Somewhat Positive Media Coverage Somewhat Unlikely to Impact Hancock (HBHC) Share Price

Media headlines about Hancock (NASDAQ:HBHC) have trended somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Hancock earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 46.7326743900054 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the news stories that may have impacted Accern’s analysis:

Several analysts recently commented on HBHC shares. SunTrust Banks reaffirmed a “hold” rating and set a $59.00 target price on shares of Hancock in a report on Friday, January 19th. Sandler O’Neill upgraded shares of Hancock from a “hold” rating to a “buy” rating in a research note on Thursday, January 4th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $62.00 price objective on shares of Hancock in a research note on Friday, January 19th. BidaskClub upgraded shares of Hancock from a “hold” rating to a “buy” rating in a research report on Thursday, January 11th. Finally, Zacks Investment Research upgraded shares of Hancock from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research report on Tuesday, December 19th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $57.86.

Hancock (HBHC) traded up $0.25 on Thursday, reaching $51.70. 412,396 shares of the company’s stock were exchanged, compared to its average volume of 581,296. Hancock has a 52-week low of $41.05 and a 52-week high of $56.40. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.11. The company has a market cap of $4,390.95, a price-to-earnings ratio of 20.76, a price-to-earnings-growth ratio of 1.65 and a beta of 1.03.

Hancock (NASDAQ:HBHC) last posted its earnings results on Wednesday, January 17th. The financial services provider reported $0.86 earnings per share for the quarter, topping 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 firm had revenue of $277.74 million for the quarter, compared to analyst estimates of $282.68 million. During the same period in the previous year, the firm posted $0.64 EPS. research analysts expect that Hancock will post 3.83 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Monday, March 5th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date was Friday, March 2nd. Hancock’s dividend payout ratio is currently 38.55%.

In other news, 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 value of $1,350,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Stephen E. Barker sold 3,572 shares of the business’s stock in a transaction on Wednesday, March 14th. The shares were sold at an average price of $55.70, for a total transaction of $198,960.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 47,833 shares of company stock worth $2,613,063. Insiders own 1.15% of the company’s stock.

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About Hancock

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.

Insider Buying and Selling by Quarter for Hancock (NASDAQ:HBHC)

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