JPMorgan Chase & Co. trimmed its position in Green Bancorp Inc (NASDAQ:GNBC) by 32.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 197,634 shares of the financial services provider’s stock after selling 94,209 shares during the period. JPMorgan Chase & Co. owned about 0.53% of Green Bancorp worth $4,368,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cubist Systematic Strategies LLC bought a new stake in Green Bancorp in the 2nd quarter worth approximately $167,000. OMERS ADMINISTRATION Corp bought a new stake in Green Bancorp in the 2nd quarter worth approximately $333,000. Alpine Woods Capital Investors LLC increased its stake in Green Bancorp by 21.5% in the 2nd quarter.
Alpine Woods Capital Investors LLC now owns 15,800 shares of the financial services provider’s stock worth $341,000 after acquiring an additional 2,800 shares during the last quarter. SG Americas Securities LLC bought a new stake in Green Bancorp in the 2nd quarter worth approximately $429,000.
Finally, BlueMountain Capital Management LLC increased its stake in Green Bancorp by 62.6% in the 2nd quarter. BlueMountain Capital Management LLC now owns 20,384 shares of the financial services provider’s stock worth $440,000 after acquiring an additional 7,846 shares during the last quarter. 68.33% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Green Bancorp stock opened at $17.13 on Friday. The company has a market capitalization of $647.25 million, a PE ratio of 14.16 and a beta of 2.14. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.02 and a quick ratio of 1.02. Green Bancorp Inc has a one year low of $16.21 and a one year high of $25.15.
Green Bancorp (NASDAQ:GNBC) last announced its earnings results on Tuesday, October 23rd. The financial services provider reported $0.49 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.02. The firm had revenue of $44.99 million during the quarter, compared to analysts’ expectations of $47.10 million. Green Bancorp had a return on equity of 12.15% and a net margin of 20.51%. As a group, research analysts forecast that Green Bancorp Inc will post 1.63 earnings per share for the current year.
A number of analysts have issued reports on the company. ValuEngine downgraded Green Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, September 27th. Zacks Investment Research downgraded Green Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, September 13th. Finally, BidaskClub downgraded Green Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, September 27th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. Green Bancorp has a consensus rating of “Hold” and a consensus price target of $26.00.
Green Bancorp Profile
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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