Hancock Holding Co. (HBHC) Earns “Market Perform” Rating from Keefe, Bruyette & Woods
Hancock Holding Co. (NASDAQ:HBHC)‘s stock had its “market perform” rating reiterated by research analysts at Keefe, Bruyette & Woods in a research report issued to clients and investors on Wednesday.
Other research analysts also recently issued reports about the company. Hovde Group raised their price objective on Hancock Holding from $27.00 to $32.00 and gave the stock a “market perform” rating in a report on Tuesday, July 26th. Zacks Investment Research upgraded Hancock Holding from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a report on Tuesday, July 26th. Bank of America Corp. upgraded Hancock Holding from an “underperform” rating to a “neutral” rating in a report on Friday, July 22nd. Jefferies Group reiterated a “hold” rating and issued a $28.00 price target on shares of Hancock Holding in a report on Thursday, July 7th. Finally, TheStreet upgraded Hancock Holding from a “hold” rating to a “buy” rating in a report on Thursday, July 14th. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Hancock Holding has an average rating of “Hold” and an average target price of $29.57.
Hancock Holding (NASDAQ:HBHC) traded up 0.348% during mid-day trading on Wednesday, reaching $33.145. The company had a trading volume of 87,863 shares. The stock’s 50-day moving average price is $32.15 and its 200 day moving average price is $27.95. The firm has a market capitalization of $2.57 billion, a PE ratio of 24.588 and a beta of 0.87. Hancock Holding has a 52 week low of $20.01 and a 52 week high of $33.39.
Hancock Holding (NASDAQ:HBHC) last released its quarterly earnings data on Wednesday, July 20th. The financial services provider reported $0.59 EPS for the quarter, topping the consensus estimate of $0.45 by $0.14. The company had revenue of $229 million for the quarter, compared to the consensus estimate of $229.18 million. Hancock Holding had a return on equity of 4.53% and a net margin of 11.20%. Hancock Holding’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the business posted $0.51 EPS. On average, equities research analysts predict that Hancock Holding will post $1.81 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Tuesday, September 6th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, September 1st. This represents a $0.96 dividend on an annualized basis and a yield of 2.91%. Hancock Holding’s dividend payout ratio is currently 71.11%.
In other Hancock Holding news, EVP Stephen E. Barker sold 2,550 shares of Hancock Holding stock in a transaction dated 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 of the company’s stock, valued at approximately $293,498.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider George A. Schloegel purchased 4,633 shares of the stock in a transaction on Thursday, August 4th. The shares were purchased at an average cost of $28.64 per share, with a total value of $132,689.12. Following the transaction, the insider now owns 257,351 shares in the company, valued at approximately $7,370,532.64. The disclosure for this purchase can be found here. Company insiders own 1.45% of the company’s stock.
A number of hedge funds have recently modified their holdings of HBHC. Metropolitan Life Insurance Co. NY boosted its stake in shares of Hancock Holding by 2.2% in the first quarter. Metropolitan Life Insurance Co. NY now owns 122,235 shares of the financial services provider’s stock worth $2,807,000 after buying an additional 2,583 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Hancock Holding by 12.0% in the first quarter. Wellington Management Group LLP now owns 2,368,154 shares of the financial services provider’s stock worth $54,372,000 after buying an additional 253,151 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Hancock Holding by 53.6% in the first quarter. Goldman Sachs Group Inc. now owns 457,715 shares of the financial services provider’s stock worth $10,509,000 after buying an additional 159,820 shares in the last quarter. AXA boosted its stake in shares of Hancock Holding by 84.3% in the first quarter. AXA now owns 142,300 shares of the financial services provider’s stock worth $3,267,000 after buying an additional 65,100 shares in the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Hancock Holding during the first quarter worth approximately $142,000. 81.16% of the stock is owned by institutional investors.
Hancock Holding Company Profile
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.
Receive News & Ratings for Hancock Holding Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hancock Holding Co. and related companies with MarketBeat.com's FREE daily email newsletter.