Analysts expect that Hancock Holding (NASDAQ:HBHC) will announce earnings of $0.89 per share for the current quarter, according to Zacks. Four analysts have provided estimates for Hancock’s earnings. The highest EPS estimate is $0.94 and the lowest is $0.85. Hancock posted earnings per share of $0.63 during the same quarter last year, which would indicate a positive year over year growth rate of 41.3%. The firm is scheduled to report its next earnings results on Tuesday, April 17th.
According to Zacks, analysts expect that Hancock will report full-year earnings of $3.82 per share for the current financial year, with EPS estimates ranging from $3.70 to $3.95. For the next fiscal year, analysts expect that the business will post earnings of $4.20 per share, with EPS estimates ranging from $4.12 to $4.34. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Hancock.
Hancock (NASDAQ:HBHC) last announced its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.03. Hancock had a return on equity of 8.96% and a net margin of 18.46%. The business had revenue of $277.74 million for the quarter, compared to analysts’ expectations of $282.68 million. During the same period in the previous year, the business posted $0.64 EPS.
Shares of Hancock (HBHC) traded up $1.20 on Thursday, hitting $55.65. The stock had a trading volume of 326,681 shares, compared to its average volume of 495,205. Hancock has a 12-month low of $41.05 and a 12-month high of $56.20. The company has a market capitalization of $4,744.33, a PE ratio of 22.35, a PEG ratio of 1.82 and a beta of 1.03. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.81 and a current ratio of 0.81.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Monday, March 5th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend is Friday, March 2nd. Hancock’s payout ratio is 38.55%.
In other Hancock news, Director Frank E. Bertucci sold 3,031 shares of the company’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $55.00, for a total value of $166,705.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Sonya C. Little sold 600 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $54.85, for a total value of $32,910.00. The disclosure for this sale can be found here. Insiders have sold 29,631 shares of company stock valued at $1,603,015 in the last three months. 1.15% of the stock is owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. Cerebellum GP LLC purchased a new stake in Hancock in the fourth quarter worth approximately $125,000. Signition LP purchased a new stake in Hancock in the fourth quarter worth approximately $224,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Hancock by 50.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,874 shares of the financial services provider’s stock valued at $241,000 after purchasing an additional 1,626 shares during the period. JOYN Advisors Inc. purchased a new stake in shares of Hancock during the fourth quarter valued at approximately $252,000. Finally, Virtu Financial LLC purchased a new stake in shares of Hancock during the fourth quarter valued at approximately $252,000. 76.64% of the stock is owned by institutional investors and hedge funds.
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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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