Green Bancorp, Inc. (GNBC) Position Boosted by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. boosted its stake in Green Bancorp, Inc. (NASDAQ:GNBC) by 3.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,108 shares of the financial services provider’s stock after buying an additional 654 shares during the period. Goldman Sachs Group Inc. owned 0.06% of Green Bancorp worth $409,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Martingale Asset Management L P grew its position in Green Bancorp by 0.4% in the 2nd quarter. Martingale Asset Management L P now owns 82,842 shares of the financial services provider’s stock valued at $1,608,000 after buying an additional 300 shares in the last quarter. Wells Fargo & Company MN grew its position in Green Bancorp by 2.3% in the 2nd 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. Parametric Portfolio Associates LLC grew its position in Green Bancorp by 2.7% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 24,570 shares of the financial services provider’s stock valued at $477,000 after buying an additional 647 shares in the last quarter. American International Group Inc. grew its position in Green Bancorp by 7.1% in the 1st quarter. American International Group Inc. now owns 12,741 shares of the financial services provider’s stock valued at $227,000 after buying an additional 849 shares in the last quarter. Finally, Context BH Capital Management LP grew its position in Green Bancorp by 0.4% in the 2nd quarter. Context BH Capital Management LP now owns 405,612 shares of the financial services provider’s stock valued at $7,869,000 after buying an additional 1,584 shares in the last quarter. Hedge funds and other institutional investors own 61.12% of the company’s stock.

GNBC has been the subject of a number of recent analyst reports. Zacks Investment Research lowered shares of Green Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 2nd. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $23.00 target price on shares of Green Bancorp in a research report on Wednesday, October 4th. BidaskClub upgraded shares of Green Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $23.00 target price on shares of Green Bancorp in a research report on Friday, October 27th. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $26.00 target price on shares of Green Bancorp in a research report on Friday, October 27th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $24.75.

Green Bancorp, Inc. (NASDAQ GNBC) opened at $21.05 on Wednesday. Green Bancorp, Inc. has a 12-month low of $12.10 and a 12-month high of $24.40. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.94 and a current ratio of 0.95. The firm has a market cap of $773.58, a PE ratio of 22.31 and a beta of 2.15.

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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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Institutional Ownership by Quarter for Green Bancorp (NASDAQ:GNBC)

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