Green Bancorp (GNBC) Receives Hold Rating from SunTrust Banks

SunTrust Banks restated their hold rating on shares of Green Bancorp (NASDAQ:GNBC) in a report released on Tuesday. The firm currently has a $24.00 target price on the financial services provider’s stock. SunTrust Banks also issued estimates for Green Bancorp’s Q1 2018 earnings at $0.41 EPS, Q2 2018 earnings at $0.43 EPS, Q3 2018 earnings at $0.45 EPS, Q4 2018 earnings at $0.44 EPS, FY2018 earnings at $1.74 EPS and FY2019 earnings at $1.87 EPS.

Other equities research analysts have also issued reports about the company. Piper Jaffray Companies restated a buy rating and issued a $26.00 price objective on shares of Green Bancorp in a research note on Friday, October 27th. Zacks Investment Research upgraded Green Bancorp from a hold rating to a buy rating and set a $24.00 price target for the company in a research note on Monday, November 20th. ValuEngine lowered Green Bancorp from a buy rating to a hold rating in a research note on Friday, December 1st. Keefe, Bruyette & Woods reiterated a hold rating and issued a $23.00 price target on shares of Green Bancorp in a research note on Wednesday, October 4th. Finally, BidaskClub lowered Green Bancorp from a hold rating to a sell rating in a research note on Wednesday, December 27th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $24.50.

Green Bancorp (NASDAQ:GNBC) traded up $0.30 during trading hours on Tuesday, hitting $23.40. The stock had a trading volume of 157,231 shares, compared to its average volume of 166,515. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.95 and a quick ratio of 0.94. The stock has a market cap of $869.58, a price-to-earnings ratio of 25.71 and a beta of 2.11. Green Bancorp has a 52-week low of $13.15 and a 52-week high of $24.40.

A number of hedge funds have recently modified their holdings of GNBC. Hancock Holding Co. purchased a new stake in Green Bancorp in the 2nd quarter worth $8,848,000. Peregrine Capital Management LLC purchased a new stake in Green Bancorp in the 3rd quarter worth $8,849,000. Dimensional Fund Advisors LP increased its stake in Green Bancorp by 43.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 716,623 shares of the financial services provider’s stock worth $16,948,000 after buying an additional 215,665 shares in the last quarter. American Century Companies Inc. increased its stake in Green Bancorp by 238.1% in the 2nd quarter. American Century Companies Inc. now owns 178,309 shares of the financial services provider’s stock worth $3,459,000 after buying an additional 125,565 shares in the last quarter. Finally, 361 Capital LLC purchased a new stake in Green Bancorp in the 3rd quarter worth $2,188,000. Institutional investors and hedge funds own 63.25% of the company’s stock.

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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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