Hancock (NASDAQ:HBHC) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of Hancock (NASDAQ:HBHC) from a hold rating to a buy rating in a research note released on Wednesday, March 14th.

A number of other analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Hancock from a strong-buy rating to a hold rating in a report on Tuesday, February 27th. Keefe, Bruyette & Woods reissued a buy rating and issued a $62.00 price objective on shares of Hancock in a research note on Friday, January 19th. SunTrust Banks reissued a hold rating and issued a $59.00 price objective on shares of Hancock in a research note on Friday, January 19th. Sandler O’Neill reaffirmed a buy rating and set a $61.00 price target on shares of Hancock in a research note on Friday, January 19th. Finally, Hovde Group raised shares of Hancock from a market perform rating to an outperform rating and set a $58.00 price target for the company in a research note on Wednesday, December 27th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $57.86.

How to Become a New Pot Stock Millionaire

Shares of HBHC stock traded down $1.70 on Wednesday, hitting $50.95. 579,117 shares of the stock traded hands, compared to its average volume of 558,983. The company has a market capitalization of $4,568.85, a price-to-earnings ratio of 17.45, a PEG ratio of 1.72 and a beta of 1.01. Hancock has a 52 week low of $41.05 and a 52 week high of $56.40. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.81 and a quick ratio of 0.81.

Hancock (NASDAQ:HBHC) last announced its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.86 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.03. The firm had revenue of $277.74 million for the quarter, compared to the consensus estimate of $282.68 million. Hancock had a net margin of 18.46% and a return on equity of 8.96%. During the same period last year, the firm earned $0.64 EPS. equities research analysts expect that Hancock will post 3.84 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Monday, March 5th were issued a $0.24 dividend. The ex-dividend date was Friday, March 2nd. This represents a $0.96 annualized dividend and a dividend yield of 1.88%. Hancock’s dividend payout ratio is currently 32.88%.

In other Hancock news, Director Frank E. Bertucci sold 3,031 shares of the business’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $55.00, for a total transaction of $166,705.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Stephen E. Barker sold 3,572 shares of the business’s stock in a transaction that occurred on Wednesday, March 14th. The stock was sold at an average price of $55.70, for a total transaction of $198,960.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 47,833 shares of company stock valued at $2,613,063. Company insiders own 1.15% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. grew its position in Hancock by 2.5% during the 4th quarter. BlackRock Inc. now owns 9,162,787 shares of the financial services provider’s stock worth $453,560,000 after purchasing an additional 223,920 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Hancock by 22.2% in the 4th quarter. Millennium Management LLC now owns 2,793,185 shares of the financial services provider’s stock valued at $138,263,000 after acquiring an additional 507,259 shares during the last quarter. Macquarie Group Ltd. boosted its holdings in shares of Hancock by 6.6% in 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 acquiring an additional 166,902 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Hancock by 1.0% in 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 acquiring an additional 16,814 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Hancock by 5.2% in 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 acquiring an additional 66,884 shares during the last quarter. 77.41% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION WARNING: This story was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this story on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this story can be viewed at https://www.dispatchtribunal.com/2018/04/07/hancock-hbhc-stock-rating-upgraded-by-bidaskclub.html.

About Hancock

Hancock Holding Company operates as the bank holding company for Whitney Bank that provides a range of community banking services to commercial, small business, and retail customers. The company offers various deposit products, including noninterest-bearing demand deposits, interest-bearing transaction accounts, savings accounts, money market deposit accounts, and time deposit accounts.

Analyst Recommendations for Hancock (NASDAQ:HBHC)

Receive News & Ratings for Hancock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hancock and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply