Hancock Holding Co. (HBHC) Sets New 52-Week High at $32.28
Hancock Holding Co. (NASDAQ:HBHC) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $32.28 and last traded at $32.28, with a volume of 259,310 shares traded. The stock had previously closed at $31.86.
Several research analysts have recently weighed in on HBHC shares. Zacks Investment Research upgraded shares of Hancock Holding from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research note on Tuesday, July 26th. TheStreet upgraded shares of Hancock Holding from a “hold” rating to a “buy” rating in a research note on Thursday, July 14th. Jefferies Group restated a “hold” rating and issued a $28.00 target price on shares of Hancock Holding in a research note on Thursday, July 7th. Hovde Group upped their target price on shares of Hancock Holding from $27.00 to $32.00 and gave the company a “market perform” rating in a research note on Tuesday, July 26th. Finally, Piper Jaffray Cos. restated a “neutral” rating and issued a $29.00 target price (up from $27.50) on shares of Hancock Holding in a research note on Sunday, July 24th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Hancock Holding presently has an average rating of “Hold” and a consensus price target of $28.57.
The firm has a market cap of $2.50 billion and a P/E ratio of 23.94. The firm has a 50 day moving average price of $29.53 and a 200 day moving average price of $26.10.
Hancock Holding (NASDAQ:HBHC) last announced its quarterly earnings results on Wednesday, July 20th. The financial services provider reported $0.59 EPS for the quarter, beating the consensus estimate of $0.45 by $0.14. The company had revenue of $229 million for the quarter, compared to analyst estimates of $229.18 million. During the same quarter last year, the business earned $0.51 EPS. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. Equities analysts anticipate that Hancock Holding Co. will post $1.81 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Tuesday, September 6th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, September 1st. This represents a $0.96 annualized dividend and a yield of 3.01%.
In related news, insider George A. Schloegel acquired 4,633 shares of the stock in a transaction dated Thursday, August 4th. The shares were acquired at an average price of $28.64 per share, for a total transaction of $132,689.12. Following the completion of the purchase, the insider now owns 257,351 shares in the company, valued at approximately $7,370,532.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Stephen E. Barker sold 2,550 shares of the firm’s stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $29.45, for a total transaction of $75,097.50. Following the completion of the sale, the executive vice president now owns 9,966 shares in the company, valued at approximately $293,498.70. The disclosure for this sale can be found here.
An institutional investor recently bought a new position in Hancock Holding stock. Marshall Wace LLP acquired a new stake in Hancock Holding Co. (NASDAQ:HBHC) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 43,414 shares of the financial services provider’s stock, valued at approximately $1,093,000. Marshall Wace LLP owned 0.06% of Hancock Holding as of its most recent filing with the SEC.
Hancock Holding Company (Hancock) is a financial services company that provides a network of service financial choices to the Gulf South region through its bank subsidiary, Whitney Bank, a Mississippi state bank. The Company operates through overall banking operations segment. Whitney Bank operates under brands, such as Hancock Bank in Mississippi, Alabama and Florida and Whitney Bank in Louisiana and Texas.
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