Hancock Holding Company (NASDAQ:HBHC) announced its quarterly earnings results on Tuesday. The financial services provider reported $0.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.02, Briefing.com reports. Hancock Holding had a return on equity of 7.85% and a net margin of 18.91%. During the same period last year, the firm posted $0.59 EPS.
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Several equities analysts have recently commented on the company. Keefe, Bruyette & Woods raised Hancock Holding from a “market perform” rating to an “outperform” rating and set a $50.00 price target on the stock in a research note on Monday, August 21st. Zacks Investment Research lowered Hancock Holding from a “hold” rating to a “sell” rating in a research note on Tuesday, September 19th. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $50.00 price target on shares of Hancock Holding in a research note on Wednesday, October 4th. BidaskClub lowered Hancock Holding from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $52.00 price target on shares of Hancock Holding in a research note on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $51.92.
In other news, insider Cecil W. Knight, Jr. acquired 2,000 shares of the stock in a transaction dated Thursday, September 7th. The shares were bought at an average cost of $41.40 per share, for a total transaction of $82,800.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Joseph S. Exnicios sold 3,369 shares of the business’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $46.27, for a total transaction of $155,883.63. The disclosure for this sale can be found here. Insiders have sold a total of 17,909 shares of company stock worth $827,307 over the last 90 days. 1.15% of the stock is owned by company insiders.
About Hancock Holding
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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