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.
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.
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%.
COPYRIGHT VIOLATION NOTICE: “Hancock Holding Expected to Post FY2018 Earnings of $3.85 Per Share (HBHC)” was first reported by Ticker Report and is the sole property of of Ticker Report. If you are viewing this news story on another domain, it was illegally copied and reposted in violation of U.S. and international copyright law. The legal version of this news story can be accessed at https://www.tickerreport.com/banking-finance/3336922/hancock-holding-expected-to-post-fy2018-earnings-of-3-85-per-share-hbhc.html.
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.
Receive News & Ratings for Hancock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hancock and related companies with MarketBeat.com's FREE daily email newsletter.