Keefe, Bruyette & Woods Analysts Give Hancock Holding Company (HBHC) a $50.00 Price Target
Hancock Holding Company (NASDAQ:HBHC) received a $50.00 target price from equities research analysts at Keefe, Bruyette & Woods in a research report issued to clients and investors on Friday. The brokerage presently has a “hold” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 15.34% from the company’s previous close.
Several other analysts have also recently issued reports on the company. ValuEngine upgraded Hancock Holding from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research upgraded Hancock Holding from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a research note on Friday, July 7th. Stephens reiterated a “hold” rating on shares of Hancock Holding in a research note on Friday, April 28th. BidaskClub cut Hancock Holding from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $51.00 price objective on shares of Hancock Holding in a research note on Friday, July 14th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $49.78.
Shares of Hancock Holding (NASDAQ HBHC) opened at 43.35 on Friday. Hancock Holding has a 52 week low of $30.18 and a 52 week high of $52.94. The company has a market capitalization of $3.67 billion, a price-to-earnings ratio of 18.09 and a beta of 0.85. The company’s 50 day moving average price is $47.43 and its 200-day moving average price is $46.83.
Hancock Holding (NASDAQ:HBHC) last released its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.68 EPS for the quarter, hitting the consensus estimate of $0.68. Hancock Holding had a return on equity of 7.85% and a net margin of 18.91%. The business had revenue of $267.20 million during the quarter, compared to analyst estimates of $265.03 million. During the same period last year, the business posted $0.59 earnings per share. Analysts anticipate that Hancock Holding will post $2.71 earnings per share for the current fiscal year.
In other news, insider George A. Schloegel sold 4,953 shares of Hancock Holding stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $50.78, for a total transaction of $251,513.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert W. Roseberry sold 1,407 shares of Hancock Holding stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $48.00, for a total transaction of $67,536.00. Following the sale, the director now owns 14,707 shares of the company’s stock, valued at $705,936. The disclosure for this sale can be found here. Insiders sold a total of 38,262 shares of company stock worth $1,844,274 in the last ninety days. 1.15% of the stock is owned by corporate insiders.
Several large investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. increased 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 increased its position in shares of 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 valued at $103,000 after buying an additional 16 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Hancock Holding during the first quarter valued at about $118,000. Tyers Asset Management LLC increased its position in shares of 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 valued at $142,000 after buying an additional 22 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of 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 valued at $159,000 after buying an additional 404 shares in the last quarter. Institutional investors own 77.60% of the company’s stock.
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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