Zacks: Brokerages Anticipate Hancock Holding (HBHC) to Announce $0.83 Earnings Per Share
Wall Street brokerages expect Hancock Holding (NASDAQ:HBHC) to announce $0.83 earnings per share for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Hancock’s earnings. The highest EPS estimate is $0.86 and the lowest is $0.80. Hancock posted earnings of $0.64 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 29.7%. The company is scheduled to report its next quarterly earnings results after the market closes on Wednesday, January 17th.
On average, analysts expect that Hancock will report full year earnings of $2.74 per share for the current year, with EPS estimates ranging from $2.64 to $2.88. For the next financial year, analysts expect that the business will report earnings of $3.70 per share, with EPS estimates ranging from $3.32 to $3.88. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Hancock.
Hancock (NASDAQ:HBHC) last issued its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $0.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.02. Hancock had a net margin of 19.08% and a return on equity of 8.27%. The business had revenue of $269.97 million during the quarter, compared to analysts’ expectations of $279.80 million. During the same period in the previous year, the company earned $0.59 earnings per share.
In related news, insider Samuel B. Kendricks sold 2,982 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $48.62, for a total transaction of $144,984.84. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.15% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in Hancock by 4.1% during the second quarter. Vanguard Group Inc. now owns 7,524,104 shares of the financial services provider’s stock worth $368,682,000 after acquiring an additional 294,346 shares during the period. Macquarie Group Ltd. increased its position in Hancock by 6.6% during the third quarter. Macquarie Group Ltd. now owns 2,712,351 shares of the financial services provider’s stock worth $131,414,000 after acquiring an additional 166,902 shares during the period. Northern Trust Corp increased its position in Hancock by 22.3% during the second quarter. Northern Trust Corp now owns 1,659,620 shares of the financial services provider’s stock worth $81,321,000 after acquiring an additional 302,101 shares during the period. JPMorgan Chase & Co. increased its position in Hancock by 1.0% during the third quarter. JPMorgan Chase & Co. now owns 1,622,960 shares of the financial services provider’s stock worth $78,633,000 after acquiring an additional 16,814 shares during the period. Finally, Ameriprise Financial Inc. increased its position in Hancock by 5.2% during the third quarter. Ameriprise Financial Inc. now owns 1,360,353 shares of the financial services provider’s stock worth $65,909,000 after acquiring an additional 66,884 shares during the period. 77.21% of the stock is currently owned by institutional investors and hedge funds.
Shares of Hancock (HBHC) traded down $0.20 during trading on Tuesday, hitting $53.55. 609,018 shares of the stock were exchanged, compared to its average volume of 626,740. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.82 and a quick ratio of 0.82. Hancock has a twelve month low of $41.05 and a twelve month high of $54.55. The firm has a market capitalization of $4,610.00, a PE ratio of 21.51, a price-to-earnings-growth ratio of 1.82 and a beta of 0.91.
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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