Jefferies Group Brokers Cut Earnings Estimates for Hancock Holding Company (HBHC)

Hancock Holding Company (NASDAQ:HBHC) – Analysts at Jefferies Group dropped their Q3 2017 earnings estimates for Hancock Holding in a report released on Tuesday. Jefferies Group analyst C. Haire now anticipates that the financial services provider will post earnings of $0.74 per share for the quarter, down from their previous forecast of $0.75. Jefferies Group currently has a “Hold” rating and a $52.00 price target on the stock. Jefferies Group also issued estimates for Hancock Holding’s Q1 2018 earnings at $0.75 EPS, Q2 2018 earnings at $0.81 EPS, Q3 2018 earnings at $0.83 EPS and Q4 2018 earnings at $0.86 EPS.

Hancock Holding (NASDAQ:HBHC) last announced its earnings results on Tuesday, July 18th. The financial services provider reported $0.68 EPS for the quarter, meeting 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 the consensus estimate of $265.03 million. During the same period in the prior year, the business posted $0.59 earnings per share. ILLEGAL ACTIVITY NOTICE: This report was reported by Markets Daily and is the property of of Markets Daily. If you are reading this report on another website, it was illegally stolen and republished in violation of U.S. & international copyright law. The correct version of this report can be read at https://www.themarketsdaily.com/2017/10/13/jefferies-group-brokers-cut-earnings-estimates-for-hancock-holding-company-hbhc.html.

Several other research analysts have also issued reports on HBHC. BidaskClub lowered Hancock Holding from a “buy” rating to a “hold” rating in a research report on Friday, June 23rd. Zacks Investment Research upgraded Hancock Holding from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research report on Friday, July 7th. Keefe, Bruyette & Woods set a $50.00 price target on Hancock Holding and gave the stock a “hold” rating in a research report on Friday, August 11th. Piper Jaffray Companies set a $52.00 price target on Hancock Holding and gave the stock a “buy” rating in a research report on Thursday, August 24th. Finally, SunTrust Banks, Inc. restated a “hold” rating and issued a $50.00 price target on shares of Hancock Holding in a research report on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $51.92.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Tuesday, September 5th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, August 31st. This represents a $0.96 annualized dividend and a yield of 1.97%. Hancock Holding’s dividend payout ratio is presently 40.00%.

In other Hancock Holding news, Director Randall W. Hanna sold 2,300 shares of Hancock Holding stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $43.93, for a total transaction of $101,039.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO John M. Hairston sold 12,240 shares of Hancock Holding stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $46.60, for a total value of $570,384.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,909 shares of company stock worth $827,307. Corporate insiders own 1.15% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its holdings in Hancock Holding by 4.8% during the second quarter. JPMorgan Chase & Co. now owns 1,606,146 shares of the financial services provider’s stock worth $78,702,000 after acquiring an additional 74,006 shares in the last quarter. Sei Investments Co. lifted its holdings in Hancock Holding by 21.8% during the second quarter. Sei Investments Co. now owns 20,948 shares of the financial services provider’s stock worth $1,026,000 after acquiring an additional 3,747 shares in the last quarter. Federated Investors Inc. PA lifted its holdings in Hancock Holding by 6.2% during the second quarter. Federated Investors Inc. PA now owns 126,899 shares of the financial services provider’s stock worth $6,218,000 after acquiring an additional 7,370 shares in the last quarter. Legal & General Group Plc lifted its holdings in Hancock Holding by 11.8% during the second quarter. Legal & General Group Plc now owns 100,332 shares of the financial services provider’s stock worth $4,914,000 after acquiring an additional 10,621 shares in the last quarter. Finally, BNP Paribas Arbitrage SA lifted its holdings in Hancock Holding by 123.1% during the second quarter. BNP Paribas Arbitrage SA now owns 50,035 shares of the financial services provider’s stock worth $2,452,000 after acquiring an additional 27,606 shares in the last quarter. Hedge funds and other institutional investors own 76.98% 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.

Earnings History and Estimates for Hancock Holding (NASDAQ:HBHC)

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