News coverage about Hancock (NASDAQ:HBHC) has trended somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Hancock earned a news sentiment score of 0.19 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 45.5146901557643 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
Shares of Hancock (HBHC) traded up $1.10 during trading on Thursday, reaching $53.10. 1,052,500 shares of the company’s stock were exchanged, compared to its average volume of 646,843. The stock has a market capitalization of $4,540.00, a PE ratio of 21.33, a PEG ratio of 1.88 and a beta of 0.91. Hancock has a 12 month low of $41.05 and a 12 month high of $54.13. 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 results on Tuesday, October 17th. The financial services provider reported $0.76 EPS for the quarter, beating the consensus estimate of $0.74 by $0.02. The business had revenue of $269.97 million for the quarter, compared to analyst estimates of $279.80 million. Hancock had a net margin of 19.08% and a return on equity of 8.27%. During the same period in the prior year, the business earned $0.59 earnings per share. research analysts predict that Hancock will post 2.74 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Tuesday, December 5th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, December 4th. This represents a $0.96 dividend on an annualized basis and a yield of 1.81%. Hancock’s dividend payout ratio (DPR) is currently 38.55%.
Several equities analysts have commented on the stock. ValuEngine downgraded shares of Hancock from a “buy” rating to a “hold” rating in a research note on Friday, November 17th. BidaskClub upgraded shares of Hancock from a “hold” rating to a “buy” rating in a research note on Friday, December 22nd. SunTrust Banks restated a “hold” rating and issued a $57.00 price objective on shares of Hancock in a research note on Tuesday. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $52.00 target price on shares of Hancock in a report on Thursday, October 5th. Finally, Zacks Investment Research cut shares of Hancock from a “hold” rating to a “sell” rating in a report on Friday, October 6th. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $53.23.
In other Hancock news, insider Samuel B. Kendricks sold 2,982 shares of the stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $48.62, for a total transaction of $144,984.84. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.15% of the stock is currently owned by company insiders.
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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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