Green Bancorp, Inc. (GNBC) Stock Rating Upgraded by Zacks Investment Research
Green Bancorp, Inc. (NASDAQ:GNBC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Monday. The brokerage currently has a $24.00 price target on the financial services provider’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 11.89% from the company’s previous close.
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. “
GNBC has been the subject of a number of other reports. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $23.00 price target on shares of Green Bancorp in a report on Wednesday, October 4th. BidaskClub raised shares of Green Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $23.00 price target on shares of Green Bancorp in a report on Friday, October 27th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $26.00 price target on shares of Green Bancorp in a report on Friday, October 27th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $24.25.
Shares of Green Bancorp (NASDAQ GNBC) opened at $21.45 on Monday. The firm has a market cap of $799.67, a price-to-earnings ratio of 22.96 and a beta of 2.15. Green Bancorp has a fifty-two week low of $12.45 and a fifty-two week high of $24.40. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.57.
COPYRIGHT VIOLATION NOTICE: This story was published 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 copied illegally and reposted in violation of US and international copyright and trademark law. The correct version of this story can be accessed at https://www.watchlistnews.com/green-bancorp-inc-gnbc-stock-rating-upgraded-by-zacks-investment-research/1718777.html.
A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Green Bancorp by 8.2% during the 2nd quarter. Vanguard Group Inc. now owns 911,761 shares of the financial services provider’s stock worth $17,688,000 after acquiring an additional 68,783 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Green Bancorp by 43.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 716,623 shares of the financial services provider’s stock worth $16,948,000 after acquiring an additional 215,665 shares in the last quarter. Phocas Financial Corp. grew its holdings in Green Bancorp by 4.6% during the 2nd quarter. Phocas Financial Corp. now owns 604,901 shares of the financial services provider’s stock worth $11,735,000 after acquiring an additional 26,829 shares in the last quarter. Hancock Holding Co. acquired a new position in Green Bancorp during the 2nd quarter worth $8,848,000. Finally, Context BH Capital Management LP grew its holdings in Green Bancorp by 0.4% during the 2nd quarter. Context BH Capital Management LP now owns 405,612 shares of the financial services provider’s stock worth $7,869,000 after acquiring an additional 1,584 shares in the last quarter. 62.06% of the stock is owned by institutional investors.
About Green Bancorp
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 Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Bancorp Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.