Q4 2017 Earnings Forecast for Hancock Holding Company Issued By Jefferies Group (HBHC)
Hancock Holding Company (NASDAQ:HBHC) – Research analysts at Jefferies Group boosted their Q4 2017 earnings per share estimates for Hancock Holding in a report issued on Friday. Jefferies Group analyst C. Haire now anticipates that the financial services provider will post earnings per share of $0.84 for the quarter, up from their prior estimate of $0.79. Jefferies Group has a “Hold” rating and a $51.00 price target on the stock.
Hancock Holding (NASDAQ:HBHC) last posted its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.68 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.68. The business had revenue of $267.20 million during the quarter, compared to analyst estimates of $265.03 million. Hancock Holding had a net margin of 18.91% and a return on equity of 7.85%. During the same period in the prior year, the business posted $0.59 earnings per share. ILLEGAL ACTIVITY WARNING: “Q4 2017 Earnings Forecast for Hancock Holding Company Issued By Jefferies Group (HBHC)” was first published by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another publication, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this story can be viewed at https://www.americanbankingnews.com/2017/07/24/q4-2017-earnings-forecast-for-hancock-holding-company-issued-by-jefferies-group-hbhc.html.
Several other research firms have also weighed in on HBHC. Zacks Investment Research lowered shares of Hancock Holding from a “buy” rating to a “hold” rating in a report on Monday, July 17th. ValuEngine raised shares of Hancock Holding from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Piper Jaffray Companies raised shares of Hancock Holding from a “neutral” rating to an “overweight” rating in a report on Friday, May 12th. Stephens reaffirmed a “hold” rating on shares of Hancock Holding in a report on Friday, April 28th. Finally, BidaskClub lowered shares of Hancock Holding from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. Seven analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $45.63.
Hancock Holding (NASDAQ:HBHC) opened at 46.25 on Monday. The firm has a 50 day moving average of $48.45 and a 200-day moving average of $46.66. The company has a market capitalization of $3.92 billion, a price-to-earnings ratio of 19.33 and a beta of 0.86. Hancock Holding has a 52-week low of $28.03 and a 52-week high of $52.94.
A number of large investors have recently modified their holdings of the company. Strs Ohio raised its stake in shares of Hancock Holding by 21.8% in the first quarter. Strs Ohio now owns 12,300 shares of the financial services provider’s stock valued at $560,000 after buying an additional 2,200 shares during the last quarter. Glen Harbor Capital Management LLC raised its stake in shares of 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 valued at $103,000 after buying an additional 16 shares during the last quarter. First Citizens Bank & Trust Co. bought a new stake in shares of Hancock Holding during the first quarter valued at approximately $294,000. Nationwide Fund Advisors raised its stake in shares of Hancock Holding by 12.3% in the first quarter. Nationwide Fund Advisors now owns 328,650 shares of the financial services provider’s stock valued at $14,970,000 after buying an additional 35,938 shares during the last quarter. Finally, Dalton Greiner Hartman Maher & Co. raised its stake in shares of Hancock Holding by 3.1% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 494,434 shares of the financial services provider’s stock valued at $22,521,000 after buying an additional 14,967 shares during the last quarter. 77.63% of the stock is owned by institutional investors.
In related news, CEO John M. Hairston sold 41,903 shares of the business’s stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $47.81, for a total value of $2,003,382.43. Following the completion of the sale, the chief executive officer now owns 73,544 shares of the company’s stock, valued at approximately $3,516,138.64. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider George A. Schloegel sold 4,953 shares of the business’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $50.78, for a total transaction of $251,513.34. The disclosure for this sale can be found here. In the last three months, insiders sold 70,669 shares of company stock valued at $3,424,090. 1.15% of the stock is owned by insiders.
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.
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