Hancock Holding (NASDAQ:HBHC) – Equities research analysts at FIG Partners upped their Q1 2019 earnings estimates for shares of Hancock in a research note issued to investors on Thursday. FIG Partners analyst C. Marinac now forecasts that the financial services provider will earn $0.96 per share for the quarter, up from their previous forecast of $0.87. FIG Partners also issued estimates for Hancock’s Q2 2019 earnings at $1.00 EPS, Q3 2019 earnings at $1.04 EPS, Q4 2019 earnings at $1.04 EPS and FY2019 earnings at $4.04 EPS.
A number of other research analysts have also recently issued reports on HBHC. SunTrust Banks reissued a “hold” rating and set a $50.00 price target on shares of Hancock in a research report on Wednesday, October 4th. Piper Jaffray Companies reissued an “overweight” rating and set a $52.00 price target on shares of Hancock in a research report on Thursday, October 5th. Zacks Investment Research cut shares of Hancock from a “hold” rating to a “sell” rating in a research report on Friday, October 6th. Jefferies Group reissued a “hold” rating and set a $52.00 price target on shares of Hancock in a research report on Thursday, October 12th. Finally, ValuEngine cut shares of Hancock from a “buy” rating to a “hold” rating in a research report on Friday, November 17th. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Hancock presently has a consensus rating of “Buy” and a consensus target price of $56.10.
Hancock (NASDAQ:HBHC) last posted its earnings results on Wednesday, January 17th. The financial services provider reported $0.86 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.03. Hancock had a net margin of 18.46% and a return on equity of 9.02%. The firm had revenue of $277.74 million during the quarter, compared to analysts’ expectations of $282.68 million. During the same period last year, the company posted $0.64 EPS.
A number of large investors have recently added to or reduced their stakes in HBHC. PNC Financial Services Group Inc. increased its stake in Hancock by 25.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,820 shares of the financial services provider’s stock valued at $137,000 after purchasing an additional 581 shares in the last quarter. Sabal Trust CO bought a new stake in Hancock during the 3rd quarter valued at about $216,000. Adviser Investments LLC bought a new stake in Hancock during the 3rd quarter valued at about $224,000. Quantbot Technologies LP increased its stake in Hancock by 82.0% during the 2nd quarter. Quantbot Technologies LP now owns 4,745 shares of the financial services provider’s stock valued at $232,000 after purchasing an additional 2,138 shares in the last quarter. Finally, AE Wealth Management LLC bought a new stake in Hancock during the 3rd quarter valued at about $278,000. Institutional investors and hedge funds own 77.21% of the company’s stock.
In other Hancock news, insider Samuel B. Kendricks sold 2,982 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $48.62, for a total transaction of $144,984.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.15% of the stock is currently owned by company insiders.
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Hancock 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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