Green Bancorp (NASDAQ:GNBC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

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 also recently commented on GNBC. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $23.00 price objective on shares of Green Bancorp in a report on Wednesday, October 4th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $26.00 price objective on shares of Green Bancorp in a report on Friday, October 27th. SunTrust Banks reaffirmed a “hold” rating and set a $23.00 price objective on shares of Green Bancorp in a report on Friday, October 27th. Finally, ValuEngine downgraded shares of Green Bancorp from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Green Bancorp has a consensus rating of “Hold” and an average target price of $24.25.

Shares of Green Bancorp (GNBC) traded up $0.25 during trading on Tuesday, reaching $21.65. 132,669 shares of the company’s stock were exchanged, compared to its average volume of 181,063. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.57. Green Bancorp has a 12-month low of $13.15 and a 12-month high of $24.40. The company has a market cap of $797.81, a P/E ratio of 23.53 and a beta of 2.12.

Several institutional investors have recently made changes to their positions in GNBC. Macquarie Group Ltd. acquired a new stake in shares of Green Bancorp during the 3rd quarter worth about $159,000. California Public Employees Retirement System acquired a new stake in shares of Green Bancorp during the 2nd quarter worth about $246,000. Sei Investments Co. increased its position in shares of Green Bancorp by 974.2% during the 2nd quarter. Sei Investments Co. now owns 13,986 shares of the financial services provider’s stock worth $271,000 after purchasing an additional 12,684 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Green Bancorp by 2.3% during the 2nd quarter. Wells Fargo & Company MN now owns 15,037 shares of the financial services provider’s stock worth $291,000 after purchasing an additional 341 shares in the last quarter. Finally, Alliancebernstein L.P. increased its position in shares of Green Bancorp by 61.2% during the 2nd quarter. Alliancebernstein L.P. now owns 18,700 shares of the financial services provider’s stock worth $363,000 after purchasing an additional 7,100 shares in the last quarter. Institutional investors and hedge funds own 63.25% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This news story was first posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this news story on another website, it was stolen and reposted in violation of U.S. & international trademark and copyright legislation. The correct version of this news story can be read at https://theolympiareport.com/2017/12/26/zacks-investment-research-lowers-green-bancorp-gnbc-to-hold.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.

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