Green Bancorp Inc (GNBC) to Post Q1 2018 Earnings of $0.41 Per Share, SunTrust Banks Forecasts

Green Bancorp Inc (NASDAQ:GNBC) – SunTrust Banks raised their Q1 2018 earnings per share estimates for Green Bancorp in a report issued on Monday. SunTrust Banks analyst M. Young now anticipates that the financial services provider will earn $0.41 per share for the quarter, up from their previous forecast of $0.35. SunTrust Banks currently has a “Hold” rating and a $24.00 price objective on the stock. SunTrust Banks also issued estimates for Green Bancorp’s Q2 2018 earnings at $0.43 EPS, Q3 2018 earnings at $0.45 EPS and Q4 2018 earnings at $0.44 EPS.

Several other analysts have also commented on the stock. Keefe, Bruyette & Woods restated a “hold” rating and issued a $24.00 price objective on shares of Green Bancorp in a report on Thursday, October 26th. Piper Jaffray Companies restated a “buy” rating and issued a $26.00 price objective on shares of Green Bancorp in a report on Friday, October 27th. Zacks Investment Research lowered shares of Green Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. ValuEngine lowered shares of Green Bancorp from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, BidaskClub lowered shares of Green Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $24.50.

Shares of Green Bancorp (GNBC) traded up $0.15 on Tuesday, reaching $21.45. 126,300 shares of the company’s stock traded hands, compared to its average volume of 164,483. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.57. Green Bancorp has a twelve month low of $13.15 and a twelve month high of $24.40. The stock has a market capitalization of $801.54, a price-to-earnings ratio of 23.57 and a beta of 2.11.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Green Bancorp by 8.2% during the second quarter. Vanguard Group Inc. now owns 911,761 shares of the financial services provider’s stock valued at $17,688,000 after purchasing an additional 68,783 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Green Bancorp by 43.1% during the third quarter. Dimensional Fund Advisors LP now owns 716,623 shares of the financial services provider’s stock valued at $16,948,000 after purchasing an additional 215,665 shares in the last quarter. Phocas Financial Corp. increased its stake in shares of Green Bancorp by 4.6% during the second quarter. Phocas Financial Corp. now owns 604,901 shares of the financial services provider’s stock valued at $11,735,000 after purchasing an additional 26,829 shares in the last quarter. Hancock Holding Co. bought a new position in shares of Green Bancorp during the second quarter valued at approximately $8,848,000. Finally, Context BH Capital Management LP increased its stake in shares of Green Bancorp by 0.4% during the second quarter. Context BH Capital Management LP now owns 405,612 shares of the financial services provider’s stock valued at $7,869,000 after purchasing an additional 1,584 shares in the last quarter. 63.25% of the stock is owned by institutional investors and hedge funds.

WARNING: “Green Bancorp Inc (GNBC) to Post Q1 2018 Earnings of $0.41 Per Share, SunTrust Banks Forecasts” was reported by Markets Daily and is owned by of Markets Daily. If you are reading this piece of content on another site, it was copied illegally and republished in violation of US & international trademark & copyright law. The correct version of this piece of content can be viewed at https://www.themarketsdaily.com/2018/01/10/green-bancorp-inc-gnbc-to-post-q1-2018-earnings-of-0-41-per-share-suntrust-banks-forecasts.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.

Latest News

Leave a Reply