104,536 Shares in Green Dot Corporation $GDOT Bought by Jacobs Asset Management LLC

Jacobs Asset Management LLC acquired a new position in shares of Green Dot Corporation (NYSE:GDOT) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 104,536 shares of the financial services provider’s stock, valued at approximately $1,339,000. Green Dot comprises 0.7% of Jacobs Asset Management LLC’s investment portfolio, making the stock its 28th biggest position.

A number of other hedge funds have also recently made changes to their positions in GDOT. Tower Research Capital LLC TRC lifted its stake in shares of Green Dot by 23.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,504 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 1,221 shares during the last quarter. Caxton Associates LLP purchased a new stake in shares of Green Dot during the 1st quarter worth $96,000. OLD National Bancorp IN purchased a new stake in shares of Green Dot during the 4th quarter worth $128,000. DRW Securities LLC purchased a new stake in shares of Green Dot during the 4th quarter worth $154,000. Finally, Zacks Investment Management purchased a new stake in Green Dot in the third quarter valued at about $188,000. 92.56% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Green Dot Trading Up 1.1%

Shares of NYSE:GDOT opened at $13.13 on Friday. Green Dot Corporation has a 52-week low of $9.31 and a 52-week high of $15.41. The stock has a market cap of $743.93 million, a price-to-earnings ratio of -9.94 and a beta of 0.86. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.07. The business has a 50-day moving average price of $12.39 and a 200-day moving average price of $12.24.

Green Dot (NYSE:GDOT) last announced its quarterly earnings data on Monday, May 11th. The financial services provider reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.24. Green Dot had a positive return on equity of 7.56% and a negative net margin of 3.25%.The firm had revenue of $652.03 million during the quarter, compared to analysts’ expectations of $597.39 million. Equities analysts predict that Green Dot Corporation will post 1.33 EPS 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.