FIG Partners Weighs in on Hancock Holding Company’s Q1 2018 Earnings (HBHC)
Hancock Holding Company (NASDAQ:HBHC) – Stock analysts at FIG Partners increased their Q1 2018 earnings estimates for Hancock Holding in a research report issued on Wednesday. FIG Partners analyst C. Marinac now forecasts that the financial services provider will post earnings per share of $0.77 for the quarter, up from their previous forecast of $0.74. FIG Partners also issued estimates for Hancock Holding’s Q2 2018 earnings at $0.81 EPS, Q4 2018 earnings at $0.85 EPS and FY2018 earnings at $3.28 EPS.
Hancock Holding (NASDAQ:HBHC) last issued its earnings results on Tuesday, October 17th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.02. Hancock Holding had a return on equity of 8.27% and a net margin of 19.08%. The business had revenue of $269.97 million during the quarter, compared to analysts’ expectations of $279.80 million. During the same quarter in the previous year, the business earned $0.59 EPS.
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HBHC has been the subject of a number of other reports. Keefe, Bruyette & Woods raised Hancock Holding from a “market perform” rating to an “outperform” rating and set a $50.00 price target for the company in a research note on Monday, August 21st. Zacks Investment Research downgraded Hancock Holding from a “hold” rating to a “sell” rating in a research note on Tuesday, September 19th. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $50.00 price target on shares of Hancock Holding in a research note on Wednesday, October 4th. BidaskClub downgraded Hancock Holding from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $52.00 price objective on shares of Hancock Holding in a research note on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $51.92.
Shares of Hancock Holding (NASDAQ HBHC) opened at 50.45 on Monday. The stock’s 50 day moving average price is $46.60 and its 200-day moving average price is $46.73. The stock has a market cap of $4.37 billion, a PE ratio of 20.20 and a beta of 0.88. Hancock Holding has a one year low of $32.00 and a one year high of $52.94.
In other news, Director Randall W. Hanna sold 2,300 shares of Hancock Holding stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $43.93, for a total transaction of $101,039.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Cecil W. Knight, Jr. acquired 2,000 shares of the firm’s stock in a transaction dated Thursday, September 7th. The shares were purchased at an average cost of $41.40 per share, for a total transaction of $82,800.00. The disclosure for this purchase can be found here. Insiders sold a total of 17,909 shares of company stock worth $827,307 in the last ninety days. Insiders own 1.15% of the company’s stock.
Several large investors have recently made changes to their positions in HBHC. JPMorgan Chase & Co. boosted its stake in Hancock Holding by 4.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,606,146 shares of the financial services provider’s stock valued at $78,702,000 after buying an additional 74,006 shares in the last quarter. Sei Investments Co. boosted its stake in Hancock Holding by 21.8% in the 2nd quarter. Sei Investments Co. now owns 20,948 shares of the financial services provider’s stock valued at $1,026,000 after buying an additional 3,747 shares in the last quarter. Federated Investors Inc. PA boosted its stake in Hancock Holding by 6.2% in the 2nd quarter. Federated Investors Inc. PA now owns 126,899 shares of the financial services provider’s stock valued at $6,218,000 after buying an additional 7,370 shares in the last quarter. Legal & General Group Plc boosted its stake in Hancock Holding by 11.8% in the 2nd quarter. Legal & General Group Plc now owns 100,332 shares of the financial services provider’s stock valued at $4,914,000 after buying an additional 10,621 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake in Hancock Holding by 123.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 50,035 shares of the financial services provider’s stock valued at $2,452,000 after buying an additional 27,606 shares in the last quarter. 76.98% of the stock is currently owned by institutional investors.
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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