Analysts Expect Green Bancorp Inc (GNBC) Will Announce Earnings of $0.46 Per Share

Wall Street brokerages expect Green Bancorp Inc (NASDAQ:GNBC) to post earnings of $0.46 per share for the current quarter, according to Zacks. Two analysts have issued estimates for Green Bancorp’s earnings, with the lowest EPS estimate coming in at $0.44 and the highest estimate coming in at $0.48. Green Bancorp reported earnings per share of $0.32 in the same quarter last year, which suggests a positive year-over-year growth rate of 43.8%. The business is scheduled to report its next quarterly earnings results on Wednesday, October 24th.

On average, analysts expect that Green Bancorp will report full year earnings of $1.66 per share for the current financial year, with EPS estimates ranging from $1.63 to $1.69. For the next fiscal year, analysts expect that the company will post earnings of $2.02 per share, with EPS estimates ranging from $1.99 to $2.05. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Green Bancorp.

Green Bancorp (NASDAQ:GNBC) last announced its quarterly earnings data on Tuesday, July 24th. The financial services provider reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.01. Green Bancorp had a return on equity of 10.86% and a net margin of 19.41%. The firm had revenue of $45.25 million during the quarter, compared to the consensus estimate of $45.15 million.

Several analysts have weighed in on the company. ValuEngine upgraded Green Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, October 3rd. Zacks Investment Research upgraded Green Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, October 1st. BidaskClub downgraded Green Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, September 27th. Hovde Group downgraded Green Bancorp from an “outperform” rating to a “market perform” rating in a research report on Monday, July 30th. Finally, Keefe, Bruyette & Woods upgraded Green Bancorp from a “market perform” rating to an “outperform” rating in a research report on Friday, July 27th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $25.60.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Northern Trust Corp increased its stake in shares of Green Bancorp by 3.8% during the second quarter. Northern Trust Corp now owns 270,578 shares of the financial services provider’s stock valued at $5,845,000 after buying an additional 9,918 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Green Bancorp by 3.9% during the second 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 buying an additional 11,806 shares during the period. Cubist Systematic Strategies LLC purchased a new position in shares of Green Bancorp during the second quarter valued at approximately $167,000. Point72 Asset Management L.P. purchased a new position in shares of Green Bancorp during the second quarter valued at approximately $776,000. Finally, BlueMountain Capital Management LLC increased its stake in shares of Green Bancorp by 62.6% during the second quarter. BlueMountain Capital Management LLC now owns 20,384 shares of the financial services provider’s stock valued at $440,000 after buying an additional 7,846 shares during the period. 66.85% of the stock is currently owned by hedge funds and other institutional investors.

GNBC stock traded up $0.24 during midday trading on Monday, hitting $24.13. The company had a trading volume of 224,600 shares, compared to its average volume of 271,279. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.00 and a current ratio of 1.00. Green Bancorp has a 52 week low of $19.55 and a 52 week high of $25.15. The company has a market capitalization of $824.51 million, a P/E ratio of 19.94 and a beta of 2.11.

About Green Bancorp

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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Earnings History and Estimates for Green Bancorp (NASDAQ:GNBC)

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