Hancock Holding (NASDAQ:HBHC) – Stock analysts at FIG Partners boosted their Q1 2018 earnings per share (EPS) estimates for Hancock in a research report issued to clients and investors on Tuesday, according to Zacks Investment Research. FIG Partners analyst C. Marinac now forecasts that the financial services provider will earn $0.80 per share for the quarter, up from their prior forecast of $0.77. FIG Partners also issued estimates for Hancock’s Q2 2018 earnings at $0.84 EPS, Q3 2018 earnings at $0.89 EPS, FY2018 earnings at $3.44 EPS, Q1 2019 earnings at $0.87 EPS, Q2 2019 earnings at $0.91 EPS, Q3 2019 earnings at $0.96 EPS and FY2019 earnings at $3.70 EPS.
Hancock (NASDAQ:HBHC) last released its quarterly earnings results on Tuesday, October 17th. The financial services provider reported $0.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 period in the previous year, the company posted $0.59 EPS.
HBHC has been the subject of several other reports. SunTrust Banks reissued a “hold” rating and issued a $50.00 price target on shares of Hancock in a research report on Wednesday, October 4th. Zacks Investment Research lowered Hancock from a “hold” rating to a “sell” rating in a research report on Tuesday, September 19th. ValuEngine lowered Hancock from a “buy” rating to a “hold” rating in a research report on Friday, November 17th. Jefferies Group reaffirmed a “hold” rating and set a $52.00 target price on shares of Hancock in a research report on Thursday, October 12th. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and set a $52.00 target price on shares of Hancock in a research report on Thursday, October 5th. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $53.23.
Hancock (NASDAQ:HBHC) traded down $0.15 on Friday, hitting $53.75. The stock had a trading volume of 534,856 shares, compared to its average volume of 504,236. The company has a market cap of $4,591.25, a price-to-earnings ratio of 21.59, a price-to-earnings-growth ratio of 1.82 and a beta of 0.91. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.12. Hancock has a 52-week low of $41.05 and a 52-week high of $54.55.
The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Tuesday, December 5th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, December 4th. This represents a $0.96 annualized dividend and a yield of 1.79%. Hancock’s payout ratio is presently 38.55%.
In other Hancock news, 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 transaction of $144,984.84. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.15% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Hancock by 4.1% during the 2nd quarter. Vanguard Group Inc. now owns 7,524,104 shares of the financial services provider’s stock valued at $368,682,000 after purchasing an additional 294,346 shares during the last quarter. Macquarie Group Ltd. grew its stake in Hancock by 6.6% during the 3rd quarter. Macquarie Group Ltd. now owns 2,712,351 shares of the financial services provider’s stock valued at $131,414,000 after purchasing an additional 166,902 shares during the last quarter. Northern Trust Corp grew its stake in Hancock by 22.3% during the 2nd quarter. Northern Trust Corp now owns 1,659,620 shares of the financial services provider’s stock valued at $81,321,000 after purchasing an additional 302,101 shares during the last quarter. JPMorgan Chase & Co. grew its stake 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 last quarter. Finally, Ameriprise Financial Inc. grew its stake in Hancock by 5.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,360,353 shares of the financial services provider’s stock valued at $65,909,000 after purchasing an additional 66,884 shares during the last quarter. Institutional investors and hedge funds own 77.21% 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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