Is Green Bancorp, Inc. (GNBC) a Sell? The Stock Formed Bearish Head & Shoulders

January 21, 2018 - By Henry Gaston

The stock of Green Bancorp, Inc. (GNBC) formed H&S with $21.44 target or 7.00 % below today’s $23.05 share price. The 5 months Head & Shoulders indicates high risk for the $855.07M company. It was reported on Jan, 21 by Faxor.com. If the $21.44 price target is reached, the company will be worth $59.86 million less.
Head-and-shoulders are one of the best chart patterns to trade. They work in bear and bull markets and according to many researchers have very low failure rate. Even thought they have high pullback rate, such patters usually provide good risk-reward entry opportunities. The percentage of stocks meeting price targets is 55%.

The stock increased 1.10% or $0.25 during the last trading session, reaching $23.05. About 194,727 shares traded or 21.60% up from the average. Green Bancorp, Inc. (NASDAQ:GNBC) has risen 145.81% since January 21, 2017 and is uptrending. It has outperformed by 129.11% the S&P500.

Analysts await Green Bancorp, Inc. (NASDAQ:GNBC) to report earnings on January, 25. They expect $0.34 EPS, up 385.71 % or $0.27 from last year’s $0.07 per share. GNBC’s profit will be $12.61M for 16.95 P/E if the $0.34 EPS becomes a reality. After $0.32 actual EPS reported by Green Bancorp, Inc. for the previous quarter, Wall Street now forecasts 6.25 % EPS growth.

Green Bancorp, Inc. (NASDAQ:GNBC) Ratings Coverage

Among 8 analysts covering Green Bancorp Inc (NASDAQ:GNBC), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. Green Bancorp Inc has $27.0 highest and $16 lowest target. $21.17’s average target is -8.16% below currents $23.05 stock price. Green Bancorp Inc had 18 analyst reports since August 3, 2015 according to SRatingsIntel. The stock of Green Bancorp, Inc. (NASDAQ:GNBC) has “Buy” rating given on Thursday, July 27 by Piper Jaffray. The stock of Green Bancorp, Inc. (NASDAQ:GNBC) earned “Hold” rating by Keefe Bruyette & Woods on Thursday, July 27. On Friday, April 29 the stock rating was downgraded by SunTrust to “Neutral”. The stock of Green Bancorp, Inc. (NASDAQ:GNBC) has “Hold” rating given on Thursday, June 1 by Keefe Bruyette & Woods. Keefe Bruyette & Woods downgraded the stock to “Market Perform” rating in Thursday, October 29 report. The firm earned “Hold” rating on Monday, August 28 by Keefe Bruyette & Woods. The rating was maintained by Keefe Bruyette & Woods on Thursday, December 21 with “Hold”. The rating was maintained by SunTrust on Monday, January 8 with “Hold”. The firm earned “Neutral” rating on Friday, April 29 by Suntrust Robinson. Piper Jaffray initiated the shares of GNBC in report on Wednesday, January 18 with “Overweight” rating.

More recent Green Bancorp, Inc. (NASDAQ:GNBC) news were published by: Globenewswire.com which released: “Green Bancorp, Inc. Announces Fourth Quarter and Full Year 2017 Financial …” on January 11, 2018. Also Globenewswire.com published the news titled: “Green Bancorp, Inc. Announces Second Quarter 2017 Financial Results Release …” on July 13, 2017. Globenewswire.com‘s news article titled: “Green Bancorp, Inc. Announces Third Quarter 2017 Financial Results Release …” with publication date: October 11, 2017 was also an interesting one.

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