Green Bancorp Inc (GNBC) Short Interest Update
Green Bancorp Inc (NASDAQ:GNBC) was the target of a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 711,198 shares, a decline of 30.9% from the January 12th total of 1,028,935 shares. Based on an average daily trading volume, of 279,603 shares, the short-interest ratio is presently 2.5 days. Approximately 2.9% of the company’s stock are short sold.
Several analysts have weighed in on GNBC shares. Zacks Investment Research lowered shares of Green Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. ValuEngine upgraded shares of Green Bancorp from a “hold” rating to a “buy” rating in a research note on Monday, February 5th. BidaskClub upgraded shares of Green Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. SunTrust Banks reiterated a “hold” rating and set a $24.00 target price on shares of Green Bancorp in a research note on Tuesday, January 9th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $24.00 target price on shares of Green Bancorp in a research note on Thursday, October 26th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Green Bancorp currently has an average rating of “Buy” and an average price target of $24.75.
In other Green Bancorp news, Director Associates L.L.C Istm sold 1,000,000 shares of the business’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $23.25, for a total transaction of $23,250,000.00. Following the completion of the sale, the director now owns 45,860 shares in the company, valued at $1,066,245. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Ffl Executive Partners Iii Lp sold 1,011,448 shares of the business’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $23.03, for a total transaction of $23,293,647.44. Following the sale, the insider now owns 45,860 shares of the company’s stock, valued at approximately $1,056,155.80. The disclosure for this sale can be found here. 16.23% of the stock is currently owned by insiders.
Green Bancorp (GNBC) opened at $22.35 on Monday. Green Bancorp has a 1-year low of $15.00 and a 1-year high of $24.40. The stock has a market cap of $829.57, a price-to-earnings ratio of 24.29 and a beta of 2.20. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.57.
ILLEGAL ACTIVITY NOTICE: This story was originally posted by Watch List News and is the sole property of of Watch List News. If you are accessing this story on another publication, it was illegally stolen and republished in violation of U.S. and international copyright legislation. The correct version of this story can be read at https://www.watchlistnews.com/green-bancorp-inc-gnbc-short-interest-update/1860376.html.
Green Bancorp Company Profile
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.
Receive News & Ratings for Green Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.