$0.83 EPS Expected for Hancock Holding (HBHC) This Quarter
Equities research analysts predict that Hancock Holding (NASDAQ:HBHC) will report earnings of $0.83 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Hancock’s earnings, with estimates ranging from $0.80 to $0.86. Hancock reported earnings of $0.64 per share during the same quarter last year, which would indicate a positive year over year growth rate of 29.7%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, January 16th.
According to Zacks, analysts expect that Hancock will report full year earnings of $2.74 per share for the current fiscal year, with EPS estimates ranging from $2.64 to $2.88. For the next financial year, analysts forecast that the company will report earnings of $3.31 per share, with EPS estimates ranging from $3.28 to $3.35. Zacks’ earnings per share calculations are an average based on a survey of research analysts that cover Hancock.
Hancock (NASDAQ:HBHC) last posted its quarterly earnings results on Tuesday, October 17th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. The business had revenue of $269.97 million during the quarter, compared to analyst estimates of $279.80 million. Hancock had a return on equity of 8.27% and a net margin of 19.08%. During the same period in the prior year, the business earned $0.59 earnings per share.
A number of research analysts recently commented on the company. Keefe, Bruyette & Woods upgraded Hancock from a “market perform” rating to an “outperform” rating and set a $50.00 price objective on the stock in a report on Monday, August 21st. BidaskClub cut Hancock from a “buy” rating to a “hold” rating in a research note on Tuesday. SunTrust Banks restated a “hold” rating and set a $53.00 price target on shares of Hancock in a research note on Wednesday, November 29th. ValuEngine cut Hancock from a “buy” rating to a “hold” rating in a research note on Friday, November 17th. Finally, Jefferies Group restated a “hold” rating and set a $52.00 price target on shares of Hancock in a research note on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $52.25.
In related news, insider Samuel B. Kendricks sold 2,982 shares of the stock in a transaction on Monday, November 20th. The stock was sold at an average price of $48.62, for a total value of $144,984.84. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.15% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio grew its holdings in shares of Hancock by 1,071.2% during the third quarter. Public Employees Retirement System of Ohio now owns 41,085 shares of the financial services provider’s stock worth $1,991,000 after purchasing an additional 37,577 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Hancock during the third quarter worth about $304,000. Jane Street Group LLC purchased a new position in shares of Hancock during the third quarter worth about $779,000. Jacobs Asset Management LLC grew its holdings in shares of Hancock by 6.8% during the third quarter. Jacobs Asset Management LLC now owns 394,725 shares of the financial services provider’s stock worth $19,125,000 after purchasing an additional 25,000 shares during the last quarter. Finally, Maltese Capital Management LLC purchased a new position in shares of Hancock during the third quarter worth about $3,280,000. 77.23% of the stock is currently owned by hedge funds and other institutional investors.
Hancock (HBHC) opened at $49.55 on Thursday. Hancock has a twelve month low of $40.95 and a twelve month high of $53.35. The company has a market capitalization of $4,240.00, a P/E ratio of 18.16, a P/E/G ratio of 2.25 and a beta of 0.91. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.82 and a quick ratio of 0.82.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Tuesday, December 5th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.94%. The ex-dividend date is Monday, December 4th. Hancock’s dividend payout ratio (DPR) is presently 38.55%.
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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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