Shares of Hancock Holding Company (NASDAQ:HBHC) have been given a consensus recommendation of “Buy” by the twelve brokerages that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $49.28.

A number of brokerages have issued reports on HBHC. BidaskClub cut shares of Hancock Holding from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. Keefe, Bruyette & Woods set a $50.00 price target on Hancock Holding and gave the company a “hold” rating in a report on Friday, August 11th. Piper Jaffray Companies set a $52.00 price target on Hancock Holding and gave the company a “buy” rating in a report on Thursday, August 24th. Jefferies Group LLC reaffirmed a “hold” rating and set a $51.00 price target on shares of Hancock Holding in a report on Friday, July 14th. Finally, Zacks Investment Research cut Hancock Holding from a “buy” rating to a “hold” rating in a report on Monday, July 24th.

Hancock Holding (NASDAQ HBHC) opened at 43.70 on Friday. The firm has a market cap of $3.70 billion, a PE ratio of 18.24 and a beta of 0.87. The firm’s 50-day moving average price is $44.14 and its 200 day moving average price is $46.34. Hancock Holding has a 52-week low of $31.12 and a 52-week high of $52.94.

Hancock Holding (NASDAQ:HBHC) last issued its earnings results on Tuesday, July 18th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, hitting 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 firm had revenue of $267.20 million for the quarter, compared to analysts’ expectations of $265.03 million. During the same quarter last year, the company posted $0.59 earnings per share. On average, equities analysts anticipate that Hancock Holding will post $2.72 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Tuesday, September 5th were issued a dividend of $0.24 per share. The ex-dividend date was Thursday, August 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.20%. Hancock Holding’s dividend payout ratio (DPR) is presently 40.00%.

In related news, insider Joseph S. Exnicios sold 3,369 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $46.27, for a total transaction of $155,883.63. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Cecil W. Knight, Jr. acquired 2,000 shares of the stock in a transaction that occurred on Thursday, September 7th. The shares were bought at an average price of $41.40 per share, for a total transaction of $82,800.00. The disclosure for this purchase can be found here. Insiders have sold 17,909 shares of company stock worth $827,307 in the last quarter. Company insiders own 1.15% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its stake in shares of Hancock Holding by 18,052.0% during the first quarter. BlackRock Inc. now owns 9,069,853 shares of the financial services provider’s stock valued at $413,132,000 after acquiring an additional 9,019,887 shares during the period. Vanguard Group Inc. increased its stake in shares of Hancock Holding by 4.1% during the second quarter. Vanguard Group Inc. now owns 7,524,104 shares of the financial services provider’s stock valued at $368,682,000 after acquiring an additional 294,346 shares during the period. State Street Corp increased its stake in shares of Hancock Holding by 27.6% during the first quarter. State Street Corp now owns 5,110,898 shares of the financial services provider’s stock valued at $232,799,000 after acquiring an additional 1,103,976 shares during the period. Macquarie Group Ltd. increased its stake in shares of Hancock Holding by 2.5% during the second quarter. Macquarie Group Ltd. now owns 2,545,449 shares of the financial services provider’s stock valued at $124,727,000 after acquiring an additional 62,406 shares during the period. Finally, Northern Trust Corp increased its stake in shares of Hancock Holding by 22.3% during the second quarter. Northern Trust Corp now owns 1,659,620 shares of the financial services provider’s stock valued at $81,321,000 after acquiring an additional 302,101 shares during the period. Institutional investors and hedge funds own 77.00% of the company’s stock.

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About Hancock Holding

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.

Analyst Recommendations for Hancock Holding (NASDAQ:HBHC)

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