Analysts forecast that Hancock Holding (NASDAQ:HBHC) will report sales of $281.83 million for the current quarter, according to Zacks. Four analysts have provided estimates for Hancock’s earnings, with estimates ranging from $279.90 million to $284.80 million. Hancock posted sales of $245.18 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 14.9%. The business is scheduled to issue its next earnings results on Tuesday, April 17th.
According to Zacks, analysts expect that Hancock will report full-year sales of $281.83 million for the current fiscal year, with estimates ranging from $1.18 billion to $1.20 billion. For the next financial year, analysts expect that the business will report sales of $1.26 billion per share, with estimates ranging from $1.25 billion to $1.28 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Hancock.
Hancock (NASDAQ:HBHC) last issued its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.86 earnings per share 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 business had revenue of $277.74 million for the quarter, compared to the consensus estimate of $282.68 million. During the same quarter in the previous year, the firm earned $0.64 earnings per share.
In related news, insider Samuel B. Kendricks sold 2,982 shares of the company’s 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Frank E. Bertucci sold 3,031 shares of the company’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $55.00, for a total transaction of $166,705.00. The disclosure for this sale can be found here. Insiders sold 7,613 shares of company stock worth $398,000 in the last three months. Insiders own 1.15% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Bank of Nova Scotia purchased a new stake in Hancock during the second quarter valued at $1,840,000. Flinton Capital Management LLC raised its stake in Hancock by 72.5% during 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. increased its position in Hancock by 17.6% during the third quarter. Heartland Advisors Inc. now owns 166,947 shares of the financial services provider’s stock valued at $8,089,000 after acquiring an additional 25,000 shares during the last quarter. Stevens Capital Management LP bought a new position in Hancock during the third quarter valued at $671,000. Finally, JPMorgan Chase & Co. increased its position in Hancock by 1.0% during the third quarter. JPMorgan Chase & Co. now owns 1,622,960 shares of the financial services provider’s stock valued at $78,633,000 after acquiring an additional 16,814 shares during the last quarter. 77.20% of the stock is currently owned by institutional investors.
Hancock (HBHC) opened at $54.35 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.11. Hancock has a 1-year low of $41.05 and a 1-year high of $56.20. The firm has a market cap of $4,590.00, a P/E ratio of 21.92, a price-to-earnings-growth ratio of 1.80 and a beta of 1.02.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Monday, March 5th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend is Friday, March 2nd. Hancock’s dividend payout ratio (DPR) is presently 38.71%.
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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