New York State Teachers Retirement System Has $257,000 Position in Green Bancorp (GNBC)

New York State Teachers Retirement System increased its position in Green Bancorp (NASDAQ:GNBC) by 541.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,542 shares of the financial services provider’s stock after purchasing an additional 9,742 shares during the period. New York State Teachers Retirement System’s holdings in Green Bancorp were worth $257,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in GNBC. Wells Fargo & Company MN raised its position in Green Bancorp by 89.6% in the 3rd quarter. Wells Fargo & Company MN now owns 28,515 shares of the financial services provider’s stock worth $675,000 after buying an additional 13,478 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in Green Bancorp by 115.8% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 84,375 shares of the financial services provider’s stock worth $1,996,000 after buying an additional 45,275 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Green Bancorp by 43.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 716,623 shares of the financial services provider’s stock worth $16,948,000 after buying an additional 215,665 shares during the last quarter. California Public Employees Retirement System raised its position in Green Bancorp by 92.3% in the 3rd quarter. California Public Employees Retirement System now owns 24,427 shares of the financial services provider’s stock worth $578,000 after buying an additional 11,727 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in Green Bancorp by 5.6% in the 4th quarter. Victory Capital Management Inc. now owns 61,156 shares of the financial services provider’s stock worth $1,241,000 after buying an additional 3,226 shares during the last quarter. Institutional investors own 62.65% of the company’s stock.

A number of equities analysts have weighed in on GNBC shares. ValuEngine raised Green Bancorp from a “hold” rating to a “buy” rating in a research report on Monday, February 5th. Piper Jaffray 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 “hold” rating to a “buy” rating in a research report on Tuesday, April 24th. Finally, Zacks Investment Research lowered shares of Green Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, March 12th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $24.75.

Green Bancorp opened at $23.85 on Friday, according to MarketBeat Ratings. Green Bancorp has a 52 week low of $23.40 and a 52 week high of $23.60. The stock has a market cap of $888.55 million, a PE ratio of 18.56 and a beta of 2.12. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.59.

Green Bancorp (NASDAQ:GNBC) last released its quarterly earnings results on Thursday, April 26th. The financial services provider reported $0.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.12). Green Bancorp had a net margin of 18.32% and a return on equity of 10.21%. The business had revenue of $43.40 million for the quarter, compared to analysts’ expectations of $42.30 million. sell-side analysts forecast that Green Bancorp will post 1.7 EPS for the current fiscal year.

The firm also recently declared a special dividend, which will be paid on Thursday, May 24th. Stockholders of record on Thursday, May 10th will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, May 9th. Green Bancorp’s payout ratio is currently 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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Institutional Ownership by Quarter for Green Bancorp (NASDAQ:GNBC)

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