Hancock Holding (HBHC) Given Average Rating of “Buy” by Brokerages

Shares of Hancock Holding (NASDAQ:HBHC) have received an average rating of “Buy” from the eleven brokerages that are covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $56.75.

A number of brokerages have recently commented on HBHC. Sandler O’Neill reaffirmed a “buy” rating and issued a $61.00 price target on shares of Hancock in a research note on Friday, January 19th. BidaskClub upgraded Hancock from a “hold” rating to a “buy” rating in a research report on Thursday, January 11th. SunTrust Banks reiterated a “hold” rating and issued a $53.00 price objective on shares of Hancock in a research report on Wednesday, November 29th. ValuEngine lowered Hancock from a “buy” rating to a “hold” rating in a research report on Friday, November 17th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $62.00 price objective on shares of Hancock in a research report on Friday, January 19th.

In other Hancock news, insider Joseph S. Exnicios sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $53.40, for a total transaction of $53,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frank E. Bertucci sold 3,031 shares of the company’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $55.00, for a total value of $166,705.00. The disclosure for this sale can be found here. Insiders sold a total of 7,613 shares of company stock valued at $398,000 over the last quarter. 1.15% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the business. Bank of Nova Scotia acquired a new position in Hancock during the 2nd quarter worth approximately $1,840,000. Heartland Advisors Inc. boosted its position in Hancock by 17.6% during the 3rd quarter. Heartland Advisors Inc. now owns 166,947 shares of the financial services provider’s stock worth $8,089,000 after acquiring an additional 25,000 shares during the last quarter. Stevens Capital Management LP acquired a new position in Hancock during the 3rd quarter worth approximately $671,000. JPMorgan Chase & Co. boosted its position 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 worth $78,633,000 after acquiring an additional 16,814 shares during the last quarter. Finally, Dalton Greiner Hartman Maher & Co. boosted its position in Hancock by 3.6% during the 4th quarter. Dalton Greiner Hartman Maher & Co. now owns 374,179 shares of the financial services provider’s stock worth $18,522,000 after acquiring an additional 13,174 shares during the last quarter. 76.76% of the stock is owned by hedge funds and other institutional investors.

Shares of Hancock (NASDAQ:HBHC) opened at $51.70 on Tuesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.79 and a quick ratio of 0.79. The company has a market capitalization of $4,420.88, a PE ratio of 20.76, a PEG ratio of 1.70 and a beta of 1.02. Hancock has a 52 week low of $41.05 and a 52 week high of $56.20.

Hancock (NASDAQ:HBHC) last announced its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.03. The company had revenue of $277.74 million during the quarter, compared to analysts’ expectations of $282.68 million. Hancock had a return on equity of 8.96% and a net margin of 18.46%. During the same period in the prior year, the business posted $0.64 EPS. sell-side analysts predict that Hancock will post 3.82 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Monday, March 5th will be given a $0.24 dividend. The ex-dividend date is Friday, March 2nd. This represents a $0.96 annualized dividend and a dividend yield of 1.86%. Hancock’s dividend payout ratio is presently 38.55%.

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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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