Hancock Holding Co. (NASDAQ:HBHC) – Stock analysts at Jefferies Group cut their Q3 2016 EPS estimates for shares of Hancock Holding in a research note issued to investors on Tuesday. Jefferies Group analyst E. Harmon now anticipates that the brokerage will earn $0.56 per share for the quarter, down from their prior estimate of $0.59. Jefferies Group currently has a “Hold” rating and a $28.00 target price on the stock. Jefferies Group also issued estimates for Hancock Holding’s Q4 2016 earnings at $0.60 EPS, FY2016 earnings at $1.87 EPS, Q4 2017 earnings at $0.68 EPS and FY2018 earnings at $3.00 EPS.
A number of other equities analysts have also weighed in on the company. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Hancock Holding in a research note on Wednesday. Zacks Investment Research lowered Hancock Holding from a “buy” rating to a “hold” rating in a research note on Monday, September 26th. SunTrust Banks Inc. lowered Hancock Holding from a “buy” rating to a “neutral” rating and set a $34.00 price objective on the stock. in a research note on Monday, September 19th. Hovde Group boosted their price objective on Hancock Holding from $27.00 to $32.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 26th. Finally, Piper Jaffray Cos. restated a “neutral” rating and issued a $29.00 target price (up previously from $27.50) on shares of Hancock Holding in a research report on Sunday, July 24th. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $29.57.
Shares of Hancock Holding (NASDAQ:HBHC) traded up 1.53% during midday trading on Friday, reaching $32.59. The company had a trading volume of 134,713 shares. The company has a market capitalization of $2.53 billion, a P/E ratio of 24.18 and a beta of 0.87. The company’s 50 day moving average price is $32.22 and its 200-day moving average price is $28.01. Hancock Holding has a 52 week low of $20.01 and a 52 week high of $33.39.
Hancock Holding (NASDAQ:HBHC) last issued its quarterly earnings data on Wednesday, July 20th. The financial services provider reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.14. Hancock Holding had a return on equity of 4.53% and a net margin of 11.20%. The company had revenue of $229 million for the quarter, compared to the consensus estimate of $229.18 million. During the same quarter last year, the company earned $0.51 earnings per share. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Tuesday, September 6th were issued a $0.24 dividend. The ex-dividend date of this dividend was Thursday, September 1st. This represents a $0.96 annualized dividend and a dividend yield of 2.99%. Hancock Holding’s dividend payout ratio is presently 71.11%.
In related news, EVP Stephen E. Barker sold 2,550 shares of the business’s stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $29.45, for a total value of $75,097.50. Following the sale, the executive vice president now owns 9,966 shares in the company, valued at approximately $293,498.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider George A. Schloegel acquired 4,633 shares of the business’s stock in a transaction that occurred on Thursday, August 4th. The stock was purchased at an average price of $28.64 per share, for a total transaction of $132,689.12. Following the acquisition, the insider now directly owns 257,351 shares in the company, valued at approximately $7,370,532.64. The disclosure for this purchase can be found here. 1.45% of the stock is owned by corporate insiders.
Large investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio increased its stake in Hancock Holding by 8.5% in the second quarter. Public Employees Retirement System of Ohio now owns 4,360 shares of the financial services provider’s stock valued at $114,000 after buying an additional 340 shares in the last quarter. LS Investment Advisors LLC boosted its position in Hancock Holding by 77.0% in the second quarter. LS Investment Advisors LLC now owns 4,690 shares of the financial services provider’s stock valued at $122,000 after buying an additional 2,041 shares during the last quarter. Bank of Montreal Can bought a new position in Hancock Holding during the second quarter valued at approximately $142,000. Meeder Asset Management Inc. bought a new position in Hancock Holding during the first quarter valued at approximately $142,000. Finally, Hilton Capital Management LLC bought a new position in Hancock Holding during the third quarter valued at approximately $242,000. Hedge funds and other institutional investors own 81.16% of the company’s stock.
Hancock Holding Company Profile
Hancock Holding Company (Hancock) is a financial services company that provides a network of service financial choices to the Gulf South region through its bank subsidiary, Whitney Bank, a Mississippi state bank. The Company operates through overall banking operations segment. Whitney Bank operates under brands, such as Hancock Bank in Mississippi, Alabama and Florida and Whitney Bank in Louisiana and Texas.
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