Green Bancorp Inc (GNBC) Shares Sold by LSV Asset Management
LSV Asset Management decreased its holdings in shares of Green Bancorp Inc (NASDAQ:GNBC) by 6.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,100 shares of the financial services provider’s stock after selling 6,100 shares during the quarter. LSV Asset Management’s holdings in Green Bancorp were worth $1,707,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also modified their holdings of GNBC. Macquarie Group Ltd. purchased a new position in shares of Green Bancorp during the third quarter valued at $159,000. California Public Employees Retirement System purchased a new position in shares of Green Bancorp during the second quarter valued at $246,000. Wells Fargo & Company MN grew its holdings in shares of Green Bancorp by 2.3% during the second quarter. Wells Fargo & Company MN now owns 15,037 shares of the financial services provider’s stock valued at $291,000 after buying an additional 341 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of Green Bancorp by 61.2% during the second quarter. Alliancebernstein L.P. now owns 18,700 shares of the financial services provider’s stock valued at $363,000 after buying an additional 7,100 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in shares of Green Bancorp by 19.2% during the third quarter. Sei Investments Co. now owns 16,676 shares of the financial services provider’s stock valued at $394,000 after buying an additional 2,690 shares in the last quarter. Institutional investors and hedge funds own 62.25% of the company’s stock.
Green Bancorp Inc (NASDAQ GNBC) opened at $23.20 on Thursday. 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 Inc has a 52 week low of $15.00 and a 52 week high of $24.40. The company has a market capitalization of $849.97, a PE ratio of 25.22 and a beta of 2.20.
In other Green Bancorp news, Director Associates L.L.C Istm sold 1,000,000 shares of the business’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $23.25, for a total value of $23,250,000.00. Following the transaction, the director now owns 45,860 shares in the company, valued at $1,066,245. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Ffl Executive Partners Iii Lp sold 1,011,448 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $23.03, for a total value of $23,293,647.44. Following the completion of the transaction, the insider now owns 45,860 shares in the company, valued at approximately $1,056,155.80. The disclosure for this sale can be found here. Insiders own 16.23% of the company’s stock.
A number of research analysts have recently weighed in on the company. Piper Jaffray Companies reiterated a “buy” rating and set a $27.00 price target on shares of Green Bancorp in a report on Monday, January 29th. Zacks Investment Research upgraded Green Bancorp from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Monday, November 20th. SunTrust Banks reiterated a “hold” rating and set a $23.00 price target on shares of Green Bancorp in a report on Friday, October 27th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $24.00 price target on shares of Green Bancorp in a report on Thursday, October 26th. Finally, BidaskClub downgraded Green Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th. Three 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 “Buy” and an average price target of $24.75.
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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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