Hancock Holding (NASDAQ:HBHC) insider Joy L. Phillips sold 14,630 shares of Hancock stock in a transaction on Monday, March 12th. The stock was sold at an average price of $55.44, for a total transaction of $811,087.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Hancock Holding (NASDAQ:HBHC) opened at $55.70 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.11. The firm has a market cap of $4,752.86, a PE ratio of 19.03, a P/E/G ratio of 1.83 and a beta of 1.03. Hancock Holding has a fifty-two week low of $41.05 and a fifty-two week high of $56.20.
Hancock (NASDAQ:HBHC) last issued its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.86 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.03. The company had revenue of $277.74 million for the quarter, compared to the consensus estimate of $282.68 million. Hancock had a net margin of 18.46% and a return on equity of 8.96%. During the same period in the previous year, the firm earned $0.64 EPS. analysts predict that Hancock Holding will post 3.82 earnings per share for the current fiscal year.
A number of research firms have issued reports on HBHC. Zacks Investment Research downgraded shares of Hancock from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 27th. BidaskClub downgraded shares of Hancock from a “buy” rating to a “hold” rating in a report on Thursday, January 25th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $62.00 price objective on shares of Hancock in a report on Friday, January 19th. SunTrust Banks reaffirmed a “hold” rating and set a $59.00 price objective on shares of Hancock in a report on Friday, January 19th. Finally, Sandler O’Neill reaffirmed a “buy” rating and set a $61.00 price objective on shares of Hancock in a report on Friday, January 19th. Six equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Hancock currently has an average rating of “Buy” and an average price target of $56.75.
Several large investors have recently modified their holdings of HBHC. Millennium Management LLC boosted its holdings in shares of Hancock by 22.2% in the 4th quarter. Millennium Management LLC now owns 2,793,185 shares of the financial services provider’s stock worth $138,263,000 after buying an additional 507,259 shares during the last quarter. Deutsche Bank AG boosted its holdings in shares of Hancock by 80.9% in the 4th quarter. Deutsche Bank AG now owns 719,600 shares of the financial services provider’s stock worth $35,617,000 after buying an additional 321,726 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Hancock by 2.5% in the 4th quarter. BlackRock Inc. now owns 9,162,787 shares of the financial services provider’s stock worth $453,560,000 after buying an additional 223,920 shares during the last quarter. Macquarie Group Ltd. boosted its holdings in shares of Hancock by 6.6% in the 3rd quarter. Macquarie Group Ltd. now owns 2,712,351 shares of the financial services provider’s stock worth $131,414,000 after buying an additional 166,902 shares during the last quarter. Finally, Cramer Rosenthal Mcglynn LLC boosted its holdings in shares of Hancock by 12.8% in the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 1,309,781 shares of the financial services provider’s stock worth $63,459,000 after buying an additional 148,778 shares during the last quarter. 77.52% of the stock is currently owned by institutional investors.
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Hancock Holding Company is a financial services company that provides a network of service financial choices to the Gulf South region, through its bank subsidiary, Whitney Bank (the Bank), a Mississippi state bank. The Company operates through overall banking operations segment. The Bank operates under brands, such as Hancock Bank in Mississippi, Alabama and Florida, and Whitney Bank in Louisiana and Texas.
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