Hancock (HBHC) Earns “Buy” Rating from Sandler O’Neill

Hancock (NASDAQ:HBHC)‘s stock had its “buy” rating reaffirmed by Sandler O’Neill in a research note issued on Friday. They presently have a $61.00 price target on the financial services provider’s stock. Sandler O’Neill’s target price suggests a potential upside of 8.73% from the stock’s previous close.

A number of other research analysts also recently issued reports on the company. BidaskClub upgraded Hancock from a “hold” rating to a “buy” rating in a report on Thursday, January 11th. SunTrust Banks reiterated a “hold” rating and set a $57.00 price objective on shares of Hancock in a report on Tuesday, January 9th. Hovde Group upgraded Hancock from a “market perform” rating to an “outperform” rating and set a $58.00 price objective for the company in a report on Wednesday, December 27th. Zacks Investment Research upgraded Hancock from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a report on Tuesday, December 19th. Finally, ValuEngine downgraded Hancock from a “buy” rating to a “hold” rating in a 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 given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $56.10.

Shares of Hancock (HBHC) opened at $56.10 on Friday. The company has a market capitalization of $4,778.65, a PE ratio of 19.15, a PEG ratio of 1.90 and a beta of 0.91. The company has a current ratio of 0.79, a quick ratio of 0.82 and a debt-to-equity ratio of 0.11. Hancock has a 1 year low of $41.05 and a 1 year high of $56.15.

Hancock (NASDAQ:HBHC) last posted its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.03. The business had revenue of $277.74 million during the quarter, compared to the consensus estimate of $282.68 million. Hancock had a return on equity of 8.96% and a net margin of 18.46%. During the same period last year, the company earned $0.64 earnings per share. research analysts forecast that Hancock will post 3.74 EPS for the current year.

In other Hancock news, insider Samuel B. Kendricks sold 2,982 shares of the firm’s 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.15% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the business. Bank of Nova Scotia bought a new position in Hancock in the second quarter valued at approximately $1,840,000. Flinton Capital Management LLC grew its stake in Hancock by 72.5% in the second quarter. Flinton Capital Management LLC now owns 6,860 shares of the financial services provider’s stock valued at $336,000 after purchasing an additional 2,884 shares in the last quarter. Heartland Advisors Inc. grew its stake in Hancock by 17.6% in the third quarter. Heartland Advisors Inc. now owns 166,947 shares of the financial services provider’s stock valued at $8,089,000 after purchasing an additional 25,000 shares in the last quarter. Stevens Capital Management LP bought a new position in Hancock in the third quarter valued at approximately $671,000. Finally, Vanguard Group Inc. grew its stake in Hancock by 4.1% in the second quarter. Vanguard Group Inc. now owns 7,524,104 shares of the financial services provider’s stock valued at $368,682,000 after purchasing an additional 294,346 shares in the last quarter. Hedge funds and other institutional investors own 77.21% of the company’s stock.

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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.

Analyst Recommendations for Hancock (NASDAQ:HBHC)

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