Renaissance Technologies LLC decreased its stake in Green Bancorp, Inc. (NASDAQ:GNBC) by 14.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 210,514 shares of the financial services provider’s stock after selling 34,486 shares during the period. Renaissance Technologies LLC owned approximately 0.57% of Green Bancorp worth $3,747,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GNBC. Russell Investments Group Ltd. bought a new position in Green Bancorp during the fourth quarter valued at $164,000. TFS Capital LLC acquired a new stake in Green Bancorp during the first quarter worth approximately $191,000. Citadel Advisors LLC purchased a new stake in Green Bancorp during the first quarter valued at $193,000. Alliancebernstein L.P. purchased a new stake in Green Bancorp during the first quarter valued at $206,000. Finally, American International Group Inc. boosted its stake in Green Bancorp by 7.1% in the first 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 during the period. Hedge funds and other institutional investors own 58.45% of the company’s stock.
Shares of Green Bancorp, Inc. (NASDAQ:GNBC) traded up 1.15% during midday trading on Friday, hitting $21.95. 202,322 shares of the stock were exchanged. The firm has a 50 day moving average of $21.19 and a 200 day moving average of $18.63. The firm has a market cap of $812.92 million, a P/E ratio of 60.14 and a beta of 2.13. Green Bancorp, Inc. has a 12-month low of $9.30 and a 12-month high of $24.10.
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Several research firms have recently weighed in on GNBC. BidaskClub raised shares of Green Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Zacks Investment Research raised shares of Green Bancorp from a “hold” rating to a “strong-buy” rating and set a $26.00 price objective for the company in a research report on Wednesday, August 2nd. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $22.00.
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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