Hancock Holding (NASDAQ:HBHC) – Equities researchers at Jefferies Group raised their FY2017 earnings per share (EPS) estimates for Hancock in a research note issued to investors on Tuesday. Jefferies Group analyst C. Haire now forecasts that the financial services provider will earn $2.78 per share for the year, up from their previous forecast of $2.77. Jefferies Group has a “Hold” rating and a $52.00 price target on the stock. Jefferies Group also issued estimates for Hancock’s Q1 2018 earnings at $0.86 EPS, Q2 2018 earnings at $0.94 EPS, Q3 2018 earnings at $0.98 EPS and Q4 2018 earnings at $0.99 EPS.
Hancock (NASDAQ:HBHC) last released its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. The firm had revenue of $269.97 million during the quarter, compared to analyst estimates of $279.80 million. Hancock had a return on equity of 8.27% and a net margin of 19.08%. During the same quarter in the prior year, the company posted $0.59 earnings per share.
Hancock (HBHC) opened at $53.90 on Friday. The firm has a market capitalization of $4,540.00, a PE ratio of 21.65, a PEG ratio of 1.88 and a beta of 0.91. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.82 and a quick ratio of 0.82. Hancock has a one year low of $41.05 and a one year high of $54.13.
A number of institutional investors have recently made changes to their positions in the stock. Suntrust Banks Inc. raised its position in Hancock by 0.7% during the second quarter. Suntrust Banks Inc. now owns 16,558 shares of the financial services provider’s stock valued at $810,000 after purchasing an additional 110 shares during the period. Advisor Group Inc. raised its position in Hancock by 1.2% during the second quarter. Advisor Group Inc. now owns 9,304 shares of the financial services provider’s stock valued at $412,000 after purchasing an additional 113 shares during the period. Amalgamated Bank raised its position in Hancock by 1.7% during the second quarter. Amalgamated Bank now owns 11,754 shares of the financial services provider’s stock valued at $576,000 after purchasing an additional 196 shares during the period. Ameritas Investment Partners Inc. raised its position in Hancock by 1.0% during the second quarter. Ameritas Investment Partners Inc. now owns 32,553 shares of the financial services provider’s stock valued at $1,595,000 after purchasing an additional 315 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Hancock by 14.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,248 shares of the financial services provider’s stock valued at $159,000 after purchasing an additional 404 shares during the period. 77.21% of the stock is owned by institutional investors.
In related 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.15% of the stock is currently owned by corporate insiders.
The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Tuesday, December 5th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date was Monday, December 4th. Hancock’s payout ratio is presently 38.55%.
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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