Zurcher Kantonalbank Zurich Cantonalbank Increases Holdings in Green Dot Co. (NYSE:GDOT)

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Green Dot Co. (NYSE:GDOT) by 32.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,772 shares of the financial services provider’s stock after buying an additional 3,581 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Green Dot were worth $146,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. SG Americas Securities LLC lifted its holdings in Green Dot by 4.9% in the fourth quarter. SG Americas Securities LLC now owns 27,367 shares of the financial services provider’s stock valued at $271,000 after acquiring an additional 1,285 shares during the last quarter. TD Asset Management Inc grew its holdings in shares of Green Dot by 7.5% during the 3rd quarter. TD Asset Management Inc now owns 20,000 shares of the financial services provider’s stock worth $279,000 after purchasing an additional 1,400 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of Green Dot by 39.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 7,352 shares of the financial services provider’s stock worth $73,000 after purchasing an additional 2,074 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Green Dot by 65.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 6,152 shares of the financial services provider’s stock valued at $86,000 after buying an additional 2,434 shares during the period. Finally, Moody National Bank Trust Division lifted its position in Green Dot by 23.0% in the fourth quarter. Moody National Bank Trust Division now owns 14,391 shares of the financial services provider’s stock valued at $142,000 after buying an additional 2,695 shares during the last quarter. 92.56% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Green Dot

In other Green Dot news, insider Principal Co Lp Starboard sold 150,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $8.17, for a total transaction of $1,225,500.00. Following the completion of the transaction, the insider now owns 276,595 shares in the company, valued at approximately $2,259,781.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Green Dot news, CRO Christian Devin Ruppel bought 33,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was purchased at an average price of $9.06 per share, for a total transaction of $298,980.00. Following the completion of the purchase, the executive now directly owns 101,715 shares in the company, valued at $921,537.90. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Principal Co Lp Starboard sold 150,000 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $8.17, for a total transaction of $1,225,500.00. Following the completion of the transaction, the insider now owns 276,595 shares in the company, valued at $2,259,781.15. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

Green Dot Stock Down 0.3 %

NYSE:GDOT opened at $9.24 on Thursday. The company has a market cap of $488.15 million, a price-to-earnings ratio of 71.08 and a beta of 1.03. Green Dot Co. has a 52 week low of $7.30 and a 52 week high of $21.37. The company has a fifty day simple moving average of $8.75 and a two-hundred day simple moving average of $9.11.

Green Dot (NYSE:GDOT) last issued its quarterly earnings results on Tuesday, February 27th. The financial services provider reported $0.04 earnings per share for the quarter, hitting the consensus estimate of $0.04. The company had revenue of $361.72 million for the quarter, compared to the consensus estimate of $350.14 million. Green Dot had a return on equity of 6.78% and a net margin of 0.45%. On average, analysts expect that Green Dot Co. will post 0.9 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. StockNews.com downgraded shares of Green Dot from a “hold” rating to a “sell” rating in a research note on Thursday, May 2nd. TheStreet cut Green Dot from a “c-” rating to a “d” rating in a research note on Thursday, February 1st. Keefe, Bruyette & Woods dropped their price objective on Green Dot from $12.50 to $11.00 and set a “market perform” rating for the company in a research note on Friday, April 5th. Finally, Truist Financial increased their target price on Green Dot from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $10.75.

About Green Dot

Green Dot Corporation, a financial technology and registered bank holding company, provides various financial services to consumers and businesses in the United States. It operates through three segments: Consumer Services, Business to Business Services, and Money Movement Services. The company provides deposit account programs, including consumer and small business checking account products, network-branded reloadable prepaid debit cards and gift cards, and secured credit programs.