Bank of New York Mellon Corp lowered its stake in shares of Green Bancorp Inc (NASDAQ:GNBC) by 28.5% during the 4th quarter, HoldingsChannel reports. The fund owned 240,067 shares of the financial services provider’s stock after selling 95,649 shares during the quarter. Bank of New York Mellon Corp’s holdings in Green Bancorp were worth $4,115,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Arizona State Retirement System increased its holdings in shares of Green Bancorp by 6.3% during the fourth quarter. Arizona State Retirement System now owns 40,860 shares of the financial services provider’s stock valued at $700,000 after acquiring an additional 2,435 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Green Bancorp by 7.5% in the 3rd quarter. Wells Fargo & Company MN now owns 39,842 shares of the financial services provider’s stock worth $880,000 after buying an additional 2,792 shares during the period. First Manhattan Co. increased its holdings in Green Bancorp by 2.1% in the 4th quarter. First Manhattan Co. now owns 228,125 shares of the financial services provider’s stock worth $3,910,000 after buying an additional 4,625 shares during the period. Legal & General Group Plc increased its holdings in Green Bancorp by 9.4% in the 3rd quarter. Legal & General Group Plc now owns 56,602 shares of the financial services provider’s stock worth $1,253,000 after buying an additional 4,878 shares during the period. Finally, MetLife Investment Advisors LLC increased its holdings in Green Bancorp by 54.7% in the 3rd quarter. MetLife Investment Advisors LLC now owns 17,457 shares of the financial services provider’s stock worth $386,000 after buying an additional 6,172 shares during the period. Hedge funds and other institutional investors own 68.33% of the company’s stock.
Shares of NASDAQ:GNBC opened at $17.14 on Wednesday. Green Bancorp Inc has a twelve month low of $16.21 and a twelve month high of $25.15. 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 company has a market capitalization of $640.52 million, a P/E ratio of 14.17 and a beta of 2.05.
WARNING: “Green Bancorp Inc (GNBC) Stake Lessened by Bank of New York Mellon Corp” was first reported by Macon Daily and is the sole property of of Macon Daily. If you are accessing this article on another website, it was copied illegally and reposted in violation of international copyright legislation. The original version of this article can be read at https://macondaily.com/2019/04/17/green-bancorp-inc-gnbc-stake-lessened-by-bank-of-new-york-mellon-corp.html.
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.
Recommended Story: What are the advantages of the Stochastic Momentum Index?
Want to see what other hedge funds are holding GNBC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Green Bancorp Inc (NASDAQ:GNBC).
Receive News & Ratings for Green Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.