Hancock Holding Forecasted to Post Q1 2018 Earnings of $0.89 Per Share (HBHC)

Hancock Holding (NASDAQ:HBHC) – Research analysts at FIG Partners issued their Q1 2018 earnings estimates for Hancock in a note issued to investors on Thursday. FIG Partners analyst C. Marinac expects that the financial services provider will post earnings per share of $0.89 for the quarter. FIG Partners also issued estimates for Hancock’s Q2 2018 earnings at $0.95 EPS, Q3 2018 earnings at $0.97 EPS, Q4 2018 earnings at $0.99 EPS and FY2018 earnings at $3.80 EPS.

Hancock (NASDAQ:HBHC) last posted its earnings results on Wednesday, January 17th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.03. Hancock had a net margin of 18.46% and a return on equity of 8.96%. The firm had revenue of $277.74 million during the quarter, compared to analysts’ expectations of $282.68 million. During the same period in the previous year, the business posted $0.64 EPS.

Several other equities analysts have also recently issued reports on HBHC. SunTrust Banks reiterated a “hold” rating and issued a $50.00 target price on shares of Hancock in a research note on Wednesday, October 4th. Piper Jaffray Companies reiterated an “overweight” rating and issued a $52.00 target price on shares of Hancock in a research note on Thursday, October 5th. Zacks Investment Research cut shares of Hancock from a “hold” rating to a “sell” rating in a research note on Friday, October 6th. Jefferies Group reiterated a “hold” rating and issued a $52.00 target price on shares of Hancock in a research note on Thursday, October 12th. Finally, ValuEngine cut shares of Hancock from a “buy” rating to a “hold” rating in a research note 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 issued a strong buy rating to the company. Hancock currently has a consensus rating of “Buy” and a consensus price target of $56.10.

Hancock (NASDAQ:HBHC) opened at $56.10 on Monday. The company has a quick ratio of 0.82, a current ratio of 0.79 and a debt-to-equity ratio of 0.11. Hancock has a 12 month low of $41.05 and a 12 month high of $56.15. The stock has a market cap of $4,780.00, a price-to-earnings ratio of 22.53, a P/E/G ratio of 1.90 and a beta of 0.91.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Fox Run Management L.L.C. purchased a new stake in Hancock in the 4th quarter worth $478,000. Schwab Charles Investment Management Inc. grew its holdings in shares of Hancock by 3.1% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 585,662 shares of the financial services provider’s stock worth $28,991,000 after buying an additional 17,870 shares in the last quarter. Dalton Greiner Hartman Maher & Co. grew its holdings in shares of Hancock by 3.6% during the fourth quarter. Dalton Greiner Hartman Maher & Co. now owns 374,179 shares of the financial services provider’s stock worth $18,522,000 after buying an additional 13,174 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Hancock by 1,071.2% during the third quarter. Public Employees Retirement System of Ohio now owns 41,085 shares of the financial services provider’s stock worth $1,991,000 after buying an additional 37,577 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Hancock during the third quarter worth $304,000. 77.21% of the stock is owned by institutional investors.

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 value of $144,984.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.15% of the stock is currently owned by insiders.

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About Hancock

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.

Earnings History and Estimates for Hancock (NASDAQ:HBHC)

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