Hancock (HBHC) Set to Announce Quarterly Earnings on Wednesday
Hancock (NASDAQ:HBHC) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, January 17th. Analysts expect the company to announce earnings of $0.81 per share for the quarter.
Hancock (NASDAQ:HBHC) last posted its quarterly earnings results on Tuesday, October 17th. The financial services provider reported $0.76 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 net margin of 19.08% and a return on equity of 8.27%. During the same period in the prior year, the business posted $0.59 earnings per share. On average, analysts expect Hancock to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Hancock (NASDAQ HBHC) opened at $53.75 on Tuesday. The firm has a market cap of $4,580.00, a P/E ratio of 21.59, a price-to-earnings-growth ratio of 1.82 and a beta of 0.91. Hancock has a 12-month low of $41.05 and a 12-month high of $54.55. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.82 and a quick ratio of 0.82.
In related news, insider Samuel B. Kendricks sold 2,982 shares of the company’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $48.62, for a total transaction of $144,984.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.15% of the stock is currently owned by corporate insiders.
A number of equities analysts have weighed in on the stock. BidaskClub upgraded shares of Hancock from a “hold” rating to a “buy” rating in a research report on Thursday, January 11th. SunTrust Banks reiterated a “hold” rating and issued a $57.00 price target on shares of Hancock in a research report on Tuesday, January 9th. Sandler O’Neill upgraded shares of Hancock from a “hold” rating to a “buy” rating in a research report on Thursday, January 4th. Jefferies Group reiterated a “hold” rating and issued a $52.00 price target on shares of Hancock in a research report on Thursday, October 12th. Finally, ValuEngine lowered shares of Hancock from a “buy” rating to a “hold” rating in a research report on Friday, November 17th. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Hancock has a consensus rating of “Buy” and a consensus target price of $53.23.
Hancock 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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