Hancock Holding Company (HBHC) Earns Hold Rating from SunTrust Banks, Inc.

SunTrust Banks, Inc. restated their hold rating on shares of Hancock Holding Company (NASDAQ:HBHC) in a research report sent to investors on Wednesday. The firm currently has a $50.00 price target on the financial services provider’s stock.

Several other research firms also recently commented on HBHC. Jefferies Group LLC restated a hold rating and issued a $51.00 price target on shares of Hancock Holding in a research note on Friday, July 14th. Zacks Investment Research upgraded shares of Hancock Holding from a hold rating to a buy rating and set a $56.00 price target for the company in a research note on Tuesday, July 18th. BidaskClub downgraded shares of Hancock Holding from a buy rating to a hold rating in a research note on Friday, June 23rd. Piper Jaffray Companies set a $52.00 price target on shares of Hancock Holding and gave the stock a buy rating in a research note on Thursday, August 24th. Finally, Keefe, Bruyette & Woods set a $50.00 price target on shares of Hancock Holding and gave the stock a hold rating in a research note on Friday, August 11th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $51.81.

Hancock Holding (NASDAQ:HBHC) traded down 0.21% during mid-day trading on Wednesday, reaching $48.65. The company’s stock had a trading volume of 324,815 shares. The company’s 50-day moving average price is $45.11 and its 200 day moving average price is $46.38. Hancock Holding has a 52 week low of $31.73 and a 52 week high of $52.94. The firm has a market capitalization of $4.12 billion, a price-to-earnings ratio of 20.30 and a beta of 0.88.

Hancock Holding (NASDAQ:HBHC) last posted its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.68 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.68. The business had revenue of $267.20 million during the quarter, compared to the consensus estimate of $265.03 million. Hancock Holding had a net margin of 18.91% and a return on equity of 7.85%. During the same quarter in the previous year, the firm posted $0.59 earnings per share. On average, equities analysts forecast that Hancock Holding will post $2.71 earnings per share for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Tuesday, September 5th were given a dividend of $0.24 per share. The ex-dividend date was Thursday, August 31st. This represents a $0.96 annualized dividend and a dividend yield of 1.97%. Hancock Holding’s dividend payout ratio (DPR) is currently 40.00%.

In other news, CEO John M. Hairston sold 12,240 shares of Hancock Holding stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $46.60, for a total transaction of $570,384.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Cecil W. Knight, Jr. acquired 2,000 shares of the firm’s stock in a transaction dated Thursday, September 7th. The shares were purchased at an average cost of $41.40 per share, with a total value of $82,800.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 17,909 shares of company stock valued at $827,307. Corporate insiders own 1.15% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in HBHC. PNC Financial Services Group Inc. lifted its position in shares of Hancock Holding by 72.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,239 shares of the financial services provider’s stock worth $101,000 after purchasing an additional 939 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Hancock Holding during the 1st quarter worth $118,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Hancock Holding by 14.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,248 shares of the financial services provider’s stock worth $159,000 after purchasing an additional 404 shares during the last quarter. Hayek Kallen Investment Management purchased a ne

Several other research firms also recently commented on HBHC. Jefferies Group LLC restated a hold rating and issued a $51.00 price target on shares of Hancock Holding in a research note on Friday, July 14th. Zacks Investment Research upgraded shares of Hancock Holding from a hold rating to a buy rating and set a $56.00 price target for the company in a research note on Tuesday, July 18th. BidaskClub downgraded shares of Hancock Holding from a buy rating to a hold rating in a research note on Friday, June 23rd. Piper Jaffray Companies set a $52.00 price target on shares of Hancock Holding and gave the stock a buy rating in a research note on Thursday, August 24th. Finally, Keefe, Bruyette & Woods set a $50.00 price target on shares of Hancock Holding and gave the stock a hold rating in a research note on Friday, August 11th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $51.81.

Hancock Holding (NASDAQ:HBHC) traded down 0.21% during mid-day trading on Wednesday, reaching $48.65. The company’s stock had a trading volume of 324,815 shares. The company’s 50-day moving average price is $45.11 and its 200 day moving average price is $46.38. Hancock Holding has a 52 week low of $31.73 and a 52 week high of $52.94. The firm has a market capitalization of $4.12 billion, a price-to-earnings ratio of 20.30 and a beta of 0.88.

Hancock Holding (NASDAQ:HBHC) last posted its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.68 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.68. The business had revenue of $267.20 million during the quarter, compared to the consensus estimate of $265.03 million. Hancock Holding had a net margin of 18.91% and a return on equity of 7.85%. During the same quarter in the previous year, the firm posted $0.59 earnings per share. On average, equities analysts forecast that Hancock Holding will post $2.71 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Hancock Holding Company (HBHC) Earns Hold Rating from SunTrust Banks, Inc.” was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another site, it was copied illegally and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this story can be read at https://ledgergazette.com/2017/10/08/hancock-holding-company-hbhc-earns-hold-rating-from-suntrust-banks-inc.html.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Tuesday, September 5th were given a dividend of $0.24 per share. The ex-dividend date was Thursday, August 31st. This represents a $0.96 annualized dividend and a dividend yield of 1.97%. Hancock Holding’s dividend payout ratio (DPR) is currently 40.00%.

In other news, CEO John M. Hairston sold 12,240 shares of Hancock Holding stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $46.60, for a total transaction of $570,384.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Cecil W. Knight, Jr. acquired 2,000 shares of the firm’s stock in a transaction dated Thursday, September 7th. The shares were purchased at an average cost of $41.40 per share, with a total value of $82,800.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 17,909 shares of company stock valued at $827,307. Corporate insiders own 1.15% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in HBHC. PNC Financial Services Group Inc. lifted its position in shares of Hancock Holding by 72.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,239 shares of the financial services provider’s stock worth $101,000 after purchasing an additional 939 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Hancock Holding during the 1st quarter worth $118,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Hancock Holding by 14.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,248 shares of the financial services provider’s stock worth $159,000 after purchasing an additional 404 shares during the last quarter. Hayek Kallen Investment Management purchased a new stake in shares of Hancock Holding during the 2nd quarter worth $204,000. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Hancock Holding during the 2nd quarter worth $216,000. 76.98% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Hancock Holding (NASDAQ:HBHC)

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