Hancock Holding (NASDAQ:HBHC) has been given a consensus recommendation of “Hold” by the twelve brokerages that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, five have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $51.78.
A number of brokerages recently commented on HBHC. ValuEngine downgraded Hancock from a “buy” rating to a “hold” rating in a report on Friday, November 17th. Piper Jaffray Companies reissued an “overweight” rating and issued a $52.00 price target on shares of Hancock in a report on Thursday, October 5th. Zacks Investment Research downgraded Hancock from a “hold” rating to a “sell” rating in a report on Friday, October 6th. Jefferies Group reissued a “hold” rating and issued a $52.00 price target on shares of Hancock in a report on Thursday, October 12th. Finally, SunTrust Banks reissued a “hold” rating and issued a $53.00 price target on shares of Hancock in a report on Wednesday.
Hancock (NASDAQ HBHC) traded up $0.05 during mid-day trading on Thursday, hitting $51.40. The stock had a trading volume of 638,569 shares, compared to its average volume of 455,271. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.12. Hancock has a fifty-two week low of $40.95 and a fifty-two week high of $53.35. The firm has a market capitalization of $4,380.00, a price-to-earnings ratio of 18.97, a P/E/G ratio of 2.35 and a beta of 0.91.
Hancock (NASDAQ:HBHC) last posted its earnings results on Tuesday, October 17th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Hancock had a return on equity of 8.27% and a net margin of 19.08%. The business had revenue of $269.97 million during the quarter, compared to analyst estimates of $279.80 million. During the same quarter last year, the firm earned $0.59 earnings per share. research analysts expect that Hancock will post 2.74 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Tuesday, December 5th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date is Monday, December 4th. Hancock’s dividend payout ratio is presently 38.55%.
In other Hancock news, insider Samuel B. Kendricks sold 2,982 shares of the stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $48.62, for a total transaction of $144,984.84. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Cecil W. Knight, Jr. bought 2,000 shares of Hancock 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. Company insiders own 1.15% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. raised its position in shares of Hancock by 25.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,820 shares of the financial services provider’s stock worth $137,000 after purchasing an additional 581 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Hancock 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 period. Hayek Kallen Investment Management acquired a new stake in shares of Hancock during the 2nd quarter worth approximately $204,000. Canada Pension Plan Investment Board acquired a new stake in shares of Hancock during the 2nd quarter worth approximately $216,000. Finally, Sabal Trust CO acquired a new stake in shares of Hancock during the 3rd quarter worth approximately $216,000. 77.19% of the stock is currently owned by institutional investors.
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.
Receive News & Ratings for Hancock Holding Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hancock Holding and related companies with MarketBeat.com's FREE daily email newsletter.