Equities research analysts expect Hancock Holding (NASDAQ:HBHC) to post earnings per share (EPS) of $0.89 for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Hancock’s earnings. The lowest EPS estimate is $0.85 and the highest is $0.94. Hancock posted earnings of $0.63 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 41.3%. The business is expected to report its next quarterly earnings results on Tuesday, April 17th.
On average, analysts expect that Hancock will report full-year earnings of $3.81 per share for the current fiscal year, with EPS estimates ranging from $3.69 to $3.95. For the next fiscal year, analysts forecast that the firm will post earnings of $4.20 per share, with EPS estimates ranging from $4.04 to $4.34. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Hancock.
Hancock (NASDAQ:HBHC) last released its earnings results on Wednesday, January 17th. The financial services provider reported $0.86 earnings per share (EPS) 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 analysts’ expectations of $282.68 million. During the same period last year, the company earned $0.64 earnings per share.
In other news, insider Joseph S. Exnicios sold 1,000 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $53.40, for a total transaction of $53,400.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Samuel B. Kendricks sold 2,982 shares of the business’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $48.62, for a total transaction of $144,984.84. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,613 shares of company stock worth $398,000. 1.15% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Cerebellum GP LLC acquired a new position in shares of Hancock during the fourth quarter worth $125,000. PNC Financial Services Group Inc. lifted its position in shares of Hancock by 25.9% during the second quarter. PNC Financial Services Group Inc. now owns 2,820 shares of the financial services provider’s stock worth $137,000 after purchasing an additional 581 shares in the last quarter. Sabal Trust CO acquired a new position in shares of Hancock during the third quarter worth $216,000. Adviser Investments LLC acquired a new position in shares of Hancock during the third quarter worth $224,000. Finally, Quantbot Technologies LP lifted its position in shares of Hancock by 82.0% during the second quarter. Quantbot Technologies LP now owns 4,745 shares of the financial services provider’s stock worth $232,000 after purchasing an additional 2,138 shares in the last quarter. 77.15% of the stock is currently owned by institutional investors and hedge funds.
Shares of Hancock (NASDAQ HBHC) opened at $54.35 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.79 and a quick ratio of 0.79. Hancock has a 12-month low of $41.05 and a 12-month high of $56.20. The stock has a market cap of $4,629.58, a P/E ratio of 21.83, a P/E/G ratio of 1.78 and a beta of 1.02.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Monday, March 5th will be given a dividend of $0.24 per share. The ex-dividend date is Friday, March 2nd. This represents a $0.96 dividend on an annualized basis and a yield of 1.77%. Hancock’s dividend payout ratio (DPR) is 38.55%.
Hancock 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.
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