Hancock (NASDAQ:HBHC)‘s stock had its “hold” rating reiterated by investment analysts at SunTrust Banks in a research report issued on Tuesday. They currently have a $57.00 price target on the financial services provider’s stock. SunTrust Banks’ price objective suggests a potential upside of 7.34% from the company’s previous close. SunTrust Banks also issued estimates for Hancock’s Q1 2018 earnings at $0.83 EPS, Q2 2018 earnings at $0.93 EPS, Q3 2018 earnings at $0.96 EPS, Q4 2018 earnings at $0.95 EPS, FY2018 earnings at $3.68 EPS and FY2019 earnings at $4.08 EPS.
HBHC has been the subject of several other reports. Zacks Investment Research upgraded Hancock from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research report on Tuesday, December 19th. BidaskClub downgraded Hancock from a “buy” rating to a “hold” rating in a research report on Friday, December 29th. Hovde Group upgraded Hancock from a “market perform” rating to an “outperform” rating and set a $58.00 price objective for the company in a research report on Wednesday, December 27th. Sandler O’Neill upgraded Hancock from a “hold” rating to a “buy” rating in a research report on Thursday, January 4th. Finally, Jefferies Group restated a “hold” rating and set a $52.00 price objective on shares of Hancock in a research report on Thursday, October 12th. Six research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $53.23.
Hancock (NASDAQ HBHC) opened at $53.10 on Tuesday. 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 has a 12-month low of $41.05 and a 12-month high of $54.13. The stock has a market capitalization of $4,540.00, a P/E ratio of 21.33, a P/E/G ratio of 1.88 and a beta of 0.91.
Hancock (NASDAQ:HBHC) last issued its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.02. Hancock had a return on equity of 8.27% and a net margin of 19.08%. The firm had revenue of $269.97 million during the quarter, compared to the consensus estimate of $279.80 million. During the same period in the previous year, the firm posted $0.59 EPS. analysts predict that Hancock will post 2.74 earnings per share for the current fiscal year.
In other Hancock news, insider Samuel B. Kendricks sold 2,982 shares of Hancock stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $48.62, for a total value of $144,984.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.15% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in HBHC. Schwab Charles Investment Management Inc. grew its stake in Hancock by 6.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 524,821 shares of the financial services provider’s stock worth $25,717,000 after acquiring an additional 32,365 shares during the period. Marshall Wace North America L.P. purchased a new stake in Hancock in the 2nd quarter worth approximately $753,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Hancock by 14.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,248 shares of the financial services provider’s stock worth $159,000 after acquiring an additional 404 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in Hancock by 17.8% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 7,087 shares of the financial services provider’s stock worth $347,000 after acquiring an additional 1,070 shares during the period. Finally, Principal Financial Group Inc. grew its stake in Hancock by 4.6% in the 2nd quarter. Principal Financial Group Inc. now owns 361,366 shares of the financial services provider’s stock worth $17,706,000 after acquiring an additional 15,886 shares during the period. 77.21% of the stock is owned by hedge funds and other institutional investors.
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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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