Green Bancorp, Inc. (NASDAQ:GNBC) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday.

According to Zacks, “Green Bancorp, Inc. is a bank holding company for Green Bank, N.A. The Bank is a nationally chartered commercial bank providing commercial and private banking services. It offers deposit accounts comprising demand, savings, money market, and time accounts. The Company also provides loans, including residential real estate loans, home equity loans, home equity lines of credit, installment loans, unsecured and secured personal lines of credit, overdraft protection and letters of credit. It also provides a range of online banking solutions; and extended drive-through hours, and ATMs, as well as banking through telephone, mail, and personal appointment. Green Bancorp, Inc. is headquartered in Houston, Texas. “

Separately, BidaskClub lowered shares of Green Bancorp from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $22.33.

Green Bancorp (NASDAQ GNBC) opened at 23.20 on Monday. The stock’s 50 day moving average price is $21.59 and its 200-day moving average price is $19.73. The firm has a market cap of $859.21 million, a PE ratio of 63.56 and a beta of 2.21. Green Bancorp has a 12-month low of $9.30 and a 12-month high of $24.10.

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A number of large investors have recently bought and sold shares of the stock. Citadel Advisors LLC purchased a new position in Green Bancorp during the first quarter worth about $193,000. Alliancebernstein L.P. bought a new position in Green Bancorp in the 1st quarter worth about $206,000. American International Group Inc. increased its stake in Green Bancorp by 7.1% in the 1st quarter. American International Group Inc. now owns 12,741 shares of the financial services provider’s stock worth $227,000 after acquiring an additional 849 shares during the last quarter. California Public Employees Retirement System bought a new position in Green Bancorp in the 2nd quarter worth about $246,000. Finally, Sei Investments Co. increased its stake in Green Bancorp by 974.2% in the 2nd quarter. Sei Investments Co. now owns 13,986 shares of the financial services provider’s stock worth $271,000 after acquiring an additional 12,684 shares during the last quarter. 60.71% of the stock is owned by institutional investors.

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.

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