Revenue Update on Green Bancorp Inc(NASDAQ:GNBC)

Green Bancorp Inc(NASDAQ:GNBC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $33.54M. Analysts estimated a revenue of $37.32M. Earnings per share were $0.10. Analysts had estimated an EPS of $0.10.

In a different note, On Jun 8, 2016, Hovde Group said it Upgrades its rating on Green Bancorp Inc. The shares have been rated ‘Outperform’ by the firm.

Green Bancorp Inc (GNBC) made into the market gainers list on Thursdays trading session with the shares advancing 0.65% or 0.06 points. Due to strong positive momentum, the stock ended at $9.32, which is also near the day’s high of $9.38. The stock began the session at $9.29 and the volume stood at 10,304 shares. The 52-week high of the shares is $14.3 and the 52 week low is $6.61. The company has a current market capitalization of $341 M and it has 3,66,10,464 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 14, 2016, Geoffrey D. Greenwade (President) purchased 38,000 shares at $8.86 per share price.Also, On Mar 7, 2016, Manuel J Mehos (CEO) purchased 15,400 shares at $8.67 per share price.On Feb 22, 2016, Stefanie L. Shelley (director) purchased 4,000 shares at $7.01 per share price, according to the Form-4 filing with the securities and exchange commission.

Green Bancorp Inc. (the Bank) is a bank holding company. The Bank’s wholly owned subsidiary Green Bank N.A. is a nationally chartered commercial bank. Green Bank provides commercial and private banking services primarily to Texas based customers through 16 full service branches in the Houston Dallas Austin and Louisville metropolitan statistical areas (MSAs). The Bank offer a full suite of online banking solutions including access to account balances online transfers online bill payment and electronic delivery of customer statements as well as extended drive-through hours automated teller machines (ATMs) Bank at Work and banking by telephone mail and personal appointment. It also offers debit cards night depository direct deposit cashier’s and travelers checks and letters of credit as well as treasury management services wire transfer services and automated clearing house (ACH) services.

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