Hancock Holding Company (HBHC) Stock Rating Lowered by ValuEngine

ValuEngine cut shares of Hancock Holding Company (NASDAQ:HBHC) from a buy rating to a hold rating in a research report report published on Friday.

A number of other research analysts have also recently issued reports on HBHC. BidaskClub cut shares of Hancock Holding from a hold rating to a sell rating in a research note on Saturday, August 12th. Keefe, Bruyette & Woods set a $50.00 price objective on shares of Hancock Holding and gave the stock a hold rating in a research report on Friday, August 11th. Jefferies Group LLC restated a hold rating and issued a $52.00 price objective on shares of Hancock Holding in a research report on Thursday, October 12th. Piper Jaffray Companies set a $52.00 price objective on shares of Hancock Holding and gave the stock a buy rating in a research report on Thursday, August 24th. Finally, SunTrust Banks, Inc. restated a hold rating and issued a $50.00 price objective on shares of Hancock Holding in a research report on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $51.92.

Hancock Holding (HBHC) opened at $49.20 on Friday. Hancock Holding has a one year low of $39.75 and a one year high of $52.94. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.12. The stock has a market cap of $4,135.53, a P/E ratio of 17.92, a PEG ratio of 2.22 and a beta of 0.90.

Hancock Holding (NASDAQ:HBHC) last posted its earnings results on Tuesday, October 17th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Hancock Holding had a net margin of 19.08% and a return on equity of 8.27%. The company had revenue of $269.97 million during the quarter, compared to analysts’ expectations of $279.80 million. During the same quarter in the previous year, the company posted $0.59 earnings per share. sell-side analysts forecast that Hancock Holding will post 2.74 EPS for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Tuesday, December 5th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend is Monday, December 4th. Hancock Holding’s payout ratio is 38.55%.

In other Hancock Holding news, insider Cecil W. Knight, Jr. bought 2,000 shares of the company’s stock in a transaction on Thursday, September 7th. The stock was bought at an average price of $41.40 per share, for a total transaction of $82,800.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.15% of the company’s stock.

Institutional investors have recently modified their holdings of the business. PNC Financial Services Group Inc. raised its position in shares of Hancock Holding by 72.2% during 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 acquiring an additional 939 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Hancock Holding by 14.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,248 shares of the financial services provider’s stock valued at $159,000 after acquiring an additional 404 shares during the last quarter. Hayek Kallen Investment Management bought a new stake in shares of Hancock Holding during the 2nd quarter valued at $204,000. Canada Pension Plan Investment Board bought a new stake in shares of Hancock Holding during the 2nd quarter valued at $216,000. Finally, Sabal Trust CO bought a new stake in shares of Hancock Holding during the 3rd quarter valued at $216,000. Institutional investors own 75.35% of the company’s stock.

Hancock Holding Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Hancock Holding (NASDAQ:HBHC)

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