Hancock Holding Company (NASDAQ:HBHC) – Investment analysts at FIG Partners lowered their Q3 2017 EPS estimates for shares of Hancock Holding in a research note issued on Thursday. FIG Partners analyst C. Marinac now expects that the financial services provider will post earnings of $0.71 per share for the quarter, down from their prior forecast of $0.73. FIG Partners also issued estimates for Hancock Holding’s Q4 2017 earnings at $0.77 EPS, FY2017 earnings at $2.74 EPS, Q1 2018 earnings at $0.74 EPS, Q2 2018 earnings at $0.78 EPS, Q4 2018 earnings at $0.86 EPS and FY2018 earnings at $3.21 EPS.

A number of other research firms have also commented on HBHC. Jefferies Group LLC reaffirmed a “hold” rating and set a $51.00 price target on shares of Hancock Holding in a research report on Friday, July 14th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $47.00 price target on shares of Hancock Holding in a research report on Thursday, April 20th. Zacks Investment Research raised Hancock Holding from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research report on Tuesday. Stephens reaffirmed a “hold” rating on shares of Hancock Holding in a research report on Friday, April 28th. Finally, BidaskClub lowered Hancock Holding from a “buy” rating to a “hold” rating in a research report on Friday, June 23rd. Seven research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $45.63.

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Hancock Holding (HBHC) opened at 46.70 on Friday. The stock has a market cap of $3.95 billion, a PE ratio of 19.57 and a beta of 0.87. Hancock Holding has a 1-year low of $28.04 and a 1-year high of $52.94. The firm’s 50-day moving average price is $48.45 and its 200 day moving average price is $46.66.

Hancock Holding (NASDAQ:HBHC) last released its earnings results on Tuesday, July 18th. The financial services provider reported $0.68 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.68. Hancock Holding had a return on equity of 7.85% and a net margin of 18.91%. The company had revenue of $267.20 million for the quarter, compared to analysts’ expectations of $265.03 million. During the same quarter in the previous year, the business posted $0.59 EPS.

In related news, EVP Stephen E. Barker sold 9,966 shares of Hancock Holding stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $50.28, for a total value of $501,090.48. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Michael K. Dickerson sold 8,413 shares of Hancock Holding stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $47.99, for a total value of $403,739.87. Following the completion of the sale, the insider now directly owns 4,401 shares in the company, valued at approximately $211,203.99. The disclosure for this sale can be found here. In the last three months, insiders sold 70,669 shares of company stock worth $3,424,090. 1.15% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in HBHC. PNC Financial Services Group Inc. increased its position in Hancock Holding by 72.2% in the first quarter. PNC Financial Services Group Inc. now owns 2,239 shares of the financial services provider’s stock worth $101,000 after buying an additional 939 shares in the last quarter. Glen Harbor Capital Management LLC increased its position in Hancock Holding by 0.7% in the first quarter. Glen Harbor Capital Management LLC now owns 2,272 shares of the financial services provider’s stock worth $103,000 after buying an additional 16 shares in the last quarter. Quantbot Technologies LP bought a new position in Hancock Holding during the first quarter worth $118,000. Tyers Asset Management LLC increased its position in Hancock Holding by 0.7% in the first quarter. Tyers Asset Management LLC now owns 3,124 shares of the financial services provider’s stock worth $142,000 after buying an additional 22 shares in the last quarter. Finally, Flinton Capital Management LLC increased its position in Hancock Holding by 0.7% in the first quarter. Flinton Capital Management LLC now owns 3,976 shares of the financial services provider’s stock worth $181,000 after buying an additional 28 shares in the last quarter. 77.92% of the stock is currently owned by institutional investors and hedge funds.

Hancock Holding 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.

Earnings History and Estimates for Hancock Holding (NASDAQ:HBHC)

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