Hancock (NASDAQ:HBHC)‘s stock had its “buy” rating reiterated by analysts at Sandler O’Neill in a research report issued on Friday, January 19th. They currently have a $61.00 price target on the financial services provider’s stock. Sandler O’Neill’s price target points to a potential upside of 17.99% from the stock’s previous close.
Several other equities research analysts have also weighed in on HBHC. BidaskClub raised Hancock from a “hold” rating to a “buy” rating in a research report on Thursday, January 11th. SunTrust Banks reaffirmed a “hold” rating and set a $53.00 price target on shares of Hancock in a research report on Wednesday, November 29th. Jefferies Group reaffirmed a “hold” rating and set a $52.00 price target on shares of Hancock in a research report on Thursday, October 12th. ValuEngine lowered Hancock from a “buy” rating to a “hold” rating in a research report on Friday, November 17th. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and set a $52.00 price target on shares of Hancock in a research report on Thursday, October 5th. Five equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $56.75.
Shares of Hancock (NASDAQ HBHC) traded down $0.20 on Friday, hitting $51.70. The stock had a trading volume of 668,469 shares, compared to its average volume of 601,264. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.11. The stock has a market cap of $4,400.00, a PE ratio of 20.85, a PEG ratio of 1.70 and a beta of 1.02. Hancock has a fifty-two week low of $41.05 and a fifty-two week high of $56.20.
Hancock (NASDAQ:HBHC) last announced its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.03. Hancock had a return on equity of 8.96% and a net margin of 18.46%. The business had revenue of $277.74 million during the quarter, compared to analysts’ expectations of $282.68 million. During the same quarter last year, the business posted $0.64 EPS. research analysts forecast that Hancock will post 3.82 EPS for the current fiscal year.
In other Hancock news, Director Sonya C. Little sold 600 shares of the business’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $54.85, for a total transaction of $32,910.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Frank E. Bertucci sold 3,031 shares of the business’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $55.00, for a total value of $166,705.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,613 shares of company stock worth $398,000. Company insiders own 1.15% of the company’s stock.
Several large investors have recently modified their holdings of the company. BlackRock Inc. lifted its position in shares of Hancock by 2.5% in the fourth quarter. BlackRock Inc. now owns 9,162,787 shares of the financial services provider’s stock valued at $453,560,000 after acquiring an additional 223,920 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Hancock by 4.1% in the second quarter. Vanguard Group Inc. now owns 7,524,104 shares of the financial services provider’s stock valued at $368,682,000 after acquiring an additional 294,346 shares in the last quarter. Macquarie Group Ltd. lifted its position in shares of Hancock by 6.6% in the third quarter. Macquarie Group Ltd. now owns 2,712,351 shares of the financial services provider’s stock valued at $131,414,000 after acquiring an additional 166,902 shares in the last quarter. Northern Trust Corp lifted its position in shares of Hancock by 22.3% in the second quarter. Northern Trust Corp now owns 1,659,620 shares of the financial services provider’s stock valued at $81,321,000 after acquiring an additional 302,101 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Hancock by 1.0% in the third quarter. JPMorgan Chase & Co. now owns 1,622,960 shares of the financial services provider’s stock valued at $78,633,000 after acquiring an additional 16,814 shares in the last quarter. Institutional investors and hedge funds own 76.76% of the company’s stock.
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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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