Hancock Holding Company (NASDAQ:HBHC) Director Randall W. Hanna sold 2,300 shares of the stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $43.93, for a total transaction of $101,039.00. The sale was disclosed in a filing with the SEC, which is available through this link.
Hancock Holding Company (HBHC) opened at 43.35 on Monday. The firm’s 50-day moving average is $47.43 and its 200-day moving average is $46.83. The firm has a market capitalization of $3.67 billion, a P/E ratio of 18.09 and a beta of 0.85. Hancock Holding Company has a 52-week low of $29.86 and a 52-week high of $52.94.
Hancock Holding (NASDAQ:HBHC) last released its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.68 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.68. The company had revenue of $267.20 million for the quarter, compared to analysts’ expectations of $265.03 million. Hancock Holding had a return on equity of 7.85% and a net margin of 18.91%. During the same period in the previous year, the business posted $0.59 earnings per share. On average, equities analysts expect that Hancock Holding Company will post $2.71 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, September 5th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend is Thursday, August 31st. Hancock Holding’s dividend payout ratio (DPR) is currently 40.00%.
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Several hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its stake in shares of Hancock Holding by 72.2% in the first quarter. PNC Financial Services Group Inc. now owns 2,239 shares of the financial services provider’s stock valued at $101,000 after buying an additional 939 shares during the last quarter. Glen Harbor Capital Management LLC boosted its stake in shares of Hancock Holding by 0.7% in the first quarter. Glen Harbor Capital Management LLC now owns 2,272 shares of the financial services provider’s stock valued at $103,000 after buying an additional 16 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Hancock Holding during the first quarter valued at approximately $118,000. Tyers Asset Management LLC boosted its stake in shares of Hancock Holding by 0.7% in the first quarter. Tyers Asset Management LLC now owns 3,124 shares of the financial services provider’s stock valued at $142,000 after buying an additional 22 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Hancock Holding by 14.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,248 shares of the financial services provider’s stock valued at $159,000 after buying an additional 404 shares during the last quarter. Institutional investors own 77.36% of the company’s stock.
HBHC has been the topic of a number of research analyst reports. Jefferies Group LLC reissued a “hold” rating and set a $51.00 price objective on shares of Hancock Holding in a report on Friday, July 14th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $47.00 price objective on shares of Hancock Holding in a report on Thursday, April 20th. Zacks Investment Research raised shares of Hancock Holding from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a report on Tuesday, July 18th. Stephens reissued a “hold” rating on shares of Hancock Holding in a report on Friday, April 28th. Finally, BidaskClub lowered shares of Hancock Holding from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $49.78.
About Hancock Holding
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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