Hancock Holding Company Given Average Recommendation of “Hold” by Analysts (NASDAQ:HBHC)
Shares of Hancock Holding Company (NASDAQ:HBHC) have been given a consensus recommendation of “Hold” by the nine analysts that are currently covering the stock, American Banking & Market News reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $35.00.
Several analysts have recently commented on the stock. Analysts at Raymond James cut their price target on shares of Hancock Holding Company from $38.00 to $37.00 in a research note on Monday, July 28th.
Shares of Hancock Holding Company (NASDAQ:HBHC) opened at 32.47 on Wednesday. Hancock Holding Company has a one year low of $29.00 and a one year high of $38.50. The stock’s 50-day moving average is $34.10 and its 200-day moving average is $34.66. The company has a market cap of $2.703 billion and a P/E ratio of 17.24.
Hancock Holding Company (NASDAQ:HBHC) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.59 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.59. During the same quarter last year, the company posted $0.55 earnings per share. On average, analysts predict that Hancock Holding Company will post $2.32 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Shareholders of record on Friday, September 5th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date of this dividend is Wednesday, September 3rd.
Hancock Holding Company (NASDAQ:HBHC), is a bank holding company.
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