Hancock Holding (NASDAQ:HBHC) – Equities research analysts at Jefferies Group raised their Q4 2018 earnings estimates for Hancock in a research report issued on Friday. Jefferies Group analyst C. Haire now forecasts that the financial services provider will post earnings of $1.03 per share for the quarter, up from their prior estimate of $0.99. Jefferies Group currently has a “Hold” rating and a $52.00 price target on the stock. Jefferies Group also issued estimates for Hancock’s FY2019 earnings at $4.25 EPS.
Other research analysts also recently issued reports about the stock. Sandler O’Neill reaffirmed a “buy” rating and issued a $61.00 target price on shares of Hancock in a research report on Friday. BidaskClub downgraded shares of Hancock from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $62.00 target price on shares of Hancock in a research report on Friday. SunTrust Banks reaffirmed a “hold” rating and issued a $57.00 target price on shares of Hancock in a research report on Tuesday, January 9th. Finally, Hovde Group raised shares of Hancock from a “market perform” rating to an “outperform” rating and set a $58.00 target price on the stock in a research report on Wednesday, December 27th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average 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, beating the Zacks’ consensus estimate of $0.83 by $0.03. The firm had revenue of $277.74 million for the quarter, compared to the consensus estimate of $282.68 million. Hancock had a net margin of 18.46% and a return on equity of 8.96%. During the same period last year, the firm posted $0.64 EPS.
In related news, insider Samuel B. Kendricks sold 2,982 shares of the 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.15% of the stock is owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its stake in shares of Hancock by 25.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,820 shares of the financial services provider’s stock worth $137,000 after acquiring an additional 581 shares during the period. Sabal Trust CO acquired a new stake in shares of Hancock in the third quarter valued at about $216,000. Adviser Investments LLC acquired a new stake in shares of Hancock in the third quarter valued at about $224,000. Quantbot Technologies LP lifted its stake in shares of Hancock by 82.0% in the second 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 during the period. Finally, AE Wealth Management LLC acquired a new stake in shares of Hancock in the third quarter valued at about $278,000. Institutional investors own 77.17% 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.
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