American International Group Inc. raised its holdings in shares of Green Bancorp Inc (NASDAQ:GNBC) by 17.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 20,795 shares of the financial services provider’s stock after acquiring an additional 3,030 shares during the period. American International Group Inc. owned approximately 0.06% of Green Bancorp worth $460,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. UBS Group AG lifted its stake in Green Bancorp by 218.8% in the first quarter. UBS Group AG now owns 4,823 shares of the financial services provider’s stock worth $107,000 after acquiring an additional 3,310 shares during the period.
Principal Financial Group Inc. lifted its stake in Green Bancorp by 1,216.4% in the first quarter. Principal Financial Group Inc. now owns 205,371 shares of the financial services provider’s stock worth $4,570,000 after acquiring an additional 189,770 shares during the period. Comerica Bank lifted its stake in Green Bancorp by 9.1% in the second quarter. Comerica Bank now owns 27,776 shares of the financial services provider’s stock worth $600,000 after acquiring an additional 2,315 shares during the period.
KBC Group NV lifted its stake in Green Bancorp by 66.3% in the second quarter. KBC Group NV now owns 30,787 shares of the financial services provider’s stock worth $665,000 after acquiring an additional 12,279 shares during the period. Finally, Sei Investments Co. lifted its position in shares of Green Bancorp by 43.1% during the second quarter. Sei Investments Co. now owns 105,994 shares of the financial services provider’s stock valued at $2,290,000 after buying an additional 31,938 shares during the last quarter. Institutional investors own 68.35% of the company’s stock.
GNBC has been the subject of several analyst reports. Zacks Investment Research raised shares of Green Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, September 6th. ValuEngine raised shares of Green Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, October 3rd. Finally, BidaskClub lowered shares of Green Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, September 27th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $26.00.
GNBC stock opened at $18.00 on Friday. The stock has a market cap of $704.05 million, a price-to-earnings ratio of 15.17 and a beta of 2.14. Green Bancorp Inc has a one year low of $16.80 and a one year high of $25.15. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.99.
Green Bancorp (NASDAQ:GNBC) last released its quarterly earnings results on Tuesday, October 23rd. The financial services provider reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.02. The business had revenue of $44.99 million during the quarter, compared to analyst estimates of $47.10 million. Green Bancorp had a net margin of 20.51% and a return on equity of 12.15%.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 21st. Shareholders of record on Wednesday, November 7th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.22%. The ex-dividend date was Tuesday, November 6th. Green Bancorp’s payout ratio is 33.06%.
Green Bancorp Company 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, 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. Additionally, Green Bancorpt, Inc provides acquisition, expansion, and development loans to national and regional companies, real estate developers, mortgage lenders, manufacturing and industrial companies, and other businesses.
Source: Modern Readers