Hancock Holding Company (NASDAQ:HBHC) Director Randall W. Hanna Sells 2,300 Shares
Hancock Holding Company (NASDAQ:HBHC) Director Randall W. Hanna sold 2,300 shares of the business’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $43.93, for a total transaction of $101,039.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Hancock Holding Company (HBHC) traded down 0.46% during mid-day trading on Friday, reaching $43.35. 522,568 shares of the company’s stock traded hands. The stock’s 50 day moving average is $47.51 and its 200-day moving average is $46.84. Hancock Holding Company has a 52 week low of $29.86 and a 52 week high of $52.94. The stock has a market capitalization of $3.67 billion, a PE ratio of 18.09 and a beta of 0.85.
Hancock Holding (NASDAQ:HBHC) last released its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.68 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.68. Hancock Holding had a net margin of 18.91% and a return on equity of 7.85%. The company had revenue of $267.20 million for the quarter, compared to analysts’ expectations of $265.03 million. During the same quarter last year, the company earned $0.59 earnings per share. On average, equities analysts anticipate that Hancock Holding Company will post $2.71 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Tuesday, September 5th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $0.96 dividend on an annualized basis and a yield of 2.21%. Hancock Holding’s payout ratio is currently 40.00%.
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A number of hedge funds have recently added to or reduced their stakes in HBHC. PNC Financial Services Group Inc. boosted its stake in Hancock Holding by 72.2% in the first quarter. PNC Financial Services Group Inc. now owns 2,239 shares of the financial services provider’s stock worth $101,000 after buying an additional 939 shares during the last quarter. Glen Harbor Capital Management LLC boosted its stake in Hancock Holding by 0.7% in the first quarter. Glen Harbor Capital Management LLC now owns 2,272 shares of the financial services provider’s stock worth $103,000 after buying an additional 16 shares during the last quarter. Quantbot Technologies LP bought a new stake in Hancock Holding during the first quarter worth $118,000. Tyers Asset Management LLC boosted its stake in Hancock Holding by 0.7% in the first quarter. Tyers Asset Management LLC now owns 3,124 shares of the financial services provider’s stock worth $142,000 after buying an additional 22 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Hancock Holding by 14.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,248 shares of the financial services provider’s stock worth $159,000 after buying an additional 404 shares during the last quarter. 77.60% of the stock is currently owned by institutional investors.
Several equities research analysts have recently commented on HBHC shares. Zacks Investment Research upgraded shares of Hancock Holding from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a report on Tuesday, July 18th. ValuEngine upgraded shares of Hancock Holding from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Keefe, Bruyette & Woods restated a “hold” rating and issued a $47.00 price target on shares of Hancock Holding in a report on Thursday, April 20th. BidaskClub lowered shares of Hancock Holding from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Finally, Stephens restated a “hold” rating on shares of Hancock Holding in a report on Friday, April 28th. Seven investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $49.41.
Hancock Holding 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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