Hancock Holding Co. (NASDAQ:HBHC) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, October 18th. Analysts expect the company to announce earnings of $0.58 per share for the quarter.
Hancock Holding (NASDAQ:HBHC) last announced its quarterly earnings data on Wednesday, July 20th. The financial services provider reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.14. Hancock Holding had a return on equity of 4.53% and a net margin of 11.20%. The business earned $229 million during the quarter, compared to analyst estimates of $229.18 million. During the same period in the prior year, the company earned $0.51 earnings per share. Hancock Holding’s revenue was up 7.7% compared to the same quarter last year. On average, analysts expect Hancock Holding to post $1.84 EPS for the current fiscal year and $2.35 EPS for the next fiscal year.
Hancock Holding Co. (NASDAQ:HBHC) opened at 32.46 on Friday. The firm’s 50-day moving average price is $32.24 and its 200 day moving average price is $28.07. Hancock Holding Co. has a one year low of $20.01 and a one year high of $33.39. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 24.08 and a beta of 0.87.
In other news, EVP Stephen E. Barker sold 2,550 shares of the business’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $29.45, for a total transaction of $75,097.50. Following the completion of the sale, the executive vice president now owns 9,966 shares of the company’s stock, valued at approximately $293,498.70. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider George A. Schloegel acquired 4,633 shares of the business’s stock in a transaction dated Thursday, August 4th. The shares were acquired at an average cost of $28.64 per share, with a total value of $132,689.12. Following the transaction, the insider now owns 257,351 shares in the company, valued at $7,370,532.64. The disclosure for this purchase can be found here. 1.45% of the stock is currently owned by company insiders.
Large investors have recently modified their holdings of the stock. Raymond James & Associates acquired a new stake in shares of Hancock Holding during the second quarter worth about $269,000. Sei Investments Co. increased its stake in shares of Hancock Holding by 18.1% in the second quarter. Sei Investments Co. now owns 10,360 shares of the financial services provider’s stock worth $271,000 after buying an additional 1,586 shares during the last quarter. Barclays PLC increased its stake in shares of Hancock Holding by 1,490.5% in the second quarter. Barclays PLC now owns 13,726 shares of the financial services provider’s stock worth $358,000 after buying an additional 12,863 shares during the last quarter. Summit Securities Group LLC acquired a new stake in shares of Hancock Holding during the second quarter worth about $453,000. Finally, Profund Advisors LLC increased its stake in shares of Hancock Holding by 16.0% in the second quarter. Profund Advisors LLC now owns 17,732 shares of the financial services provider’s stock worth $463,000 after buying an additional 2,447 shares during the last quarter. 81.16% of the stock is owned by hedge funds and other institutional investors.
HBHC has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Hancock Holding from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a report on Tuesday, July 26th. TheStreet upgraded shares of Hancock Holding from a “hold” rating to a “buy” rating in a report on Thursday, July 14th. Jefferies Group reiterated a “hold” rating and set a $28.00 target price on shares of Hancock Holding in a report on Thursday, July 7th. Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Hancock Holding in a report on Wednesday. Finally, Hovde Group lifted their target price on shares of Hancock Holding from $27.00 to $32.00 and gave the company a “market perform” rating in a report on Tuesday, July 26th. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Hancock Holding presently has an average rating of “Hold” and a consensus price target of $29.57.
Hancock Holding Company Profile
Hancock Holding Company (Hancock) is a financial services company that provides a network of service financial choices to the Gulf South region through its bank subsidiary, Whitney Bank, a Mississippi state bank. The Company operates through overall banking operations segment. Whitney Bank operates under brands, such as Hancock Bank in Mississippi, Alabama and Florida and Whitney Bank in Louisiana and Texas.
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