Green Bancorp Inc (GNBC) Receives $26.67 Consensus Target Price from Analysts

Green Bancorp Inc (NASDAQ:GNBC) has received a consensus rating of “Hold” from the eight ratings firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $26.67.

Several brokerages have recently commented on GNBC. ValuEngine lowered shares of Green Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, September 27th. Zacks Investment Research lowered shares of Green Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, September 13th. Sandler O’Neill restated a “buy” rating and issued a $29.00 price objective on shares of Green Bancorp in a report on Thursday, July 26th. Keefe, Bruyette & Woods upgraded shares of Green Bancorp from a “market perform” rating to an “outperform” rating in a report on Friday, July 27th. Finally, BidaskClub lowered shares of Green Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, September 27th.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Comerica Bank increased 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 worth $600,000 after buying an additional 2,315 shares during the period. Wells Fargo & Company MN increased its stake in Green Bancorp by 7.5% during the 3rd quarter. Wells Fargo & Company MN now owns 39,842 shares of the financial services provider’s stock worth $880,000 after buying an additional 2,792 shares during the period. Alpine Woods Capital Investors LLC increased its stake in Green Bancorp by 21.5% during 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 during the period. UBS Group AG increased its stake in Green Bancorp by 218.8% during 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 during the period. Finally, California State Teachers Retirement System increased its stake in Green Bancorp by 10.3% during 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 during the period. 66.90% of the stock is currently owned by hedge funds and other institutional investors.

Shares of GNBC stock opened at $19.52 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.99. Green Bancorp has a one year low of $16.80 and a one year high of $25.15. The company has a market capitalization of $705.92 million, a PE ratio of 16.13 and a beta of 2.12.

Green Bancorp (NASDAQ:GNBC) last issued its quarterly earnings data on Tuesday, October 23rd. The financial services provider reported $0.49 EPS for the quarter, topping the consensus estimate of $0.47 by $0.02. Green Bancorp had a net margin of 20.51% and a return on equity of 12.15%. The firm had revenue of $44.99 million for the quarter, compared to analyst estimates of $47.10 million. Equities analysts expect that Green Bancorp will post 1.66 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 21st. Investors of record on Wednesday, November 7th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend is Tuesday, November 6th. Green Bancorp’s payout ratio is currently 33.06%.

Green Bancorp Company 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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Analyst Recommendations for Green Bancorp (NASDAQ:GNBC)

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