SunTrust Banks Weighs in on Hancock Holding’s Q1 2018 Earnings (HBHC)

Hancock Holding (NASDAQ:HBHC) – Equities research analysts at SunTrust Banks increased their Q1 2018 earnings estimates for Hancock in a report issued on Thursday. SunTrust Banks analyst J. Demba now anticipates that the financial services provider will earn $0.92 per share for the quarter, up from their prior estimate of $0.83. SunTrust Banks has a “Hold” rating and a $59.00 price objective on the stock. SunTrust Banks also issued estimates for Hancock’s Q4 2018 earnings at $0.97 EPS, FY2018 earnings at $3.77 EPS, Q4 2019 earnings at $1.03 EPS and FY2019 earnings at $4.12 EPS.

A number of other analysts also recently commented on the company. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $62.00 price objective on shares of Hancock in a research report on Friday. Sandler O’Neill reiterated a “buy” rating and issued a $61.00 price objective on shares of Hancock in a research report on Friday. BidaskClub upgraded Hancock from a “hold” rating to a “buy” rating in a research report on Thursday, January 11th. 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 research report on Wednesday, December 27th. Finally, 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 research report on Tuesday, December 19th. 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 stock. Hancock presently has an average rating of “Buy” and a consensus price target of $56.10.

Shares of Hancock (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 52-week low of $41.05 and a 52-week high of $56.15. The company has a market capitalization of $4,780.00, a P/E ratio of 22.53, a price-to-earnings-growth ratio of 1.90 and a beta of 0.91.

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

In other news, insider Samuel B. Kendricks sold 2,982 shares of the 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.15% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Hancock by 4.1% during the 2nd 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. Macquarie Group Ltd. increased its holdings in Hancock by 6.6% during the 3rd quarter. Macquarie Group Ltd. now owns 2,712,351 shares of the financial services provider’s stock valued at $131,414,000 after purchasing an additional 166,902 shares in the last quarter. Northern Trust Corp increased its holdings in Hancock by 22.3% during the 2nd quarter. Northern Trust Corp now owns 1,659,620 shares of the financial services provider’s stock valued at $81,321,000 after purchasing an additional 302,101 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Hancock by 1.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,622,960 shares of the financial services provider’s stock valued at $78,633,000 after purchasing an additional 16,814 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in Hancock by 5.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,360,353 shares of the financial services provider’s stock valued at $65,909,000 after purchasing an additional 66,884 shares in the last quarter. 77.21% of the stock is owned by institutional investors and hedge funds.

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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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