UPDATE: Keefe, Bruyette & Woods Initiates Coverage On Green Bancorp On Multiple Positive Factors

In a report published Wednesday, Keefe, Bruyette & Woods analyst Brady Gailey initiated coverage on

with an Outperform rating and $20.00 price target. In the report, Keefe, Bruyette & Woods noted, “We are initiating coverage of Green Bancorp, Inc. with an Outperform rating and $20.00 price target. We like Green's attractive Texas geographies, upside to earnings over time via strong organic growth and possible acquisitions, its nicely asset sensitive balance sheet into rising rates in 2015/2016, and finally the longer-term possibility of a partnership with a larger company looking for an attractive Texas footprint. With these positive catalysts and a 16% expected return over the next year, we rate GNBC shares Outperform.” Green Bancorp Inc closed on Tuesday at $17.19.