Engineers Gate Manager LP Has $396,000 Stake in Green Bancorp Inc (NASDAQ:GNBC)
Engineers Gate Manager LP reduced its position in Green Bancorp Inc (NASDAQ:GNBC) by 43.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,907 shares of the financial services provider’s stock after selling 13,582 shares during the period. Engineers Gate Manager LP’s holdings in Green Bancorp were worth $396,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in Green Bancorp by 17.4% during the 2nd quarter. BlackRock Inc. now owns 3,553,010 shares of the financial services provider’s stock worth $76,746,000 after buying an additional 526,387 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Green Bancorp by 13.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,330,500 shares of the financial services provider’s stock valued at $28,739,000 after purchasing an additional 155,839 shares in the last quarter. Aristotle Capital Boston LLC increased its holdings in shares of Green Bancorp by 20.6% during the 2nd quarter. Aristotle Capital Boston LLC now owns 341,212 shares of the financial services provider’s stock valued at $7,370,000 after purchasing an additional 58,189 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Green Bancorp by 3.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 316,316 shares of the financial services provider’s stock valued at $6,833,000 after purchasing an additional 11,806 shares in the last quarter. Finally, Eagle Boston Investment Management Inc. increased its holdings in shares of Green Bancorp by 29.3% during the 2nd quarter. Eagle Boston Investment Management Inc. now owns 289,030 shares of the financial services provider’s stock valued at $6,243,000 after purchasing an additional 65,478 shares in the last quarter. Institutional investors and hedge funds own 68.38% of the company’s stock.
Green Bancorp stock traded up $0.65 during trading on Friday, reaching $18.84. The company had a trading volume of 322,607 shares, compared to its average volume of 141,840. Green Bancorp Inc has a 1-year low of $16.80 and a 1-year high of $25.15. The stock has a market capitalization of $679.76 million, a P/E ratio of 15.57 and a beta of 2.14. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.02 and a current ratio of 1.02.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 21st. Shareholders of record on Wednesday, November 7th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, November 6th. This represents a $0.40 annualized dividend and a yield of 2.12%. Green Bancorp’s dividend payout ratio (DPR) is presently 33.06%.
GNBC has been the subject of several recent research reports. Zacks Investment Research raised shares of Green Bancorp from a “sell” rating to a “hold” rating in a report on Monday, August 27th. BidaskClub cut shares of Green Bancorp from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 23rd. Finally, ValuEngine raised shares of Green Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, October 3rd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $26.00.
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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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