Shares of Hancock Holding (NASDAQ:HBHC) have been assigned an average rating of “Buy” from the eleven brokerages that are covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $56.75.
A number of analysts recently issued reports on the company. Zacks Investment Research upgraded Hancock from a “hold” rating to a “buy” rating and set a $56.00 price target 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 target 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, SunTrust Banks restated a “hold” rating and issued a $53.00 price target on shares of Hancock in a research report on Wednesday, November 29th.
In other Hancock news, insider Joseph S. Exnicios sold 1,000 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $53.40, for a total value of $53,400.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Samuel B. Kendricks sold 2,982 shares of the stock in a transaction on Monday, November 20th. The stock was sold at an average price of $48.62, for a total value of $144,984.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,613 shares of company stock worth $398,000. Insiders own 1.15% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. Cerebellum GP LLC purchased a new stake in Hancock in the fourth quarter worth $125,000. PNC Financial Services Group Inc. increased its stake in Hancock by 25.9% in the second quarter. PNC Financial Services Group Inc. now owns 2,820 shares of the financial services provider’s stock worth $137,000 after purchasing an additional 581 shares during the period. Sabal Trust CO purchased a new stake in Hancock in the third quarter worth $216,000. Signition LP purchased a new stake in Hancock in the fourth quarter worth $224,000. Finally, Adviser Investments LLC purchased a new stake in Hancock in the third quarter worth $224,000. Institutional investors and hedge funds own 76.76% of the company’s stock.
Hancock (NASDAQ:HBHC) traded up $0.45 during midday trading on Tuesday, hitting $53.90. The stock had a trading volume of 412,820 shares, compared to its average volume of 558,502. The company has a market cap of $4,591.26, a P/E ratio of 21.65, a P/E/G ratio of 1.77 and a beta of 1.02. Hancock has a 52-week low of $41.05 and a 52-week high of $56.20. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.11.
Hancock (NASDAQ:HBHC) last issued its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.03. The company had revenue of $277.74 million during the quarter, compared to the consensus estimate of $282.68 million. Hancock had a return on equity of 8.96% and a net margin of 18.46%. During the same period last year, the company earned $0.64 earnings per share. equities analysts expect that Hancock will post 3.82 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Monday, March 5th will be paid a $0.24 dividend. The ex-dividend date is Friday, March 2nd. This represents a $0.96 dividend on an annualized basis and a yield of 1.78%. Hancock’s payout ratio is 38.55%.
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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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