Hancock Holding (NASDAQ:HBHC) insider Joseph S. Exnicios sold 1,000 shares of Hancock stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $53.40, for a total transaction of $53,400.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of Hancock Holding (NASDAQ HBHC) traded up $0.45 during midday trading on Friday, reaching $53.90. The company’s stock had a trading volume of 412,820 shares, compared to its average volume of 558,502. The stock has a market capitalization of $4,591.26, a price-to-earnings ratio of 21.65, a price-to-earnings-growth ratio of 1.77 and a beta of 1.02. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.11. Hancock Holding has a 52 week low of $41.05 and a 52 week high of $56.20.
Hancock (NASDAQ:HBHC) last announced its earnings results on Wednesday, January 17th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.03. The company had revenue of $277.74 million for the quarter, compared to analyst estimates of $282.68 million. Hancock had a return on equity of 8.96% and a net margin of 18.46%. During the same quarter in the previous year, the company earned $0.64 earnings per share. analysts predict that Hancock Holding will post 3.82 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Monday, March 5th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend is Friday, March 2nd. Hancock’s dividend payout ratio is currently 38.55%.
Several research firms have recently commented on HBHC. BidaskClub lowered shares of Hancock from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Hovde Group raised shares of Hancock from a “market perform” rating to an “outperform” rating and set a $58.00 price target on the stock in a research report on Wednesday, December 27th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $62.00 price target on shares of Hancock in a research report on Friday, January 19th. Sandler O’Neill reissued a “buy” rating and issued a $61.00 target price on shares of Hancock in a research report on Friday, January 19th. Finally, SunTrust Banks reissued a “hold” rating and issued a $57.00 target price on shares of Hancock in a research report on Tuesday, January 9th. Five investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Hancock has an average rating of “Buy” and a consensus price target of $56.75.
Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its position in shares of Hancock by 2.5% during the fourth quarter. BlackRock Inc. now owns 9,162,787 shares of the financial services provider’s stock worth $453,560,000 after acquiring an additional 223,920 shares during the period. Vanguard Group Inc. increased its position in shares of Hancock by 4.1% during the second quarter. Vanguard Group Inc. now owns 7,524,104 shares of the financial services provider’s stock worth $368,682,000 after acquiring an additional 294,346 shares during the period. Millennium Management LLC grew its stake in shares of Hancock by 22.2% during the fourth quarter. Millennium Management LLC now owns 2,793,185 shares of the financial services provider’s stock worth $138,263,000 after purchasing an additional 507,259 shares in the last quarter. Macquarie Group Ltd. grew its stake in shares of Hancock by 6.6% during the third quarter. Macquarie Group Ltd. now owns 2,712,351 shares of the financial services provider’s stock worth $131,414,000 after purchasing an additional 166,902 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Hancock by 1.0% during the third quarter. JPMorgan Chase & Co. now owns 1,622,960 shares of the financial services provider’s stock worth $78,633,000 after purchasing an additional 16,814 shares in the last quarter. 76.76% of the stock is currently owned by institutional investors and hedge funds.
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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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