Hancock Holding Company (NASDAQ:HBHC) – Investment analysts at Jefferies Group increased their Q4 2017 EPS estimates for Hancock Holding in a research note issued to investors on Friday. Jefferies Group analyst C. Haire now expects that the financial services provider will post earnings per share of $0.84 for the quarter, up from their previous estimate of $0.79. Jefferies Group currently has a “Hold” rating and a $51.00 target price on the stock.
Hancock Holding (NASDAQ:HBHC) last released its earnings results on Tuesday, July 18th. The financial services provider reported $0.68 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.68. Hancock Holding had a return on equity of 7.85% and a net margin of 18.91%. The company had revenue of $267.20 million for the quarter, compared to analysts’ expectations of $265.03 million. During the same quarter in the previous year, the business posted $0.59 EPS. COPYRIGHT VIOLATION WARNING: This article was first posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this article on another publication, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright laws. The correct version of this article can be viewed at https://www.chaffeybreeze.com/2017/07/25/jefferies-group-equities-analysts-raise-earnings-estimates-for-hancock-holding-company-nasdaqhbhc.html.
A number of other equities research analysts have also commented on the company. Zacks Investment Research lowered Hancock Holding from a “buy” rating to a “hold” rating in a research report on Monday. BidaskClub lowered Hancock Holding from a “buy” rating to a “hold” rating in a research report on Monday. ValuEngine upgraded Hancock Holding from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Piper Jaffray Companies upgraded Hancock Holding from a “neutral” rating to an “overweight” rating in a report on Friday, May 12th. Finally, Stephens reiterated a “hold” rating on shares of Hancock Holding in a report on Friday, April 28th. Eight analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $47.47.
Hancock Holding (NASDAQ HBHC) traded up 2.516% during trading on Monday, reaching $47.875. The company’s stock had a trading volume of 265,896 shares. The firm has a market cap of $4.06 billion, a P/E ratio of 20.006 and a beta of 0.86. The stock’s 50 day moving average is $48.41 and its 200-day moving average is $46.71. Hancock Holding has a 52 week low of $28.04 and a 52 week high of $52.94.
A number of hedge funds have recently added to or reduced their stakes in HBHC. PNC Financial Services Group Inc. boosted its stake in Hancock Holding by 72.2% in the first quarter. PNC Financial Services Group Inc. now owns 2,239 shares of the financial services provider’s stock valued at $101,000 after buying an additional 939 shares during the last quarter. Glen Harbor Capital Management LLC boosted its stake in Hancock Holding by 0.7% in the first quarter. Glen Harbor Capital Management LLC now owns 2,272 shares of the financial services provider’s stock valued at $103,000 after buying an additional 16 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Hancock Holding during the first quarter valued at $118,000. Tyers Asset Management LLC boosted its stake in Hancock Holding by 0.7% in the first quarter. Tyers Asset Management LLC now owns 3,124 shares of the financial services provider’s stock valued at $142,000 after buying an additional 22 shares during the last quarter. Finally, Flinton Capital Management LLC boosted its stake in Hancock Holding by 0.7% in the first quarter. Flinton Capital Management LLC now owns 3,976 shares of the financial services provider’s stock valued at $181,000 after buying an additional 28 shares during the last quarter. 77.63% of the stock is owned by institutional investors and hedge funds.
In other news, insider Michael K. Dickerson sold 8,413 shares of Hancock Holding stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $47.99, for a total transaction of $403,739.87. Following the completion of the transaction, the insider now directly owns 4,401 shares in the company, valued at approximately $211,203.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John M. Hairston sold 41,903 shares of Hancock Holding stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $47.81, for a total value of $2,003,382.43. Following the transaction, the chief executive officer now owns 73,544 shares of the company’s stock, valued at $3,516,138.64. The disclosure for this sale can be found here. Insiders have sold a total of 70,669 shares of company stock valued at $3,424,090 over the last quarter. 1.15% of the stock is currently owned by corporate insiders.
About Hancock Holding
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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