Wall Street brokerages forecast that Hancock Holding (NASDAQ:HBHC) will report $280.00 million in sales for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Hancock’s earnings. The highest sales estimate is $280.50 million and the lowest is $279.60 million. Hancock reported sales of $267.20 million in the same quarter last year, which indicates a positive year over year growth rate of 4.8%. The business is scheduled to report its next quarterly earnings report on Tuesday, July 17th.
On average, analysts expect that Hancock will report full-year sales of $1.15 billion for the current year, with estimates ranging from $1.14 billion to $1.15 billion. For the next financial year, analysts anticipate that the firm will report sales of $1.23 billion per share, with estimates ranging from $1.21 billion to $1.26 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Hancock.
Hancock (NASDAQ:HBHC) last posted its quarterly earnings results on Tuesday, April 17th. The financial services provider reported $0.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.02. The company had revenue of $271.92 million during the quarter, compared to analyst estimates of $281.70 million. Hancock had a net margin of 19.76% and a return on equity of 9.70%. During the same quarter in the prior year, the business earned $0.57 earnings per share.
Several equities analysts recently weighed in on the stock. SunTrust Banks reduced their price target on shares of Hancock to $54.00 and set a “hold” rating for the company in a research report on Thursday, April 19th. Keefe, Bruyette & Woods restated a “buy” rating and set a $60.00 price target on shares of Hancock in a research report on Thursday, April 19th. Zacks Investment Research lowered shares of Hancock from a “buy” rating to a “hold” rating in a research report on Wednesday, April 11th. ValuEngine lowered shares of Hancock from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Finally, BidaskClub lowered shares of Hancock from a “buy” rating to a “hold” rating in a research report on Tuesday, March 27th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $56.86.
In other Hancock news, insider Joy L. Phillips sold 14,630 shares of the stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $55.44, for a total transaction of $811,087.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James H. Horne sold 4,135 shares of the stock in a transaction dated Tuesday, May 15th. The stock was sold at an average price of $51.76, for a total transaction of $214,027.60. The disclosure for this sale can be found here. Insiders have sold 47,337 shares of company stock valued at $2,574,075 in the last quarter. Company insiders own 0.96% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Cerebellum GP LLC purchased a new stake in shares of Hancock in the fourth quarter worth about $125,000. Signition LP purchased a new stake in shares of Hancock in the fourth quarter worth about $224,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Hancock by 50.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,874 shares of the financial services provider’s stock worth $241,000 after buying an additional 1,626 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Hancock in the fourth quarter worth about $252,000. Finally, JOYN Advisors Inc. purchased a new stake in shares of Hancock in the fourth quarter worth about $252,000. 75.66% of the stock is currently owned by hedge funds and other institutional investors.
Hancock traded up $0.95, hitting $52.75, during trading on Friday, according to Marketbeat. 11,051 shares of the company traded hands, compared to its average volume of 594,555. The firm has a market cap of $4.42 billion, a P/E ratio of 18.07, a PEG ratio of 1.69 and a beta of 1.04. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.80 and a current ratio of 0.81. Hancock has a one year low of $41.05 and a one year high of $56.40.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Tuesday, June 5th will be given a dividend of $0.24 per share. The ex-dividend date is Monday, June 4th. This represents a $0.96 dividend on an annualized basis and a yield of 1.82%. Hancock’s dividend payout ratio is presently 32.88%.
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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