Hancock (HBHC) Stock Rating Lowered by BidaskClub

BidaskClub lowered shares of Hancock (NASDAQ:HBHC) from a buy rating to a hold rating in a report issued on Tuesday morning.

Several other brokerages also recently issued reports on HBHC. Sandler O’Neill reissued a buy rating and set a $61.00 price objective on shares of Hancock in a research note on Friday, January 19th. Keefe, Bruyette & Woods reissued a buy rating and set a $62.00 price objective on shares of Hancock in a research note on Friday, January 19th. SunTrust Banks reissued a hold rating and set a $59.00 price objective on shares of Hancock in a research note on Friday, January 19th. ValuEngine raised shares of Hancock from a hold rating to a buy rating in a research note on Tuesday. Finally, Zacks Investment Research raised shares of Hancock from a hold rating to a buy rating and set a $61.00 price objective on the stock in a research note on Tuesday, March 20th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $57.86.

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Shares of NASDAQ HBHC opened at $51.70 on Tuesday. Hancock has a 12-month low of $41.05 and a 12-month high of $56.40. The stock has a market capitalization of $4,486.41, a price-to-earnings ratio of 17.71, a price-to-earnings-growth ratio of 1.69 and a beta of 1.03. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.11.

Hancock (NASDAQ:HBHC) last announced its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.03. The company had revenue of $277.74 million for the quarter, compared to the consensus estimate of $282.68 million. Hancock had a net margin of 18.46% and a return on equity of 8.96%. During the same quarter in the prior year, the firm earned $0.64 earnings per share. equities analysts predict that Hancock will post 3.83 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Monday, March 5th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend was Friday, March 2nd. Hancock’s payout ratio is 32.88%.

In related news, insider Joseph S. Exnicios sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $53.40, for a total transaction of $53,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frank E. Bertucci sold 3,031 shares of the company’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $55.00, for a total transaction of $166,705.00. The disclosure for this sale can be found here. Insiders have sold 47,833 shares of company stock valued at $2,613,063 in the last ninety days. 1.15% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the stock. Cerebellum GP LLC acquired a new position in Hancock during the fourth quarter worth approximately $125,000. Signition LP acquired a new position in Hancock during the fourth quarter worth approximately $224,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Hancock by 50.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,874 shares of the financial services provider’s stock worth $241,000 after purchasing an additional 1,626 shares during the last quarter. Virtu Financial LLC acquired a new position in Hancock during the fourth quarter worth approximately $252,000. Finally, JOYN Advisors Inc. acquired a new position in Hancock during the fourth quarter worth approximately $252,000. 77.41% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Hancock (NASDAQ:HBHC)

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