Hancock Holding Company (HBHC) Rating Reiterated by Piper Jaffray Companies

Piper Jaffray Companies reiterated their overweight rating on shares of Hancock Holding Company (NASDAQ:HBHC) in a research note released on Thursday morning, MarketBeat.com reports. Piper Jaffray Companies currently has a $52.00 price objective on the financial services provider’s stock.

HBHC has been the subject of a number of other reports. Keefe, Bruyette & Woods raised Hancock Holding from a market perform rating to an outperform rating and set a $50.00 price objective for the company in a report on Monday, August 21st. Zacks Investment Research lowered Hancock Holding from a hold rating to a sell rating in a report on Tuesday, September 19th. SunTrust Banks, Inc. restated a hold rating and issued a $50.00 target price on shares of Hancock Holding in a research report on Wednesday, October 4th. BidaskClub downgraded Hancock Holding from a hold rating to a sell rating in a research report on Saturday, August 12th. Finally, Jefferies Group LLC restated a hold rating and issued a $51.00 target price on shares of Hancock Holding in a research report on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $51.81.

Shares of Hancock Holding (NASDAQ:HBHC) opened at 48.65 on Thursday. Hancock Holding has a 12-month low of $31.73 and a 12-month high of $52.94. The stock has a 50 day moving average price of $45.11 and a 200 day moving average price of $46.38. The firm has a market capitalization of $4.12 billion, a PE ratio of 20.30 and a beta of 0.88.

Hancock Holding (NASDAQ:HBHC) last issued its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.68. Hancock Holding had a return on equity of 7.85% and a net margin of 18.91%. The business had revenue of $267.20 million during the quarter, compared to analyst estimates of $265.03 million. During the same period in the prior year, the company posted $0.59 EPS. Analysts predict that Hancock Holding will post $2.71 EPS for the current fiscal year.

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The business 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 of this dividend was Thursday, August 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.97%. Hancock Holding’s dividend payout ratio (DPR) is presently 40.00%.

In other Hancock Holding news, Director Randall W. Hanna sold 2,300 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $43.93, for a total transaction of $101,039.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Cecil W. Knight, Jr. bought 2,000 shares of the business’s stock in a transaction on Thursday, September 7th. The shares were purchased at an average cost of $41.40 per share, for a total transaction of $82,800.00. The disclosure for this purchase can be found here. Insiders have sold a total of 17,909 shares of company stock valued at $827,307 in the last quarter. Insiders own 1.15% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. Suntrust Banks Inc. increased its stake in shares of Hancock Holding by 0.7% in the second quarter. Suntrust Banks Inc. now owns 16,558 shares of the financial services provider’s stock worth $810,000 after acquiring an additional 110 shares during the last quarter. Advisor Group Inc. increased its stake in shares of Hancock Holding by 1.2% in the second quarter. Advisor Group Inc. now owns 9,304 shares of the financial services provider’s stock worth $412,000 after acquiring an additional 113 shares during the last quarter. World Asset Management Inc increased its stake in shares of Hancock Holding by 2.3% in the second quarter. World Asset Management Inc now owns 5,342 shares of the financial services provider’s stock worth $262,000 after acquiring an additional 119 shares during the last quarter. Teacher Retirement System of Texas increased its stake in shares of Hancock Holding by 2.2% in the second quarter. Teacher Retirement System of Texas now owns 6,774 shares of the financial services provider’s stock worth $332,000 after acquiring an additional 147 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of Hancock Holding by 2.9% in the first quarter. Envestnet Asset Management Inc. now owns

HBHC has been the subject of a number of other reports. Keefe, Bruyette & Woods raised Hancock Holding from a market perform rating to an outperform rating and set a $50.00 price objective for the company in a report on Monday, August 21st. Zacks Investment Research lowered Hancock Holding from a hold rating to a sell rating in a report on Tuesday, September 19th. SunTrust Banks, Inc. restated a hold rating and issued a $50.00 target price on shares of Hancock Holding in a research report on Wednesday, October 4th. BidaskClub downgraded Hancock Holding from a hold rating to a sell rating in a research report on Saturday, August 12th. Finally, Jefferies Group LLC restated a hold rating and issued a $51.00 target price on shares of Hancock Holding in a research report on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $51.81.

Shares of Hancock Holding (NASDAQ:HBHC) opened at 48.65 on Thursday. Hancock Holding has a 12-month low of $31.73 and a 12-month high of $52.94. The stock has a 50 day moving average price of $45.11 and a 200 day moving average price of $46.38. The firm has a market capitalization of $4.12 billion, a PE ratio of 20.30 and a beta of 0.88.

Hancock Holding (NASDAQ:HBHC) last issued its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.68. Hancock Holding had a return on equity of 7.85% and a net margin of 18.91%. The business had revenue of $267.20 million during the quarter, compared to analyst estimates of $265.03 million. During the same period in the prior year, the company posted $0.59 EPS. Analysts predict that Hancock Holding will post $2.71 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This piece was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece on another site, it was stolen and reposted in violation of United States and international trademark & copyright legislation. The correct version of this piece can be accessed at https://ledgergazette.com/2017/10/09/hancock-holding-company-hbhc-rating-reiterated-by-piper-jaffray-companies.html.

The business 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 of this dividend was Thursday, August 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.97%. Hancock Holding’s dividend payout ratio (DPR) is presently 40.00%.

In other Hancock Holding news, Director Randall W. Hanna sold 2,300 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $43.93, for a total transaction of $101,039.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Cecil W. Knight, Jr. bought 2,000 shares of the business’s stock in a transaction on Thursday, September 7th. The shares were purchased at an average cost of $41.40 per share, for a total transaction of $82,800.00. The disclosure for this purchase can be found here. Insiders have sold a total of 17,909 shares of company stock valued at $827,307 in the last quarter. Insiders own 1.15% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. Suntrust Banks Inc. increased its stake in shares of Hancock Holding by 0.7% in the second quarter. Suntrust Banks Inc. now owns 16,558 shares of the financial services provider’s stock worth $810,000 after acquiring an additional 110 shares during the last quarter. Advisor Group Inc. increased its stake in shares of Hancock Holding by 1.2% in the second quarter. Advisor Group Inc. now owns 9,304 shares of the financial services provider’s stock worth $412,000 after acquiring an additional 113 shares during the last quarter. World Asset Management Inc increased its stake in shares of Hancock Holding by 2.3% in the second quarter. World Asset Management Inc now owns 5,342 shares of the financial services provider’s stock worth $262,000 after acquiring an additional 119 shares during the last quarter. Teacher Retirement System of Texas increased its stake in shares of Hancock Holding by 2.2% in the second quarter. Teacher Retirement System of Texas now owns 6,774 shares of the financial services provider’s stock worth $332,000 after acquiring an additional 147 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of Hancock Holding by 2.9% in the first quarter. Envestnet Asset Management Inc. now owns 6,515 shares of the financial services provider’s stock worth $296,000 after acquiring an additional 185 shares during the last quarter. 76.98% of the stock is currently owned by institutional investors.

Hancock Holding 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 Holding (NASDAQ:HBHC)

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