Hancock Holding Company Upgraded to Sector Perform by Portales Partners (HBHC)
Hancock Holding Company (NASDAQ:HBHC) was upgraded by analysts at Portales Partners from an “underperform” rating to a “sector perform” rating in a research report issued to clients and investors on Wednesday, AnalystRatings.NET reports.
Hancock Holding Company (NASDAQ:HBHC) traded down 0.08% during mid-day trading on Wednesday, hitting $35.50. The stock had a trading volume of 253,247 shares. Hancock Holding Company has a one year low of $25.00 and a one year high of $38.50. The stock has a 50-day moving average of $36.13 and a 200-day moving average of $34.83. The company has a market cap of $3.006 billion and a price-to-earnings ratio of 18.27.
Hancock Holding Company (NASDAQ:HBHC) last posted its quarterly earnings results on Wednesday, April 16th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.01. During the same quarter in the previous year, the company posted $0.56 earnings per share. On average, analysts predict that Hancock Holding Company will post $2.35 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 16th. Shareholders of record on Thursday, June 5th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.70%. The ex-dividend date is Tuesday, June 3rd.
Other equities research analysts have also recently issued reports about the stock. Analysts at Raymond James upgraded shares of Hancock Holding Company from a “market perform” rating to an “outperform” rating in a research note on Thursday, April 17th. They now have a $40.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Hancock Holding Company in a research note on Friday, March 28th. They now have a $38.00 price target on the stock. Finally, analysts at Morgan Stanley cut their price target on shares of Hancock Holding Company from $34.00 to $33.00 in a research note on Thursday, March 27th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $32.93.
Hancock Holding Company (NASDAQ:HBHC), is a bank holding company.
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