Hancock (NASDAQ:HBHC) is scheduled to be announcing its earnings results after the market closes on Tuesday, April 17th. Analysts expect the company to announce earnings of $0.85 per share for the quarter.
Hancock (NASDAQ:HBHC) last posted its earnings results on Wednesday, January 17th. The financial services provider reported $0.86 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.03. Hancock had a net margin of 18.46% and a return on equity of 8.96%. The business had revenue of $277.74 million for the quarter, compared to analyst estimates of $282.68 million. During the same quarter in the prior year, the firm earned $0.64 EPS. On average, analysts expect Hancock to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of NASDAQ:HBHC opened at $51.25 on Tuesday. Hancock has a 12 month low of $41.05 and a 12 month high of $56.40. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market cap of $4,421.32, a price-to-earnings ratio of 17.55, a P/E/G ratio of 1.66 and a beta of 1.01.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Monday, March 5th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend was Friday, March 2nd. Hancock’s dividend payout ratio is currently 32.88%.
In other Hancock news, EVP Stephen E. Barker sold 3,572 shares of the company’s stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $55.70, for a total transaction of $198,960.40. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Sonya C. Little sold 600 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $54.85, for a total transaction of $32,910.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 47,833 shares of company stock worth $2,613,063. Insiders own 1.15% of the company’s stock.
A number of brokerages have commented on HBHC. ValuEngine raised shares of Hancock from a “hold” rating to a “buy” rating in a report on Tuesday, March 27th. BidaskClub lowered shares of Hancock from a “buy” rating to a “hold” rating in a report on Tuesday, March 27th. Zacks Investment Research raised shares of Hancock from a “hold” rating to a “buy” rating and set a $61.00 price objective on the stock in a report on Tuesday, March 20th. Finally, Hovde Group raised shares of Hancock from a “market perform” rating to an “outperform” rating and set a $58.00 price objective on the stock in a report on Wednesday, December 27th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Hancock has an average rating of “Buy” and an average target price of $57.86.
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Hancock Company Profile
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.
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