Hancock Holding (HBHC) Given Consensus Recommendation of “Hold” by Analysts
Shares of Hancock Holding (NASDAQ:HBHC) have been given an average recommendation of “Hold” by the twelve research firms that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $51.78.
Several equities research analysts have weighed in on the company. SunTrust Banks reiterated a “hold” rating and issued a $53.00 price objective on shares of Hancock in a report on Wednesday. Keefe, Bruyette & Woods upgraded Hancock from a “market perform” rating to an “outperform” rating and set a $50.00 price objective for the company in a report on Monday, August 21st. BidaskClub cut Hancock from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. ValuEngine cut Hancock from a “buy” rating to a “hold” rating in a report on Friday, November 17th. Finally, Jefferies Group reiterated a “hold” rating and issued a $52.00 price objective on shares of Hancock in a report on Thursday, October 12th.
In other news, insider Samuel B. Kendricks sold 2,982 shares of the stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $48.62, for a total value of $144,984.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Cecil W. Knight, Jr. bought 2,000 shares of the firm’s stock in a transaction dated Thursday, September 7th. The stock was purchased at an average cost of $41.40 per share, with a total value of $82,800.00. The disclosure for this purchase can be found here. 1.15% of the stock is currently owned by corporate insiders.
Shares of Hancock (HBHC) opened at $52.45 on Thursday. Hancock has a fifty-two week low of $39.75 and a fifty-two week high of $52.94. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market capitalization of $4,314.41, a P/E ratio of 18.69, a price-to-earnings-growth ratio of 2.31 and a beta of 0.90.
Hancock (NASDAQ:HBHC) last released its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.02. Hancock 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 last year, the business posted $0.59 EPS. sell-side analysts forecast that Hancock will post 2.74 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Tuesday, December 5th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend is Monday, December 4th. Hancock’s dividend payout ratio is currently 38.55%.
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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