Craig-Hallum analyst George Sutton reiterated a Buy rating and $18.00 price target on Green Dot (NYSE: GDOT)

The analyst commented, "After the close yesterday, Green Dot posted solid Q4 results that, now for the 4th consecutive time, beat our estimates. While the release was originally planned for March 12th, finalization of the annual audit resulted in a modest delay, which we think was largely related to the pending transaction. With the stock down 7% in the last two trading days, we do think the delay caused some worry among investors. With the solid numbers/10-K now out, we think investors can turn back to the fundamentals, where we continue to see an opportunity given that the current stock ($10.65) indicates a ~0.68x TBV multiple on the combined entity."

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Shares of Green Dot closed at $10.65 yesterday.