News articles about Hancock (NASDAQ:HBHC) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Hancock earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 47.1300692365114 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news headlines that may have effected Accern Sentiment’s scoring:
- Zacks: Brokerages Anticipate Hancock Holding (HBHC) Will Announce Quarterly Sales of $281.83 Million (americanbankingnews.com)
- Hancock Holding to Post Q1 2019 Earnings of $0.97 Per Share, FIG Partners Forecasts (HBHC) (americanbankingnews.com)
- Brokerages Expect Hancock Holding (HBHC) Will Post Earnings of $0.89 Per Share (americanbankingnews.com)
- Hancock Holding (HBHC) Presents At Raymond James 39th Annual Institutional Investors Conference – Slideshow (seekingalpha.com)
- Three Important Risk Metrics For Hancock Holding Company (NASDAQ:HBHC) You Should Know (finance.yahoo.com)
A number of research analysts have recently weighed in on the company. BidaskClub downgraded Hancock from a “buy” rating to a “hold” rating in a research note on Friday, December 29th. Zacks Investment Research raised Hancock from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research note on Tuesday, December 19th. SunTrust Banks reissued a “hold” rating and issued a $53.00 price target on shares of Hancock in a research note on Wednesday, November 29th. Hovde Group raised Hancock from a “market perform” rating to an “outperform” rating and set a $58.00 price target on the stock in a research note on Wednesday, December 27th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $62.00 price target on shares of Hancock in a research note on Friday, January 19th. Six research 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 presently has a consensus rating of “Buy” and a consensus price target of $56.75.
Hancock (NASDAQ:HBHC) last released its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.86 EPS for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.03. Hancock had a net margin of 18.46% and a return on equity of 8.96%. The business had revenue of $277.74 million during the quarter, compared to analysts’ expectations of $282.68 million. During the same quarter in the prior year, the company earned $0.64 EPS. sell-side analysts forecast that Hancock will post 3.82 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Monday, March 5th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend is Friday, March 2nd. Hancock’s dividend payout ratio is currently 35.42%.
In related news, insider Joseph S. Exnicios sold 1,000 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $53.40, for a total value of $53,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert W. Roseberry sold 25,000 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $54.00, for a total transaction of $1,350,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,631 shares of company stock valued at $1,603,015. 1.15% of the stock is owned by corporate insiders.
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.
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