SunTrust Banks Analysts Raise Earnings Estimates for Hancock Holding (HBHC)

Hancock Holding (NASDAQ:HBHC) – Analysts at SunTrust Banks boosted their FY2019 earnings estimates for shares of Hancock in a research report issued on Monday, Zacks Investment Research reports. SunTrust Banks analyst J. Demba now anticipates that the financial services provider will post earnings per share of $4.08 for the year, up from their prior estimate of $3.67. SunTrust Banks has a “Hold” rating and a $57.00 price target on the stock.

Other equities analysts also recently issued reports about the company. BidaskClub downgraded Hancock from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Sandler O’Neill upgraded Hancock from a “hold” rating to a “buy” rating in a research note on Thursday, January 4th. Hovde Group upgraded Hancock from a “market perform” rating to an “outperform” rating and set a $58.00 target price for the company in a research note on Wednesday, December 27th. Zacks Investment Research upgraded Hancock from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research note on Tuesday, December 19th. Finally, ValuEngine cut Hancock from a “buy” rating to a “hold” rating in a research note on Friday, November 17th. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $53.23.

Shares of Hancock (NASDAQ:HBHC) traded up $0.90 during trading on Wednesday, hitting $54.45. The stock had a trading volume of 651,279 shares, compared to its average volume of 629,509. Hancock has a 1-year low of $41.05 and a 1-year high of $54.55. The firm has a market capitalization of $4,620.00, a P/E ratio of 21.87, a PEG ratio of 1.82 and a beta of 0.91. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.82 and a current ratio of 0.82.

Hancock (NASDAQ:HBHC) last announced its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $0.76 EPS for the quarter, topping the Zacks’ consensus estimate 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 the consensus estimate of $279.80 million. During the same period in the previous year, the company posted $0.59 earnings per share.

Hedge funds and other institutional investors have recently modified their holdings of the business. PNC Financial Services Group Inc. lifted its stake in Hancock by 25.9% in the second quarter. PNC Financial Services Group Inc. now owns 2,820 shares of the financial services provider’s stock valued at $137,000 after buying an additional 581 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Hancock by 14.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,248 shares of the financial services provider’s stock valued at $159,000 after buying an additional 404 shares during the last quarter. Sabal Trust CO purchased a new stake in Hancock in the third quarter valued at approximately $216,000. Adviser Investments LLC purchased a new stake in Hancock in the third quarter valued at approximately $224,000. Finally, Quantbot Technologies LP lifted its stake in Hancock by 82.0% in the second quarter. Quantbot Technologies LP now owns 4,745 shares of the financial services provider’s stock valued at $232,000 after buying an additional 2,138 shares during the last quarter. Institutional investors own 77.21% of the company’s stock.

In other Hancock news, insider Samuel B. Kendricks sold 2,982 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $48.62, for a total value of $144,984.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.15% of the stock is owned by insiders.

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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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Earnings History and Estimates for Hancock (NASDAQ:HBHC)

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