management LLC boosted its holdings in shares of Green Bancorp by 116.5% during the 4th quarter. Millennium Management LLC now owns 460,447 shares of the financial services provider’s stock worth $9,347,000 after buying an additional 247,731 shares during the period. Ellington Management Group LLC bought a new stake in shares of Green Bancorp during the 4th quarter worth $221,000. Stone Ridge Asset Management LLC bought a new stake in shares of Green Bancorp during the 4th quarter worth $226,000. Finally, AXA bought a new stake in shares of Green Bancorp during the 4th quarter worth $205,000. 63.11% of the stock is owned by institutional investors and hedge funds.

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Green Bancorp Company Profile

Green Bancorp, Inc is a bank holding company. As of December 31, 2016, the Company’s subsidiary, Green Bank, N.A., a nationally chartered commercial bank, provided commercial and private banking services primarily to Texas based customers through 22 full service branches in the Houston and Dallas metropolitan statistical areas (MSAs) and other markets.

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