Zacks: Brokerages Expect Hancock Holding (HBHC) Will Post Quarterly Sales of $281.83 Million

Equities analysts expect that Hancock Holding (NASDAQ:HBHC) will post sales of $281.83 million for the current quarter, according to Zacks. Four analysts have issued estimates for Hancock’s earnings, with the highest sales estimate coming in at $284.80 million and the lowest estimate coming in at $279.90 million. Hancock posted sales of $245.18 million in the same quarter last year, which suggests a positive year-over-year growth rate of 14.9%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, April 17th.

On average, analysts expect that Hancock will report full year sales of $281.83 million for the current year, with estimates ranging from $1.18 billion to $1.20 billion. For the next year, analysts anticipate that the business will post sales of $1.26 billion per share, with estimates ranging from $1.25 billion to $1.28 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Hancock.

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Hancock (NASDAQ:HBHC) last released its earnings results on Wednesday, January 17th. The financial services provider reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.03. The company had revenue of $277.74 million for the quarter, compared to analysts’ expectations of $282.68 million. Hancock had a net margin of 18.46% and a return on equity of 8.96%. During the same quarter in the previous year, the company earned $0.64 EPS.

HBHC has been the topic of several research analyst reports. ValuEngine cut shares of Hancock from a “buy” rating to a “hold” rating in a research note on Friday, November 17th. BidaskClub upgraded shares of Hancock from a “hold” rating to a “buy” rating in a research note on Friday, December 22nd. Sandler O’Neill reiterated a “buy” rating and issued a $61.00 price target on shares of Hancock in a research note on Friday, January 19th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $62.00 price target on shares of Hancock in a research note on Friday, January 19th. Finally, SunTrust Banks reiterated a “hold” rating and issued a $59.00 price target on shares of Hancock in a research note on Friday, January 19th. Six equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Hancock presently has an average rating of “Buy” and a consensus target price of $56.75.

In other news, Director Robert W. Roseberry sold 25,000 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $54.00, for a total value of $1,350,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Frank E. Bertucci sold 3,031 shares of the business’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $55.00, for a total transaction of $166,705.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,631 shares of company stock worth $1,603,015. Insiders own 1.15% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Cerebellum GP LLC bought a new stake in shares of Hancock in the 4th quarter worth about $125,000. Signition LP bought a new stake in shares of Hancock in the 4th quarter worth about $224,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Hancock by 50.1% in the 4th 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 during the last quarter. JOYN Advisors Inc. bought a new stake in shares of Hancock in the 4th quarter worth about $252,000. Finally, Virtu Financial LLC bought a new stake in shares of Hancock in the 4th quarter worth about $252,000. Hedge funds and other institutional investors own 76.64% of the company’s stock.

Shares of Hancock (NASDAQ HBHC) opened at $55.65 on Friday. The company has a market cap of $4,720.00, a price-to-earnings ratio of 20.54, a price-to-earnings-growth ratio of 1.80 and a beta of 1.02. Hancock has a one year low of $41.05 and a one year high of $56.20. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.11.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Monday, March 5th will be issued a $0.24 dividend. The ex-dividend date is Friday, March 2nd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.73%. Hancock’s dividend payout ratio (DPR) is presently 35.42%.

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About Hancock

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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