FY2017 EPS Estimates for Hancock Holding (HBHC) Raised by Jefferies Group

Hancock Holding (NASDAQ:HBHC) – Research analysts at Jefferies Group increased their FY2017 earnings per share estimates for shares of Hancock in a research report issued on Tuesday. Jefferies Group analyst C. Haire now anticipates that the financial services provider will post earnings per share of $2.78 for the year, up from their prior estimate of $2.77. Jefferies Group has a “Hold” rating and a $52.00 price objective on the stock. Jefferies Group also issued estimates for Hancock’s Q1 2018 earnings at $0.86 EPS, Q2 2018 earnings at $0.94 EPS, Q3 2018 earnings at $0.98 EPS and Q4 2018 earnings at $0.99 EPS.

Hancock (NASDAQ:HBHC) last announced its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $279.80 million. Hancock had a net margin of 19.08% and a return on equity of 8.27%. During the same period last year, the firm posted $0.59 earnings per share.

Other research analysts have also recently issued reports about the stock. Sandler O’Neill raised shares of Hancock from a “hold” rating to a “buy” rating in a research note on Thursday, January 4th. BidaskClub raised shares of Hancock from a “hold” rating to a “buy” rating in a research note on Friday, December 22nd. Zacks Investment Research raised shares of Hancock from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a research note on Tuesday, December 19th. SunTrust Banks restated a “hold” rating and issued a $57.00 target price on shares of Hancock in a research report on Tuesday, January 9th. Finally, ValuEngine lowered shares of Hancock from a “buy” rating to a “hold” rating in a research report on Friday, November 17th. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Hancock presently has a consensus rating of “Buy” and an average price target of $53.23.

Hancock (HBHC) opened at $53.75 on Friday. The stock has a market cap of $4,591.25, a P/E ratio of 21.59, a P/E/G ratio of 1.82 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. Hancock has a one year low of $41.05 and a one year high of $54.55.

The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Tuesday, December 5th were given a $0.24 dividend. The ex-dividend date of this dividend was Monday, December 4th. This represents a $0.96 dividend on an annualized basis and a yield of 1.79%. Hancock’s dividend payout ratio is currently 38.55%.

In other Hancock news, insider Samuel B. Kendricks sold 2,982 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $48.62, for a total value of $144,984.84. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.15% of the company’s stock.

Several large investors have recently modified their holdings of HBHC. Schwab Charles Investment Management Inc. lifted its holdings in shares of Hancock by 6.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 524,821 shares of the financial services provider’s stock worth $25,717,000 after purchasing an additional 32,365 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Hancock by 14.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,248 shares of the financial services provider’s stock worth $159,000 after purchasing an additional 404 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Hancock by 17.8% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 7,087 shares of the financial services provider’s stock worth $347,000 after purchasing an additional 1,070 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Hancock by 4.6% during the second quarter. Principal Financial Group Inc. now owns 361,366 shares of the financial services provider’s stock worth $17,706,000 after purchasing an additional 15,886 shares during the period. Finally, Swiss National Bank lifted its holdings in shares of Hancock by 2.0% during the second quarter. Swiss National Bank now owns 140,400 shares of the financial services provider’s stock worth $6,880,000 after purchasing an additional 2,800 shares during the period. Institutional investors own 77.21% of the company’s stock.

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About Hancock

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 (NASDAQ:HBHC)

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