The Green Bancorp Inc. (GNBC) Posts Quarterly Earnings Results, Misses Estimates By $0.32 EPS

The Green Bancorp Inc. (GNBC) Posts Quarterly  Earnings Results, Misses Estimates By $0.32 EPS

Green Bancorp Inc. (NASDAQ:GNBC) announced its earnings results on Friday. The financial services provider reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by $0.32. Green Bancorp had a negative net margin of 0.55% and a positive return on equity of 0.32%.

Green Bancorp (NASDAQ:GNBC) opened at 10.525 on Monday. Green Bancorp has a 12 month low of $6.61 and a 12 month high of $14.30. The stock’s market capitalization is $378.31 million. The company’s 50-day moving average is $10.89 and its 200-day moving average is $9.39.

In other news, CFO John P. Durie bought 20,000 shares of Green Bancorp stock in a transaction dated Wednesday, August 3rd. The shares were acquired at an average price of $9.58 per share, with a total value of $191,600.00. Following the completion of the purchase, the chief financial officer now owns 37,076 shares in the company, valued at approximately $355,188.08. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 16.74% of the stock is currently owned by insiders.

Several large investors have recently made changes to their positions in GNBC. Foundry Partners LLC purchased a new stake in shares of Green Bancorp during the third quarter valued at $1,859,000. BlackRock Fund Advisors increased its stake in shares of Green Bancorp by 44.6% in the second quarter. BlackRock Fund Advisors now owns 532,073 shares of the financial services provider’s stock valued at $4,640,000 after buying an additional 164,220 shares in the last quarter. State Street Corp increased its stake in shares of Green Bancorp by 80.7% in the second quarter. State Street Corp now owns 249,094 shares of the financial services provider’s stock valued at $2,173,000 after buying an additional 111,249 shares in the last quarter. FSI Group LLC increased its stake in shares of Green Bancorp by 77.3% in the second quarter. FSI Group LLC now owns 195,000 shares of the financial services provider’s stock valued at $1,700,000 after buying an additional 85,000 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its stake in shares of Green Bancorp by 22.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 243,245 shares of the financial services provider’s stock valued at $2,121,000 after buying an additional 44,325 shares in the last quarter. 30.86% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have recently weighed in on GNBC shares. Zacks Investment Research raised shares of Green Bancorp from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Wednesday, September 28th. TheStreet raised shares of Green Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, July 27th. Jefferies Group reaffirmed a “hold” rating and set a $9.50 target price on shares of Green Bancorp in a research note on Thursday, July 7th. Keefe, Bruyette & Woods lifted their target price on shares of Green Bancorp from $10.00 to $11.00 and gave the company a “market perform” rating in a research note on Friday, July 29th. Finally, SunTrust Banks Inc. lowered shares of Green Bancorp from a “buy” rating to a “neutral” rating in a research note on Thursday, August 25th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $10.21.

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