BidaskClub upgraded shares of Hancock (NASDAQ:HBHC) from a hold rating to a buy rating in a report published on Thursday morning.
Other research analysts also recently issued reports about the company. SunTrust Banks reaffirmed a hold rating and issued a $57.00 price target on shares of Hancock in a research report on Tuesday, January 9th. Sandler O’Neill raised Hancock from a hold rating to a buy rating in a research report on Thursday, January 4th. Hovde Group raised Hancock from a market perform rating to an outperform rating and set a $58.00 price target on the stock in a research report on Wednesday, December 27th. Zacks Investment Research raised Hancock from a hold rating to a buy rating and set a $56.00 price target on the stock in a research report on Tuesday, December 19th. Finally, ValuEngine downgraded Hancock from a buy rating to a hold rating in a research report on Friday, November 17th. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $53.23.
Shares of Hancock (NASDAQ:HBHC) traded down $0.15 during midday trading on Thursday, reaching $53.75. The company’s stock had a trading volume of 534,800 shares, compared to its average volume of 628,711. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.12. The company has a market cap of $4,580.00, a P/E ratio of 21.59, a P/E/G ratio of 1.82 and a beta of 0.91. Hancock has a 52 week low of $41.05 and a 52 week high of $54.55.
Hancock (NASDAQ:HBHC) last issued its quarterly earnings results on Tuesday, October 17th. The financial services provider reported $0.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.02. The company had revenue of $269.97 million for the quarter, compared to the consensus estimate of $279.80 million. Hancock had a return on equity of 8.27% and a net margin of 19.08%. During the same period in the previous year, the business posted $0.59 EPS. sell-side analysts expect that Hancock will post 2.74 earnings per share for the current year.
In other news, insider Samuel B. Kendricks sold 2,982 shares of Hancock stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $48.62, for a total transaction of $144,984.84. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.15% of the stock is currently owned by company insiders.
Several large investors have recently made changes to their positions in the company. Dalton Greiner Hartman Maher & Co. grew its holdings in shares of Hancock by 3.6% during the 4th quarter. Dalton Greiner Hartman Maher & Co. now owns 374,179 shares of the financial services provider’s stock worth $18,522,000 after purchasing an additional 13,174 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Hancock by 1,071.2% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 41,085 shares of the financial services provider’s stock worth $1,991,000 after purchasing an additional 37,577 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Hancock in the 3rd quarter valued at $304,000. Jane Street Group LLC acquired a new stake in Hancock in the 3rd quarter valued at $779,000. Finally, Jacobs Asset Management LLC boosted its stake in Hancock by 6.8% in the 3rd quarter. Jacobs Asset Management LLC now owns 394,725 shares of the financial services provider’s stock valued at $19,125,000 after buying an additional 25,000 shares in the last quarter. 77.21% of the stock is currently owned by institutional investors.
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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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