Bank of America Corp DE Acquires 30,677 Shares of Green Brick Partners, Inc. (NASDAQ:GRBK)

Bank of America Corp DE raised its stake in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 52.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 89,055 shares of the financial services provider's stock after buying an additional 30,677 shares during the period. Bank of America Corp DE owned approximately 0.20% of Green Brick Partners worth $5,031,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Sterling Capital Management LLC increased its holdings in shares of Green Brick Partners by 758.8% in the fourth quarter. Sterling Capital Management LLC now owns 730 shares of the financial services provider's stock valued at $41,000 after buying an additional 645 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Green Brick Partners in the fourth quarter valued at $57,000. Nisa Investment Advisors LLC raised its stake in Green Brick Partners by 26.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,396 shares of the financial services provider's stock valued at $79,000 after purchasing an additional 289 shares during the period. Covestor Ltd raised its stake in Green Brick Partners by 10,460.0% during the 4th quarter. Covestor Ltd now owns 1,584 shares of the financial services provider's stock valued at $90,000 after purchasing an additional 1,569 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake in Green Brick Partners by 207.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,702 shares of the financial services provider's stock valued at $96,000 after purchasing an additional 1,149 shares during the period. Institutional investors own 78.24% of the company's stock.

Green Brick Partners Stock Down 2.4%

NASDAQ:GRBK traded down $1.39 during trading hours on Monday, hitting $57.07. 28,884 shares of the stock traded hands, compared to its average volume of 368,159. The firm has a 50 day moving average price of $58.36 and a 200 day moving average price of $60.27. The company has a current ratio of 7.57, a quick ratio of 0.63 and a debt-to-equity ratio of 0.20. Green Brick Partners, Inc. has a fifty-two week low of $50.57 and a fifty-two week high of $84.66. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of 7.40 and a beta of 1.94.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $1.67 EPS for the quarter, missing the consensus estimate of $1.70 by ($0.03). Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. During the same quarter in the previous year, the firm earned $1.82 EPS. The company's revenue was up 11.2% compared to the same quarter last year. Equities research analysts anticipate that Green Brick Partners, Inc. will post 8.34 earnings per share for the current year.

Analyst Ratings Changes

Separately, Wedbush reissued a "neutral" rating and set a $70.00 target price on shares of Green Brick Partners in a research note on Friday, February 28th.

Green Brick Partners Company Profile

Green Brick Partners, Inc is a diversified homebuilding and land development company in the United States. The company operates through three segments: Builder operations Central, Builder operations Southeast, and Land Development. The Builder operations Central segment operates builders in Texas; and the closing and delivery of homes.