Analysts expect Hancock Holding Company (NASDAQ:HBHC) to post earnings of $0.74 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Hancock Holding’s earnings. The highest EPS estimate is $0.76 and the lowest is $0.71. Hancock Holding posted earnings of $0.59 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 25.4%. The firm is expected to announce its next quarterly earnings report on Tuesday, October 17th.
On average, analysts expect that Hancock Holding will report full-year earnings of $2.70 per share for the current financial year, with EPS estimates ranging from $2.65 to $2.73. For the next fiscal year, analysts forecast that the business will post earnings of $3.24 per share, with EPS estimates ranging from $3.03 to $3.35. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Hancock Holding.
Hancock Holding (NASDAQ:HBHC) last issued its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.68 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.68. Hancock Holding had a return on equity of 7.85% and a net margin of 18.91%. The business had revenue of $267.20 million for the quarter, compared to the consensus estimate of $265.03 million. During the same period last year, the business earned $0.59 EPS.
Several equities research analysts recently weighed in on the company. Zacks Investment Research downgraded Hancock Holding from a “buy” rating to a “hold” rating in a report on Monday, July 17th. 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. ValuEngine raised Hancock Holding from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. BidaskClub downgraded Hancock Holding from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Finally, Piper Jaffray Companies set a $52.00 price objective on Hancock Holding and gave the company a “buy” rating in a report on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $50.03.
Hancock Holding (HBHC) opened at 41.85 on Monday. Hancock Holding has a 52 week low of $31.12 and a 52 week high of $52.94. The company has a market capitalization of $3.55 billion, a P/E ratio of 17.47 and a beta of 0.87. The company has a 50 day moving average price of $44.59 and a 200-day moving average price of $46.48.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, September 5th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.29%. The ex-dividend date is Thursday, August 31st. Hancock Holding’s dividend payout ratio (DPR) is presently 40.00%.
In related news, insider Joseph S. Exnicios sold 3,369 shares of the business’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $46.27, for a total value of $155,883.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Cecil W. Knight, Jr. bought 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The stock was purchased at an average cost of $41.40 per share, with a total value of $82,800.00. The disclosure for this purchase can be found here. Over the last three months, insiders sold 17,909 shares of company stock valued at $827,307. Corporate insiders own 1.15% of the company’s stock.
A number of institutional investors have recently modified their holdings of HBHC. PNC Financial Services Group Inc. increased its position in Hancock Holding by 72.2% in the 1st 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 in the last quarter. Glen Harbor Capital Management LLC increased its position in Hancock Holding by 0.7% in the 1st 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 in the last quarter. Quantbot Technologies LP bought a new stake in Hancock Holding in the 1st quarter valued at about $118,000. Tyers Asset Management LLC increased its position in Hancock Holding by 0.7% in the 1st 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 in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Hancock Holding by 14.2% in the 2nd 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 in the last quarter. 77.00% of the stock is owned by institutional investors and hedge funds.
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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