Jefferies Group Weighs in on Hancock Holding’s Q1 2018 Earnings (HBHC)

Hancock Holding (NASDAQ:HBHC) – Investment analysts at Jefferies Group raised their Q1 2018 earnings estimates for shares of Hancock in a research report issued on Wednesday, April 4th. Jefferies Group analyst C. Haire now anticipates that the financial services provider will post earnings per share of $0.88 for the quarter, up from their previous estimate of $0.85.

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Several other brokerages also recently issued reports on HBHC. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $62.00 target price on shares of Hancock in a research note on Friday, January 19th. Sandler O’Neill reiterated a “buy” rating and issued a $61.00 target price on shares of Hancock in a research note on Friday, January 19th. SunTrust Banks reiterated a “hold” rating and issued a $59.00 target price on shares of Hancock in a research note on Friday, January 19th. BidaskClub upgraded shares of Hancock from a “hold” rating to a “buy” rating in a research note on Wednesday, March 14th. Finally, Zacks Investment Research upgraded shares of Hancock from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a research note on Tuesday, March 20th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $57.86.

Shares of NASDAQ:HBHC opened at $50.95 on Friday. Hancock has a 52-week low of $41.05 and a 52-week high of $56.40. The stock has a market capitalization of $4,568.85, a P/E ratio of 17.45, a PEG ratio of 1.72 and a beta of 1.01. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.81 and a quick ratio of 0.81.

Hancock (NASDAQ:HBHC) last announced its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.86 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.03. The company had revenue of $277.74 million during the quarter, compared to analysts’ expectations of $282.68 million. Hancock had a return on equity of 8.96% and a net margin of 18.46%. During the same quarter last year, the company earned $0.64 EPS.

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

In other Hancock news, Director Frank E. Bertucci sold 3,031 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The shares were 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 Securities & Exchange Commission, which is available through the SEC website. Also, Director Sonya C. Little sold 600 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $54.85, for a total transaction of $32,910.00. The disclosure for this sale can be found here. Insiders sold a total of 47,833 shares of company stock valued at $2,613,063 over the last quarter. 1.15% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of HBHC. Cerebellum GP LLC acquired a new stake in Hancock during the fourth quarter worth approximately $125,000. Signition LP acquired a new stake in Hancock during the fourth quarter worth approximately $224,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Hancock by 50.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,874 shares of the financial services provider’s stock worth $241,000 after acquiring an additional 1,626 shares during the last quarter. JOYN Advisors Inc. acquired a new stake in Hancock during the fourth quarter worth approximately $252,000. Finally, Virtu Financial LLC acquired a new stake in Hancock during the fourth quarter worth approximately $252,000. Hedge funds and other institutional investors own 77.41% of the company’s stock.

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About Hancock

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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