Back to top

Image: Bigstock

Green Bancorp (GNBC) Looks Good: Stock Adds 9.6% in Session

Read MoreHide Full Article

Green Bancorp, Inc. was a big mover last session, as the company saw its shares rise nearly 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $21.55 to $22.50 in the past one month time frame.

The stock gained after the company announced that it has inked a definitive agreement with Veritex Holdings for the merger of Green and Green Bank, N.A. with and into Veritex and Veritex Community Bank, respectively. The company also reported solid second-quarter 2018 results, which partly driven the rally.

 The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Green Bancorp currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Investors interested in the Banks - Southeast industry may consider Capstar Financial Holdings Inc. (CSTR - Free Report) , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is GNBC going up? Or down? Predict to see what others think:Up or Down

More Stock News: This Is Bigger than the iPhone!

It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.

Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.

Click here for the 6 trades >>
 


See More Zacks Research for These Tickers


Normally $25 each - click below to receive one report FREE:


Capstar Financial (CSTR) - free report >>

Published in