Hancock Holding Company Announces Quarterly Dividend of $0.24 (HBHC)
Hancock Holding Company (NASDAQ:HBHC) announced a quarterly dividend on Tuesday, October 31st, Wall Street Journal reports. Shareholders of record on Tuesday, December 5th will be given a dividend of 0.24 per share by the financial services provider on Friday, December 15th. This represents a $0.96 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date is Monday, December 4th.
Hancock Holding (NASDAQ HBHC) traded down 0.41% during mid-day trading on Tuesday, reaching $48.75. The company’s stock had a trading volume of 467,191 shares. The firm’s 50 day moving average is $47.70 and its 200-day moving average is $46.98. The company has a market cap of $4.22 billion, a PE ratio of 19.52 and a beta of 0.88. Hancock Holding has a 12-month low of $32.00 and a 12-month high of $52.94.
Hancock Holding (NASDAQ:HBHC) last announced its earnings results on Tuesday, October 17th. The financial services provider reported $0.76 EPS for the quarter, beating analysts’ consensus estimates 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 prior year, the firm earned $0.59 earnings per share. Equities analysts anticipate that Hancock Holding will post $2.68 earnings per share for the current fiscal year.
In other news, Director Randall W. Hanna sold 2,300 shares of the firm’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $43.93, for a total transaction of $101,039.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Cecil W. Knight, Jr. purchased 2,000 shares of the stock in a transaction dated Thursday, September 7th. The shares were purchased at an average price of $41.40 per share, with a total value of $82,800.00. The disclosure for this purchase can be found here. Company insiders own 1.15% of the company’s stock.
A number of equities analysts have commented on the company. Keefe, Bruyette & Woods raised Hancock Holding from a “market perform” rating to an “outperform” rating and set a $50.00 target price for the company in a report on Monday, August 21st. Zacks Investment Research cut Hancock Holding from a “hold” rating to a “sell” rating in a report on Tuesday, September 19th. SunTrust Banks, Inc. reissued a “hold” rating and set a $50.00 target price on shares of Hancock Holding in a report on Wednesday, October 4th. BidaskClub cut Hancock Holding from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $52.00 target price on shares of Hancock Holding in a report on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $51.92.
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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