Hancock Holding Company (NASDAQ:HBHC) released its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.68 EPS for the quarter, meeting analysts’ consensus estimates of $0.68, Briefing.com reports. The firm had revenue of $267.20 million during the quarter, compared to analyst estimates of $265.03 million. Hancock Holding had a net margin of 19.56% and a return on equity of 7.35%. During the same period in the previous year, the business earned $0.59 EPS.
Shares of Hancock Holding (NASDAQ:HBHC) traded down 0.46% during trading on Friday, hitting $43.35. 522,568 shares of the stock traded hands. Hancock Holding has a 12 month low of $29.86 and a 12 month high of $52.94. The firm’s 50-day moving average price is $47.43 and its 200-day moving average price is $46.83. The stock has a market cap of $3.67 billion, a PE ratio of 18.09 and a beta of 0.85.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, September 5th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.21%. The ex-dividend date is Thursday, August 31st. Hancock Holding’s dividend payout ratio (DPR) is 40.00%.
HBHC has been the subject of a number of recent analyst reports. ValuEngine upgraded shares of Hancock Holding from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research raised shares of Hancock Holding from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a report on Friday, July 7th. Keefe, Bruyette & Woods set a $50.00 price objective on shares of Hancock Holding and gave the stock a “hold” rating in a report on Friday. BidaskClub downgraded shares of Hancock Holding from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $51.00 price objective on shares of Hancock Holding in a report on Friday, July 14th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $49.78.
In other Hancock Holding news, EVP Stephen E. Barker sold 9,966 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $50.28, for a total transaction of $501,090.48. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO John M. Hairston sold 12,240 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $46.60, for a total transaction of $570,384.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,262 shares of company stock worth $1,844,274. Insiders own 1.15% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the company. 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 valued at $101,000 after buying an additional 939 shares in the last quarter. Glen Harbor Capital Management LLC increased 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 valued at $103,000 after buying an additional 16 shares in the last quarter. Quantbot Technologies LP bought a new stake in Hancock Holding during the first quarter valued at $118,000. Tyers Asset Management LLC increased 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 valued at $142,000 after buying an additional 22 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased 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 valued at $159,000 after buying an additional 404 shares in the last quarter. 77.60% of the stock is currently owned by institutional investors.
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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