Hancock Holding Company (NASDAQ:HBHC) insider Joseph S. Exnicios sold 3,762 shares of Hancock Holding Company stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $48.80, for a total value of $183,585.60. Following the sale, the insider now directly owns 6,477 shares of the company’s stock, valued at $316,077.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of Hancock Holding Company (NASDAQ HBHC) traded up 0.92% during mid-day trading on Monday, hitting $49.10. The stock had a trading volume of 503,268 shares. Hancock Holding Company has a 52 week low of $23.78 and a 52 week high of $52.94. The stock has a 50-day moving average price of $47.86 and a 200 day moving average price of $45.74. The stock has a market cap of $4.15 billion, a P/E ratio of 20.58 and a beta of 0.85.
Hancock Holding Company (NASDAQ:HBHC) last released its earnings results on Tuesday, April 18th. The financial services provider reported $0.57 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.57. The business had revenue of $245.18 million during the quarter, compared to the consensus estimate of $245.23 million. Hancock Holding Company had a net margin of 19.25% and a return on equity of 7.65%. During the same quarter last year, the firm earned $0.05 earnings per share. On average, equities analysts forecast that Hancock Holding Company will post $2.78 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Monday, June 5th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date was Thursday, June 1st. Hancock Holding Company’s dividend payout ratio is presently 40.17%.
Several hedge funds have recently bought and sold shares of HBHC. BlackRock Inc. boosted its stake in Hancock Holding Company by 18,052.0% in the first quarter. BlackRock Inc. now owns 9,069,853 shares of the financial services provider’s stock worth $413,132,000 after buying an additional 9,019,887 shares in the last quarter. State Street Corp raised its position in Hancock Holding Company by 27.6% in the first quarter. State Street Corp now owns 5,110,898 shares of the financial services provider’s stock worth $232,799,000 after buying an additional 1,103,976 shares in the last quarter. Norges Bank acquired a new position in Hancock Holding Company during the fourth quarter worth approximately $37,315,000. Vanguard Group Inc. raised its position in Hancock Holding Company by 8.1% in the first quarter. Vanguard Group Inc. now owns 7,229,758 shares of the financial services provider’s stock worth $329,316,000 after buying an additional 544,041 shares in the last quarter. Finally, Teachers Advisors LLC raised its position in Hancock Holding Company by 394.1% in the first quarter. Teachers Advisors LLC now owns 641,420 shares of the financial services provider’s stock worth $29,217,000 after buying an additional 511,593 shares in the last quarter. Institutional investors own 78.14% of the company’s stock.
Several equities analysts have issued reports on the company. Piper Jaffray Companies upgraded Hancock Holding Company from a “neutral” rating to an “overweight” rating in a research report on Friday, May 12th. ValuEngine raised Hancock Holding Company from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research raised Hancock Holding Company from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research note on Monday, March 20th. Raymond James Financial, Inc. raised Hancock Holding Company from an “outperform” rating to a “strong-buy” rating and increased their price target for the stock from $48.00 to $54.00 in a research note on Thursday, March 16th. Finally, Keefe, Bruyette & Woods set a $45.00 price target on Hancock Holding Company and gave the stock a “hold” rating in a research note on Tuesday, April 4th. Seven analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $45.33.
About Hancock Holding Company
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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