Hancock Holding Co. (NASDAQ:HBHC) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, October 18th. Analysts expect the company to announce earnings of $0.58 per share for the quarter.
Hancock Holding (NASDAQ:HBHC) last announced its quarterly earnings results on Wednesday, July 20th. The financial services provider reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.14. The firm earned $229 million during the quarter, compared to analysts’ expectations of $229.18 million. Hancock Holding had a net margin of 11.20% and a return on equity of 4.53%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.51 earnings per share. On average, analysts expect Hancock Holding to post $1.84 EPS for the current fiscal year and $2.35 EPS for the next fiscal year.
In other news, EVP Stephen E. Barker sold 2,550 shares of the firm’s stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $29.45, for a total transaction of $75,097.50. Following the sale, the executive vice president now owns 9,966 shares in the company, valued at $293,498.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider George A. Schloegel acquired 4,633 shares of the firm’s stock in a transaction dated Thursday, August 4th. The shares were acquired 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 of the company’s stock, valued at $7,370,532.64. The disclosure for this purchase can be found here. Insiders own 1.45% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Raymond James & Associates acquired a new stake in Hancock Holding during the second quarter valued at about $269,000. Sei Investments Co. boosted its stake in Hancock Holding by 18.1% in the second quarter. Sei Investments Co. now owns 10,360 shares of the financial services provider’s stock valued at $271,000 after buying an additional 1,586 shares during the period. Barclays PLC boosted its stake in Hancock Holding by 1,490.5% in the second quarter. Barclays PLC now owns 13,726 shares of the financial services provider’s stock valued at $358,000 after buying an additional 12,863 shares during the period. Summit Securities Group LLC acquired a new stake in Hancock Holding during the second quarter valued at about $453,000. Finally, Profund Advisors LLC boosted its stake in Hancock Holding by 16.0% in the second quarter. Profund Advisors LLC now owns 17,732 shares of the financial services provider’s stock valued at $463,000 after buying an additional 2,447 shares during the period. Institutional investors and hedge funds own 81.13% of the company’s stock.
Several equities analysts recently weighed in on the company. Jefferies Group reaffirmed a “hold” rating and issued a $28.00 price objective on shares of Hancock Holding in a research note on Thursday, July 7th. Zacks Investment Research upgraded Hancock Holding from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a report on Tuesday, July 26th. Piper Jaffray Cos. reiterated a “neutral” rating and set a $29.00 target price (up previously from $27.50) on shares of Hancock Holding in a report on Sunday, July 24th. Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Hancock Holding in a report on Wednesday, October 12th. Finally, TheStreet upgraded Hancock Holding from a “hold” rating to a “buy” rating in a report on Thursday, July 14th. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Hancock Holding currently has an average rating of “Hold” and a consensus price target of $29.57.
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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