Green Bancorp Inc (GNBC) Sees Significant Decline in Short Interest

Green Bancorp Inc (NASDAQ:GNBC) saw a large decline in short interest in January. As of January 31st, there was short interest totalling 711,198 shares, a decline of 30.9% from the January 12th total of 1,028,935 shares. Based on an average daily trading volume, of 279,603 shares, the short-interest ratio is currently 2.5 days. Currently, 2.9% of the shares of the stock are short sold.

In other news, Director Associates L.L.C Istm sold 1,000,000 shares of the business’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $23.25, for a total transaction of $23,250,000.00. Following the completion of the transaction, the director now owns 45,860 shares of the company’s stock, valued at approximately $1,066,245. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Ffl Executive Partners Iii Lp sold 1,011,448 shares of the business’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $23.03, for a total value of $23,293,647.44. Following the transaction, the insider now directly owns 45,860 shares of the company’s stock, valued at approximately $1,056,155.80. The disclosure for this sale can be found here. 16.23% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of the stock. Ellington Management Group LLC bought a new stake in Green Bancorp during the 4th quarter worth $221,000. Stone Ridge Asset Management LLC bought a new stake in Green Bancorp during the 4th quarter worth $226,000. AXA bought a new stake in Green Bancorp during the 4th quarter worth $205,000. Alliancebernstein L.P. grew its position in Green Bancorp by 15.5% during the 4th quarter. Alliancebernstein L.P. now owns 19,400 shares of the financial services provider’s stock worth $394,000 after acquiring an additional 2,600 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Green Bancorp by 3.8% during the 4th quarter. Geode Capital Management LLC now owns 212,903 shares of the financial services provider’s stock worth $4,321,000 after acquiring an additional 7,718 shares during the last quarter. Institutional investors and hedge funds own 62.25% of the company’s stock.

A number of equities analysts have recently commented on the company. SunTrust Banks reissued a “hold” rating and set a $23.00 price target on shares of Green Bancorp in a report on Friday, October 27th. Piper Jaffray Companies reissued a “buy” rating and set a $26.00 price target on shares of Green Bancorp in a report on Friday, October 27th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $24.00 price target on shares of Green Bancorp in a report on Thursday, October 26th. ValuEngine cut Green Bancorp from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, BidaskClub raised Green Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Green Bancorp has an average rating of “Buy” and an average price target of $24.75.

Shares of Green Bancorp (NASDAQ GNBC) traded up $0.20 during mid-day trading on Wednesday, reaching $23.20. The company had a trading volume of 550,515 shares, compared to its average volume of 457,200. The company has a market cap of $849.97, a price-to-earnings ratio of 25.00 and a beta of 2.20. Green Bancorp has a twelve month low of $15.00 and a twelve month high of $24.40. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.95 and a quick ratio of 0.94.

Green Bancorp (NASDAQ:GNBC) last issued its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. The business had revenue of $40.75 million for the quarter, compared to analyst estimates of $43.40 million. Green Bancorp had a return on equity of 9.92% and a net margin of 17.90%. sell-side analysts anticipate that Green Bancorp will post 1.73 earnings per share for the current fiscal year.

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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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