Green Bancorp’s (NASDAQ:GNBC) Hold Rating Reiterated at SunTrust Banks

Green Bancorp (NASDAQ:GNBC)‘s stock had its “hold” rating reissued by research analysts at SunTrust Banks in a research report issued on Tuesday, January 9th. They currently have a $24.00 target price on the financial services provider’s stock. SunTrust Banks’ target price points to a potential upside of 7.62% from the company’s previous close. SunTrust Banks also issued estimates for Green Bancorp’s Q1 2018 earnings at $0.41 EPS, Q2 2018 earnings at $0.43 EPS, Q3 2018 earnings at $0.45 EPS, Q4 2018 earnings at $0.44 EPS, FY2018 earnings at $1.74 EPS and FY2019 earnings at $1.87 EPS.

Several other research analysts have also commented on GNBC. Keefe, Bruyette & Woods reissued a “hold” rating and set a $23.00 price objective on shares of Green Bancorp in a report on Wednesday, October 4th. Zacks Investment Research lowered Green Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 2nd. ValuEngine lowered Green Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. BidaskClub lowered Green Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $26.00 target price on shares of Green Bancorp in a research note on Friday, October 27th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $24.50.

Shares of Green Bancorp (NASDAQ:GNBC) traded down $1.10 on Tuesday, hitting $22.30. The stock had a trading volume of 229,000 shares, compared to its average volume of 172,760. Green Bancorp has a 12-month low of $13.15 and a 12-month high of $24.40. The company has a market capitalization of $844.41, a PE ratio of 24.51 and a beta of 2.11. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.94 and a current ratio of 0.95.

Green Bancorp (NASDAQ:GNBC) last announced its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.01). Green Bancorp had a net margin of 18.70% and a return on equity of 7.70%. equities analysts expect that Green Bancorp will post 1.19 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in GNBC. Macquarie Group Ltd. bought a new position in shares of Green Bancorp during the third quarter valued at approximately $159,000. California Public Employees Retirement System bought a new position in Green Bancorp in the second quarter worth $246,000. Wells Fargo & Company MN raised its holdings in Green Bancorp by 2.3% in the second quarter. Wells Fargo & Company MN now owns 15,037 shares of the financial services provider’s stock worth $291,000 after purchasing an additional 341 shares in the last quarter. Alliancebernstein L.P. raised its holdings in Green Bancorp by 61.2% in the second quarter. Alliancebernstein L.P. now owns 18,700 shares of the financial services provider’s stock worth $363,000 after purchasing an additional 7,100 shares in the last quarter. Finally, Mesirow Financial Investment Management Inc. bought a new position in Green Bancorp in the second quarter worth $368,000. Institutional investors own 63.25% of the company’s stock.

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About Green Bancorp

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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