Green Bancorp Inc (GNBC) Receives Consensus Rating of “Hold” from Analysts
Green Bancorp Inc (NASDAQ:GNBC) has been given a consensus recommendation of “Hold” by the eight ratings firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $26.67.
GNBC has been the topic of several research reports. BidaskClub downgraded shares of Green Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, September 27th. Zacks Investment Research upgraded shares of Green Bancorp from a “sell” rating to a “hold” rating in a report on Monday, October 1st. Finally, ValuEngine downgraded shares of Green Bancorp from a “hold” rating to a “sell” rating in a report on Friday, October 19th.
NASDAQ:GNBC traded down $0.37 during midday trading on Friday, hitting $18.19. The company’s stock had a trading volume of 296,700 shares, compared to its average volume of 255,656. Green Bancorp has a fifty-two week low of $16.80 and a fifty-two week high of $25.15. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.99. The company has a market cap of $693.59 million, a PE ratio of 14.90 and a beta of 2.14.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 21st. Stockholders of record on Wednesday, November 7th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, November 6th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.20%. Green Bancorp’s payout ratio is 33.06%.
Hedge funds and other institutional investors have recently modified their holdings of the company. UBS Group AG grew its stake in shares of 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 purchasing an additional 3,310 shares during the period. Piedmont Investment Advisors LLC acquired a new stake in shares of Green Bancorp during the 2nd quarter worth approximately $132,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Green Bancorp during the 2nd quarter worth approximately $167,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of Green Bancorp during the 2nd quarter worth approximately $333,000. Finally, Alpine Woods Capital Investors LLC grew its stake in shares of 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 purchasing an additional 2,800 shares during the period. 68.38% of the stock is currently owned by institutional investors and hedge funds.
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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