Dimensional Fund Advisors LP Buys 184,921 Shares of Green Bancorp, Inc. (GNBC)
Dimensional Fund Advisors LP increased its stake in Green Bancorp, Inc. (NASDAQ:GNBC) by 114.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 346,791 shares of the financial services provider’s stock after buying an additional 184,921 shares during the period. Dimensional Fund Advisors LP owned about 0.94% of Green Bancorp worth $6,173,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. TFS Capital LLC bought a new position in shares of Green Bancorp during the first quarter valued at $191,000. Alliancebernstein L.P. bought a new position in shares of Green Bancorp during the first quarter valued at $206,000. American International Group Inc. boosted its position in shares of Green Bancorp by 7.1% in the first quarter. American International Group Inc. now owns 12,741 shares of the financial services provider’s stock valued at $227,000 after buying an additional 849 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Green Bancorp during the first quarter valued at $312,000. Finally, Davis Capital Partners LLC bought a new position in shares of Green Bancorp during the first quarter valued at $322,000. Institutional investors and hedge funds own 58.45% of the company’s stock.
Shares of Green Bancorp, Inc. (NASDAQ GNBC) traded up 3.061% on Friday, hitting $22.725. The stock had a trading volume of 107,571 shares. The stock has a market cap of $841.62 million, a PE ratio of 62.260 and a beta of 2.13. Green Bancorp, Inc. has a one year low of $9.30 and a one year high of $24.10. The company’s 50 day moving average is $21.40 and its 200 day moving average is $18.78.
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Several research analysts have recently weighed in on the company. BidaskClub cut Green Bancorp from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Zacks Investment Research upgraded Green Bancorp from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Tuesday, May 9th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $22.00.
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.
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