Hancock’s (HBHC) “Hold” Rating Reiterated at SunTrust Banks

Hancock (NASDAQ:HBHC)‘s stock had its “hold” rating restated by analysts at SunTrust Banks in a research note issued to investors on Tuesday, January 9th. They presently have a $57.00 price objective on the financial services provider’s stock. SunTrust Banks’ price objective would indicate a potential upside of 6.05% from the stock’s current price. SunTrust Banks also issued estimates for Hancock’s Q1 2018 earnings at $0.83 EPS, Q2 2018 earnings at $0.93 EPS, Q3 2018 earnings at $0.96 EPS, Q4 2018 earnings at $0.95 EPS, FY2018 earnings at $3.68 EPS and FY2019 earnings at $4.08 EPS.

Several other analysts have also weighed in on HBHC. Sandler O’Neill upgraded shares of Hancock from a “hold” rating to a “buy” rating in a research note on Thursday, January 4th. BidaskClub lowered shares of Hancock from a “buy” rating to a “hold” rating in a research note on Friday, December 29th. Jefferies Group reiterated a “hold” rating and set a $52.00 target price on shares of Hancock in a research note on Thursday, October 12th. ValuEngine lowered shares of Hancock from a “buy” rating to a “hold” rating in a research note on Friday, November 17th. Finally, Piper Jaffray Companies restated an “overweight” rating and set a $52.00 price target on shares of Hancock in a research report on Thursday, October 5th. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $53.23.

Shares of Hancock (HBHC) opened at $53.75 on Tuesday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.12. The stock has a market cap of $4,578.47, a price-to-earnings ratio of 21.59, a P/E/G ratio of 1.82 and a beta of 0.91. Hancock has a 12 month low of $41.05 and a 12 month high of $54.55.

Hancock (NASDAQ:HBHC) last issued its quarterly earnings results on Tuesday, October 17th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. Hancock had a net margin of 19.08% and a return on equity of 8.27%. The business had revenue of $269.97 million during the quarter, compared to analyst estimates of $279.80 million. During the same quarter in the previous year, the firm earned $0.59 earnings per share. analysts expect that Hancock will post 2.74 EPS for the current year.

In related news, insider Samuel B. Kendricks sold 2,982 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $48.62, for a total value of $144,984.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.15% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Suntrust Banks Inc. lifted its stake 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 buying an additional 110 shares in the last quarter. Advisor Group Inc. increased its holdings in shares of Hancock by 1.2% in the 2nd 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 increased its holdings in shares of Hancock by 1.7% in the 2nd 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. increased its holdings in shares of Hancock by 1.0% in the 2nd 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 increased its holdings in shares of Hancock by 14.2% in the 2nd 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.

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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.

Analyst Recommendations for Hancock (NASDAQ:HBHC)

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