FIG Partners Comments on Hancock Holding’s Q1 2018 Earnings (HBHC)
Hancock Holding (NASDAQ:HBHC) – Equities research analysts at FIG Partners issued their Q1 2018 EPS estimates for shares of Hancock in a report issued on Thursday. FIG Partners analyst C. Marinac forecasts that the financial services provider will post earnings of $0.89 per share for the quarter. FIG Partners also issued estimates for Hancock’s Q2 2018 earnings at $0.95 EPS, Q3 2018 earnings at $0.97 EPS, Q4 2018 earnings at $0.99 EPS and FY2018 earnings at $3.80 EPS.
Hancock (NASDAQ:HBHC) last issued its earnings results on Wednesday, January 17th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.03. The company had revenue of $277.74 million for the quarter, compared to analysts’ expectations of $282.68 million. Hancock had a net margin of 18.46% and a return on equity of 8.96%. During the same period in the prior year, the firm earned $0.64 EPS.
Hancock (NASDAQ HBHC) traded down $0.20 during trading on Monday, reaching $55.90. 381,600 shares of the company’s stock traded hands, compared to its average volume of 637,700. The company has a market cap of $4,760.00, a PE ratio of 22.45, a P/E/G ratio of 1.87 and a beta of 0.91. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.79 and a current ratio of 0.79. Hancock has a 52-week low of $41.05 and a 52-week high of $56.20.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. raised its stake in Hancock by 25.9% during the second quarter. PNC Financial Services Group Inc. now owns 2,820 shares of the financial services provider’s stock worth $137,000 after buying an additional 581 shares during the last quarter. Sabal Trust CO bought a new position in Hancock during the third quarter worth $216,000. Adviser Investments LLC bought a new position in Hancock during the third quarter worth $224,000. Quantbot Technologies LP increased its stake in Hancock by 82.0% in the second quarter. Quantbot Technologies LP now owns 4,745 shares of the financial services provider’s stock valued at $232,000 after purchasing an additional 2,138 shares in the last quarter. Finally, AE Wealth Management LLC bought a new stake in Hancock in the third quarter valued at $278,000. 77.17% of the stock is owned by institutional investors and hedge funds.
In related news, insider Samuel B. Kendricks sold 2,982 shares of Hancock 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 filing with the Securities & Exchange Commission, which is available at this link. 1.15% of the stock is owned by company insiders.
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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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