Green Bancorp (NASDAQ:GNBC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Monday.

According to Zacks, “Green Bancorp, Inc. is a bank holding company for Green Bank, N.A. The Bank is a nationally chartered commercial bank providing commercial and private banking services. It offers deposit accounts comprising demand, savings, money market, and time accounts. The Company also provides loans, including residential real estate loans, home equity loans, home equity lines of credit, installment loans, unsecured and secured personal lines of credit, overdraft protection and letters of credit. It also provides a range of online banking solutions; and extended drive-through hours, and ATMs, as well as banking through telephone, mail, and personal appointment. Green Bancorp, Inc. is headquartered in Houston, Texas. “

A number of other equities analysts have also weighed in on the stock. ValuEngine lowered shares of Green Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. BidaskClub lowered shares of Green Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, June 23rd. Sandler O’Neill reaffirmed a “buy” rating and issued a $29.00 target price on shares of Green Bancorp in a research note on Thursday, July 26th. Keefe, Bruyette & Woods raised shares of Green Bancorp from a “market perform” rating to an “outperform” rating in a research note on Friday, July 27th. Finally, Hovde Group lowered shares of Green Bancorp from an “outperform” rating to a “market perform” rating in a research note on Monday, July 30th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $25.60.

GNBC opened at $24.05 on Monday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.00 and a quick ratio of 1.00. Green Bancorp has a 12 month low of $19.50 and a 12 month high of $25.15. The firm has a market capitalization of $914.05 million, a P/E ratio of 19.88 and a beta of 2.14.

Green Bancorp (NASDAQ:GNBC) last released its quarterly earnings data on Tuesday, July 24th. The financial services provider reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.01. Green Bancorp had a net margin of 19.41% and a return on equity of 10.86%. The business had revenue of $45.25 million during the quarter, compared to analysts’ expectations of $45.15 million. sell-side analysts forecast that Green Bancorp will post 1.66 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the company. Great West Life Assurance Co. Can boosted its stake in shares of Green Bancorp by 1,250.0% during the 1st quarter. Great West Life Assurance Co. Can now owns 32,400 shares of the financial services provider’s stock worth $722,000 after buying an additional 30,000 shares during the last quarter. Great Lakes Advisors LLC acquired a new position in shares of Green Bancorp during the 1st quarter worth about $3,326,000. Swiss National Bank boosted its stake in shares of Green Bancorp by 14.0% during the 1st quarter. Swiss National Bank now owns 42,300 shares of the financial services provider’s stock worth $941,000 after buying an additional 5,200 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Green Bancorp by 123.2% during the 1st quarter. BlackRock Inc. now owns 3,026,623 shares of the financial services provider’s stock worth $67,344,000 after buying an additional 1,670,387 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Green Bancorp by 12.2% during the 1st quarter. Northern Trust Corp now owns 260,660 shares of the financial services provider’s stock worth $5,800,000 after buying an additional 28,266 shares during the last quarter. Institutional investors own 66.85% of the company’s stock.

About Green Bancorp

Green Bancorp, Inc operates as the bank holding company for Green Bank, N.A. that provides commercial and private banking services primarily in Texas. It offers deposit accounts, such as demand, savings, money market, and time accounts. The company also provides loans, including commercial and industrial loans, including commercial lines of credit, working capital loans, commercial real estate-backed loans, mortgage-warehouse lines, term loans, equipment financing, borrowing base loans, real estate construction loans, homebuilder loans, government guaranteed loans, purchased receivables financing, letters of credit, and other loan products, as well as acquisition, expansion, and development loans to national and regional companies, real estate developers, mortgage lenders, manufacturing and industrial companies, and other businesses.

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