Hancock Holding Company (NASDAQ:HBHC) – Investment analysts at Jefferies Group raised their FY2018 earnings per share (EPS) estimates for shares of Hancock Holding in a research report issued on Thursday. Jefferies Group analyst C. Haire now anticipates that the financial services provider will earn $3.30 per share for the year, up from their previous forecast of $3.25. Jefferies Group has a “Hold” rating and a $52.00 price target on the stock.

Hancock Holding (NASDAQ:HBHC) last released its quarterly earnings results on Tuesday, October 17th. The financial services provider reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. Hancock Holding had a net margin of 19.08% and a return on equity of 8.27%. The business had revenue of $269.97 million for the quarter, compared to analyst estimates of $279.80 million. During the same period last year, the firm earned $0.59 earnings per share.

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Several other equities research analysts have also recently weighed in on the company. Zacks Investment Research cut Hancock Holding from a “hold” rating to a “sell” rating in a research report on Friday, October 6th. Piper Jaffray Companies reiterated an “overweight” rating and set a $52.00 price target on shares of Hancock Holding in a research report on Thursday, October 5th. SunTrust Banks, Inc. reiterated a “hold” rating and set a $50.00 price target on shares of Hancock Holding in a research report on Wednesday, October 4th. Keefe, Bruyette & Woods upgraded Hancock Holding from a “market perform” rating to an “outperform” rating and set a $50.00 price target on the stock in a research report on Monday, August 21st. Finally, BidaskClub cut Hancock Holding from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $51.92.

Hancock Holding (HBHC) opened at 50.45 on Monday. The firm has a 50-day moving average of $46.60 and a 200 day moving average of $46.73. Hancock Holding has a 12-month low of $32.00 and a 12-month high of $52.94. The company has a market capitalization of $4.37 billion, a price-to-earnings ratio of 20.20 and a beta of 0.88.

In related news, insider Joseph S. Exnicios sold 3,369 shares of the company’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 value of $155,883.63. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Cecil W. Knight, Jr. acquired 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The stock was 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. Over the last 90 days, insiders sold 17,909 shares of company stock worth $827,307. 1.15% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its position in shares of Hancock Holding by 4.8% in the second quarter. JPMorgan Chase & Co. now owns 1,606,146 shares of the financial services provider’s stock worth $78,702,000 after purchasing an additional 74,006 shares during the last quarter. Sei Investments Co. increased its position in shares of Hancock Holding by 21.8% in the second quarter. Sei Investments Co. now owns 20,948 shares of the financial services provider’s stock worth $1,026,000 after purchasing an additional 3,747 shares during the last quarter. Federated Investors Inc. PA increased its position in shares of Hancock Holding by 6.2% in the second quarter. Federated Investors Inc. PA now owns 126,899 shares of the financial services provider’s stock worth $6,218,000 after purchasing an additional 7,370 shares during the last quarter. Legal & General Group Plc increased its position in shares of Hancock Holding by 11.8% in the second quarter. Legal & General Group Plc now owns 100,332 shares of the financial services provider’s stock worth $4,914,000 after purchasing an additional 10,621 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in shares of Hancock Holding by 123.1% in the second quarter. BNP Paribas Arbitrage SA now owns 50,035 shares of the financial services provider’s stock worth $2,452,000 after purchasing an additional 27,606 shares during the last quarter. Institutional investors own 76.98% of the company’s stock.

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.

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

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