Hancock Holding Company (HBHC) Given a $50.00 Price Target at Keefe, Bruyette & Woods
Hancock Holding Company (NASDAQ:HBHC) received a $50.00 price target from investment analysts at Keefe, Bruyette & Woods in a report issued on Friday. The brokerage presently has a “hold” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 15.34% from the company’s previous close.
Other equities research analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Hancock Holding from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Piper Jaffray Companies upgraded shares of Hancock Holding from a “neutral” rating to an “overweight” rating in a report on Friday, May 12th. Jefferies Group LLC restated a “hold” rating and issued a $51.00 price objective on shares of Hancock Holding in a report on Friday, July 14th. BidaskClub lowered shares of Hancock Holding from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. Finally, Stephens restated a “hold” rating on shares of Hancock Holding in a report on Friday, April 28th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Hancock Holding presently has a consensus rating of “Hold” and a consensus price target of $49.78.
Shares of Hancock Holding (NASDAQ HBHC) traded down 0.46% during trading on Friday, reaching $43.35. 522,568 shares of the company were exchanged. Hancock Holding has a one year low of $30.18 and a one year high of $52.94. The stock has a market capitalization of $3.67 billion, a PE ratio of 18.09 and a beta of 0.85. The stock has a 50-day moving average price of $47.43 and a 200-day moving average price of $46.83.
Hancock Holding (NASDAQ:HBHC) last posted its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.68 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.68. Hancock Holding had a net margin of 18.91% and a return on equity of 7.85%. The company had revenue of $267.20 million during the quarter, compared to analyst estimates of $265.03 million. During the same period in the prior year, the business posted $0.59 EPS. Analysts forecast that Hancock Holding will post $2.71 EPS for the current year.
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In related news, Director Randall W. Hanna sold 2,300 shares of the stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $43.93, for a total value of $101,039.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John M. Hairston sold 12,240 shares of the stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $46.60, for a total transaction of $570,384.00. The disclosure for this sale can be found here. Insiders sold a total of 38,262 shares of company stock valued at $1,844,274 over the last 90 days. Company insiders own 1.15% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Waters Parkerson & CO. LLC raised its position in shares of Hancock Holding by 2.3% in the second quarter. Waters Parkerson & CO. LLC now owns 46,945 shares of the financial services provider’s stock valued at $2,300,000 after buying an additional 1,043 shares during the last quarter. Citadel Advisors LLC raised its position in shares of Hancock Holding by 79.2% in the second quarter. Citadel Advisors LLC now owns 1,204,824 shares of the financial services provider’s stock valued at $59,037,000 after buying an additional 532,320 shares during the last quarter. Ramsey Quantitative Systems acquired a new position in shares of Hancock Holding during the second quarter valued at about $326,000. Parametric Portfolio Associates LLC raised its position in shares of Hancock Holding by 4.0% in the second quarter. Parametric Portfolio Associates LLC now owns 193,722 shares of the financial services provider’s stock valued at $9,492,000 after buying an additional 7,530 shares during the last quarter. Finally, Advisor Group Inc. raised its position in shares of Hancock Holding by 1.2% in the second quarter. Advisor Group Inc. now owns 9,304 shares of the financial services provider’s stock valued at $412,000 after buying an additional 113 shares during the last quarter. Institutional investors own 77.60% of the company’s stock.
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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