Analysts Anticipate Hancock Holding (HBHC) Will Announce Quarterly Sales of $280.00 Million

Wall Street analysts forecast that Hancock Holding (NASDAQ:HBHC) will report sales of $280.00 million for the current quarter, Zacks reports. Five analysts have made estimates for Hancock’s earnings, with estimates ranging from $279.60 million to $280.50 million. Hancock posted sales of $267.20 million during the same quarter last year, which would indicate a positive year over year growth rate of 4.8%. The company is scheduled to issue its next earnings report on Tuesday, July 17th.

According to Zacks, analysts expect that Hancock will report full-year sales of $1.15 billion for the current year, with estimates ranging from $1.14 billion to $1.15 billion. For the next fiscal year, analysts forecast that the firm will report sales of $1.23 billion per share, with estimates ranging from $1.21 billion to $1.26 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Hancock.

Hancock (NASDAQ:HBHC) last posted its quarterly earnings results on Tuesday, April 17th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.02. Hancock had a net margin of 19.76% and a return on equity of 9.70%. The company had revenue of $271.92 million during the quarter, compared to analyst estimates of $281.70 million. During the same period last year, the firm posted $0.57 EPS.

Several research firms have recently weighed in on HBHC. ValuEngine raised shares of Hancock from a “hold” rating to a “buy” rating in a report on Tuesday, March 27th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $60.00 target price on shares of Hancock in a report on Thursday, April 19th. Sandler O’Neill reaffirmed a “buy” rating and set a $61.00 target price on shares of Hancock in a report on Friday, January 19th. BidaskClub lowered shares of Hancock from a “buy” rating to a “hold” rating in a report on Tuesday, March 27th. Finally, Zacks Investment Research raised shares of Hancock from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a report on Tuesday, March 20th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Hancock presently has a consensus rating of “Hold” and an average target price of $56.86.

Hancock opened at $52.25 on Friday, Marketbeat reports. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 0.10. The company has a market cap of $4.43 billion, a PE ratio of 17.89, a PEG ratio of 1.70 and a beta of 1.04. Hancock has a 1-year low of $51.70 and a 1-year high of $52.10.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Tuesday, June 5th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend is Monday, June 4th. Hancock’s dividend payout ratio (DPR) is 32.88%.

In related news, Director Robert W. Roseberry sold 25,000 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $54.00, for a total value of $1,350,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James H. Horne sold 4,135 shares of the business’s stock in a transaction on Tuesday, May 15th. The stock was sold at an average price of $51.76, for a total transaction of $214,027.60. The disclosure for this sale can be found here. In the last three months, insiders sold 47,337 shares of company stock valued at $2,574,075. 0.96% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. American International Group Inc. increased its holdings in Hancock by 0.6% in the 4th quarter. American International Group Inc. now owns 231,275 shares of the financial services provider’s stock worth $11,448,000 after acquiring an additional 1,366 shares in the last quarter. Comerica Bank increased its holdings in Hancock by 1.3% in the 1st quarter. Comerica Bank now owns 121,684 shares of the financial services provider’s stock worth $5,896,000 after acquiring an additional 1,574 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Hancock by 50.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,874 shares of the financial services provider’s stock worth $241,000 after acquiring an additional 1,626 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in Hancock by 0.4% in the 1st quarter. Thrivent Financial for Lutherans now owns 429,936 shares of the financial services provider’s stock worth $22,228,000 after acquiring an additional 1,681 shares in the last quarter. Finally, AE Wealth Management LLC increased its holdings in Hancock by 30.0% in the 4th quarter. AE Wealth Management LLC now owns 7,472 shares of the financial services provider’s stock worth $370,000 after acquiring an additional 1,724 shares in the last quarter. 76.87% of the stock is owned by institutional investors.

Hancock Company Profile

Hancock Holding Company operates as the bank holding company for Whitney Bank that provides a range of community banking services to commercial, small business, and retail customers. The company offers various deposit products, including noninterest-bearing demand deposits, interest-bearing transaction accounts, savings accounts, money market deposit accounts, and time deposit accounts.

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Earnings History and Estimates for Hancock (NASDAQ:HBHC)

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