Analysts Anticipate Green Bancorp Inc (GNBC) Will Announce Earnings of $0.46 Per Share

Equities analysts forecast that Green Bancorp Inc (NASDAQ:GNBC) will post earnings of $0.46 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Green Bancorp’s earnings, with estimates ranging from $0.44 to $0.48. Green Bancorp posted earnings of $0.32 per share in the same quarter last year, which indicates a positive year over year growth rate of 43.8%. The business is expected to report its next earnings report on Wednesday, October 24th.

According to Zacks, analysts expect that Green Bancorp will report full year earnings of $1.66 per share for the current financial year, with EPS estimates ranging from $1.63 to $1.69. For the next year, analysts expect that the business will post earnings of $2.02 per share, with EPS estimates ranging from $1.99 to $2.05. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Green Bancorp.

Green Bancorp (NASDAQ:GNBC) last announced its quarterly earnings results on Tuesday, July 24th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. The business had revenue of $45.25 million for the quarter, compared to the consensus estimate of $45.15 million. Green Bancorp had a return on equity of 10.86% and a net margin of 19.41%.

Several analysts have weighed in on GNBC shares. BidaskClub downgraded Green Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, June 23rd. Zacks Investment Research downgraded Green Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, September 13th. Hovde Group downgraded Green Bancorp from an “outperform” rating to a “market perform” rating in a research note on Monday, July 30th. ValuEngine raised Green Bancorp from a “hold” rating to a “buy” rating in a research note on Tuesday, July 24th. Finally, Sandler O’Neill reaffirmed a “buy” rating and set a $29.00 target price on shares of Green Bancorp in a research note on Thursday, July 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $25.60.

A number of institutional investors have recently made changes to their positions in the business. Comerica Bank raised its stake in Green Bancorp by 9.1% during the 2nd quarter. Comerica Bank now owns 27,776 shares of the financial services provider’s stock valued at $600,000 after acquiring an additional 2,315 shares in the last quarter. Alpine Woods Capital Investors LLC raised its stake in shares of Green Bancorp by 21.5% in the 2nd quarter. Alpine Woods Capital Investors LLC now owns 15,800 shares of the financial services provider’s stock worth $341,000 after buying an additional 2,800 shares in the last quarter. UBS Group AG raised its stake in shares of Green Bancorp by 218.8% in the 1st quarter. UBS Group AG now owns 4,823 shares of the financial services provider’s stock worth $107,000 after buying an additional 3,310 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Green Bancorp by 10.9% in the 1st quarter. Wells Fargo & Company MN now owns 35,319 shares of the financial services provider’s stock worth $785,000 after buying an additional 3,471 shares in the last quarter. Finally, California State Teachers Retirement System raised its stake in shares of Green Bancorp by 10.3% in the 1st quarter. California State Teachers Retirement System now owns 37,082 shares of the financial services provider’s stock worth $825,000 after buying an additional 3,478 shares in the last quarter. 66.85% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ GNBC traded down $0.50 during mid-day trading on Friday, hitting $23.40. The company had a trading volume of 758,000 shares, compared to its average volume of 274,235. The company has a market cap of $873.01 million, a price-to-earnings ratio of 19.34 and a beta of 2.10. Green Bancorp has a 12 month low of $19.55 and a 12 month high of $25.15. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.96.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 23rd. Shareholders of record on Thursday, August 9th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.71%. The ex-dividend date was Wednesday, August 8th. Green Bancorp’s payout ratio is currently 33.06%.

About Green Bancorp

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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