JCSD Capital LLC Sells 6,100 Shares of Green Bancorp (GNBC)
JCSD Capital LLC reduced its holdings in shares of Green Bancorp (NASDAQ:GNBC) by 8.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 70,000 shares of the financial services provider’s stock after selling 6,100 shares during the period. Green Bancorp comprises about 1.1% of JCSD Capital LLC’s investment portfolio, making the stock its 28th biggest position. JCSD Capital LLC’s holdings in Green Bancorp were worth $1,558,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of GNBC. AXA acquired a new position in Green Bancorp in the fourth quarter valued at about $205,000. Engineers Gate Manager LP acquired a new position in Green Bancorp in the first quarter valued at about $216,000. Ellington Management Group LLC acquired a new position in Green Bancorp in the fourth quarter valued at about $221,000. Stone Ridge Asset Management LLC acquired a new position in Green Bancorp in the fourth quarter valued at about $226,000. Finally, MetLife Investment Advisors LLC acquired a new position in Green Bancorp in the fourth quarter valued at about $229,000. Institutional investors and hedge funds own 62.65% of the company’s stock.
A number of research firms have commented on GNBC. ValuEngine upgraded shares of Green Bancorp from a “hold” rating to a “buy” rating in a research report on Monday, February 5th. Piper Jaffray restated a “buy” rating and issued a $27.00 price target on shares of Green Bancorp in a research report on Monday, January 29th. BidaskClub lowered shares of Green Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, May 4th. Finally, Zacks Investment Research lowered shares of Green Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, March 12th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $24.75.
Green Bancorp (NASDAQ:GNBC) last announced its earnings results on Thursday, April 26th. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.12). Green Bancorp had a return on equity of 10.21% and a net margin of 18.32%. The company had revenue of $43.40 million for the quarter, compared to analyst estimates of $42.30 million. research analysts predict that Green Bancorp will post 1.7 earnings per share for the current fiscal year.
The business also recently announced a special dividend, which will be paid on Thursday, May 24th. Stockholders of record on Thursday, May 10th will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, May 9th. Green Bancorp’s payout ratio is 33.06%.
Green Bancorp 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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