Hancock Holding (NASDAQ:HBHC) insider Samuel B. Kendricks sold 2,982 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $48.62, for a total value of $144,984.84. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of Hancock Holding (NASDAQ:HBHC) opened at $50.45 on Friday. The firm has a market capitalization of $4,280.00, a P/E ratio of 18.49, a PEG ratio of 2.29 and a beta of 0.91. Hancock Holding has a 52 week low of $40.95 and a 52 week high of $53.35. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.82 and a current ratio of 0.82.
Hancock (NASDAQ:HBHC) last released its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. The firm had revenue of $269.97 million during the quarter, compared to analyst estimates of $279.80 million. Hancock had a return on equity of 8.27% and a net margin of 19.08%. During the same quarter in the prior year, the firm posted $0.59 earnings per share. sell-side analysts forecast that Hancock Holding will post 2.74 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Tuesday, December 5th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, December 4th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.90%. Hancock’s dividend payout ratio is presently 38.55%.
Several analysts have issued reports on HBHC shares. Keefe, Bruyette & Woods set a $50.00 target price on Hancock and gave the stock a “hold” rating in a research note on Friday, August 11th. BidaskClub lowered Hancock from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. Piper Jaffray Companies set a $52.00 target price on Hancock and gave the stock a “buy” rating in a research note on Thursday, August 24th. Zacks Investment Research lowered Hancock from a “hold” rating to a “sell” rating in a research note on Tuesday, September 19th. Finally, SunTrust Banks reissued a “hold” rating and set a $50.00 price objective on shares of Hancock in a research note on Wednesday, October 4th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $52.25.
Several institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio raised its holdings in shares of Hancock by 1,071.2% during the third quarter. Public Employees Retirement System of Ohio now owns 41,085 shares of the financial services provider’s stock valued at $1,991,000 after acquiring an additional 37,577 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Hancock during the third quarter valued at approximately $304,000. Jane Street Group LLC bought a new position in shares of Hancock during the third quarter valued at approximately $779,000. Jacobs Asset Management LLC raised its holdings in shares of Hancock by 6.8% during the third quarter. Jacobs Asset Management LLC now owns 394,725 shares of the financial services provider’s stock valued at $19,125,000 after acquiring an additional 25,000 shares in the last quarter. Finally, Maltese Capital Management LLC bought a new position in shares of Hancock during the third quarter valued at approximately $3,280,000. Institutional investors own 77.23% of the company’s stock.
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Hancock Company Profile
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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