Alliancebernstein L.P. increased its holdings in shares of Green Bancorp, Inc. (NASDAQ:GNBC) by 61.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,700 shares of the financial services provider’s stock after purchasing an additional 7,100 shares during the quarter. Alliancebernstein L.P. owned approximately 0.05% of Green Bancorp worth $363,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of GNBC. Bank of New York Mellon Corp lifted its stake in Green Bancorp by 32.3% during the first quarter. Bank of New York Mellon Corp now owns 92,323 shares of the financial services provider’s stock worth $1,644,000 after purchasing an additional 22,515 shares during the last quarter. American International Group Inc. lifted its stake in Green Bancorp by 7.1% during the first quarter. American International Group Inc. now owns 12,741 shares of the financial services provider’s stock worth $227,000 after purchasing an additional 849 shares during the last quarter. Wellington Management Group LLP purchased a new stake in Green Bancorp during the first quarter worth approximately $2,240,000. TIAA CREF Investment Management LLC lifted its stake in Green Bancorp by 39.3% during the first quarter. TIAA CREF Investment Management LLC now owns 86,373 shares of the financial services provider’s stock worth $1,537,000 after purchasing an additional 24,382 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Green Bancorp by 2.8% during the first quarter. Vanguard Group Inc. now owns 842,978 shares of the financial services provider’s stock worth $15,005,000 after purchasing an additional 22,700 shares during the last quarter. Hedge funds and other institutional investors own 61.70% of the company’s stock.

Green Bancorp, Inc. (NASDAQ GNBC) opened at $21.45 on Wednesday. The stock has a market capitalization of $823.53, a P/E ratio of 23.87 and a beta of 2.15. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 0.78. Green Bancorp, Inc. has a twelve month low of $9.90 and a twelve month high of $24.40.

A number of equities research analysts have weighed in on the company. Zacks Investment Research upgraded Green Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $23.00 price objective on shares of Green Bancorp in a research note on Friday, October 27th. Piper Jaffray Companies reiterated a “buy” rating and issued a $26.00 price objective on shares of Green Bancorp in a research note on Friday, October 27th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $24.00 target price on shares of Green Bancorp in a report on Thursday, October 26th. Finally, BidaskClub raised Green Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $24.75.

WARNING: “Green Bancorp, Inc. (GNBC) Position Raised by Alliancebernstein L.P.” was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece on another site, it was stolen and reposted in violation of U.S. and international copyright and trademark law. The original version of this piece can be read at https://www.thecerbatgem.com/2017/11/08/green-bancorp-inc-gnbc-position-raised-by-alliancebernstein-l-p.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.

Institutional Ownership by Quarter for Green Bancorp (NASDAQ:GNBC)

Receive News & Stock Ratings for Green Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Bancorp Inc. and related stocks with our FREE daily email newsletter.