Hancock Holding Company (HBHC) Receives Consensus Recommendation of “Hold” from Analysts
Hancock Holding Company (NASDAQ:HBHC) has been given an average rating of “Hold” by the twelve research firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $51.41.
HBHC has been the topic of several analyst reports. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $50.00 target price on shares of Hancock Holding in a report on Wednesday, October 4th. Zacks Investment Research cut shares of Hancock Holding from a “hold” rating to a “sell” rating in a report on Tuesday, September 19th. Piper Jaffray Companies set a $52.00 target price on shares of Hancock Holding and gave the company a “buy” rating in a report on Thursday, August 24th. Keefe, Bruyette & Woods set a $50.00 target price on shares of Hancock Holding and gave the company a “hold” rating in a report on Friday, August 11th. Finally, BidaskClub cut shares of Hancock Holding from a “buy” rating to a “hold” rating in a report on Monday, July 24th.
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Shares of Hancock Holding (HBHC) opened at $49.00 on Friday. The firm has a market cap of $4,152.41, a P/E ratio of 18.08, a P/E/G ratio of 2.24 and a beta of 0.90. Hancock Holding has a 1-year low of $32.00 and a 1-year high of $52.94. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.12.
Hancock Holding (NASDAQ:HBHC) last issued its earnings results on Tuesday, October 17th. The financial services provider reported $0.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.02. The firm had revenue of $269.97 million for the quarter, compared to analysts’ expectations of $279.80 million. Hancock Holding had a net margin of 19.08% and a return on equity of 8.27%. During the same quarter last year, the company earned $0.59 earnings per share. equities analysts forecast that Hancock Holding will post 2.73 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Tuesday, December 5th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, December 4th. This represents a $0.96 dividend on an annualized basis and a yield of 1.96%. Hancock Holding’s payout ratio is currently 38.55%.
In other Hancock Holding news, insider Cecil W. Knight, Jr. bought 2,000 shares of the business’s stock in a transaction dated Thursday, September 7th. The shares were acquired at an average cost of $41.40 per share, with a total value of $82,800.00. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Randall W. Hanna sold 2,300 shares of Hancock Holding stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $43.93, for a total transaction of $101,039.00. The disclosure for this sale can be found here. 1.15% of the stock is currently owned by company insiders.
Several institutional investors have recently made changes to their positions in HBHC. Janus Henderson Group PLC acquired a new position in shares of Hancock Holding in the 2nd quarter valued at $29,145,000. Citadel Advisors LLC increased its holdings in shares of Hancock Holding by 79.2% in the 2nd quarter. Citadel Advisors LLC now owns 1,204,824 shares of the financial services provider’s stock valued at $59,037,000 after acquiring an additional 532,320 shares during the period. Teachers Advisors LLC increased its holdings in shares of Hancock Holding by 394.1% in the 1st quarter. Teachers Advisors LLC now owns 641,420 shares of the financial services provider’s stock valued at $29,217,000 after acquiring an additional 511,593 shares during the period. Northern Trust Corp increased its holdings in shares of Hancock Holding by 22.3% in the 2nd 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. Finally, Monarch Partners Asset Management LLC acquired a new position in shares of Hancock Holding in the 2nd quarter valued at $14,497,000. 77.09% of the stock is currently owned by institutional investors and hedge funds.
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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