Hancock Holding Expected to Post FY2018 Earnings of $3.85 Per Share (HBHC)

Hancock Holding (NASDAQ:HBHC) – Jefferies Group upped their FY2018 earnings per share (EPS) estimates for shares of Hancock in a report issued on Wednesday, April 4th. Jefferies Group analyst C. Haire now forecasts that the financial services provider will post earnings of $3.85 per share for the year, up from their prior estimate of $3.77. Jefferies Group also issued estimates for Hancock’s FY2019 earnings at $4.45 EPS.

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Other equities research analysts also recently issued research reports about the company. Sandler O’Neill upgraded Hancock from a “hold” rating to a “buy” rating in a research report on Thursday, January 4th. BidaskClub upgraded Hancock from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. Zacks Investment Research upgraded Hancock from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research report on Tuesday, December 19th. Keefe, Bruyette & Woods restated a “buy” rating and set a $62.00 price target on shares of Hancock in a research report on Friday, January 19th. Finally, ValuEngine upgraded Hancock from a “hold” rating to a “buy” rating in a research report on Tuesday, March 27th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Hancock currently has a consensus rating of “Buy” and a consensus target price of $57.86.

NASDAQ HBHC opened at $50.95 on Thursday. Hancock has a twelve month low of $41.05 and a twelve month high of $56.40. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.11. The stock has a market cap of $4,538.47, a price-to-earnings ratio of 17.45, a PEG ratio of 1.70 and a beta of 1.01.

Hancock (NASDAQ:HBHC) last released its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.86 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.03. Hancock had a return on equity of 8.96% and a net margin of 18.46%. The business had revenue of $277.74 million for the quarter, compared to the consensus estimate of $282.68 million. During the same quarter last year, the business posted $0.64 earnings per share.

A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. increased its holdings in Hancock by 2.5% during the 4th quarter. BlackRock Inc. now owns 9,162,787 shares of the financial services provider’s stock valued at $453,560,000 after purchasing an additional 223,920 shares during the period. Millennium Management LLC increased its holdings in Hancock by 22.2% during the 4th quarter. Millennium Management LLC now owns 2,793,185 shares of the financial services provider’s stock valued at $138,263,000 after purchasing an additional 507,259 shares during the period. JPMorgan Chase & Co. increased its holdings in Hancock by 1.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,622,960 shares of the financial services provider’s stock valued at $78,633,000 after purchasing an additional 16,814 shares during the period. The Manufacturers Life Insurance Company increased its holdings in Hancock by 1.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,183,841 shares of the financial services provider’s stock valued at $58,601,000 after purchasing an additional 17,705 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in Hancock by 0.6% during the 3rd quarter. Wells Fargo & Company MN now owns 936,245 shares of the financial services provider’s stock valued at $45,361,000 after purchasing an additional 5,285 shares during the period. Institutional investors own 77.41% of the company’s stock.

In related news, Director Frank E. Bertucci sold 3,031 shares of the business’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $55.00, for a total transaction of $166,705.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Joseph S. Exnicios sold 1,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $53.40, for a total value of $53,400.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 47,833 shares of company stock worth $2,613,063. Company insiders own 1.15% of the company’s stock.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Monday, March 5th were issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, March 2nd. This represents a $0.96 annualized dividend and a dividend yield of 1.88%. Hancock’s dividend payout ratio is currently 32.88%.

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Hancock Company Profile

Hancock Holding Company operates as the bank holding company for Whitney Bank that provides a range of community banking services to commercial, small business, and retail customers. The company offers various deposit products, including noninterest-bearing demand deposits, interest-bearing transaction accounts, savings accounts, money market deposit accounts, and time deposit accounts.

Earnings History and Estimates for Hancock (NASDAQ:HBHC)

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