Zacks: Analysts Anticipate Hancock Holding Company (HBHC) to Post $0.65 EPS

Wall Street analysts expect that Hancock Holding Company (NASDAQ:HBHC) will announce earnings of $0.65 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Hancock Holding’s earnings, with the highest EPS estimate coming in at $0.68 and the lowest estimate coming in at $0.53. Hancock Holding reported earnings of $0.59 per share during the same quarter last year, which indicates a positive year over year growth rate of 10.2%. The business is scheduled to announce its next earnings results after the market closes on Tuesday, July 18th.

On average, analysts expect that Hancock Holding will report full-year earnings of $2.67 per share for the current financial year, with EPS estimates ranging from $2.59 to $2.78. For the next financial year, analysts forecast that the company will report earnings of $3.26 per share, with EPS estimates ranging from $3.10 to $3.35. Zacks’ EPS averages are an average based on a survey of analysts that cover Hancock Holding.

Hancock Holding (NASDAQ:HBHC) last announced its quarterly earnings data on Tuesday, April 18th. The financial services provider reported $0.57 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.57. The company had revenue of $245.18 million for the quarter, compared to analysts’ expectations of $245.23 million. Hancock Holding had a return on equity of 7.65% and a net margin of 19.25%. During the same period last year, the firm posted $0.05 EPS.

HBHC has been the subject of a number of research reports. ValuEngine raised Hancock Holding from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research raised Hancock Holding from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research note on Friday, July 7th. Jefferies Group LLC reissued a “hold” rating and set a $51.00 price target on shares of Hancock Holding in a research note on Friday. Stephens reissued a “hold” rating on shares of Hancock Holding in a research note on Friday, April 28th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $47.00 price target on shares of Hancock Holding in a research note on Thursday, April 20th. Eight analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $45.53.

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Shares of Hancock Holding (NASDAQ HBHC) traded down 0.50% during trading on Friday, hitting $49.80. The company had a trading volume of 484,124 shares. Hancock Holding has a 52 week low of $27.55 and a 52 week high of $52.94. The firm’s 50 day moving average is $47.61 and its 200-day moving average is $46.02. The stock has a market capitalization of $4.21 billion, a P/E ratio of 20.87 and a beta of 0.86.

In other news, CEO John M. Hairston sold 41,903 shares of the firm’s stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $47.81, for a total value of $2,003,382.43. Following the completion of the sale, the chief executive officer now directly owns 73,544 shares of the company’s stock, valued at approximately $3,516,138.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider George A. Schloegel sold 4,953 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $50.78, for a total value of $251,513.34. The disclosure for this sale can be found here. Insiders sold a total of 70,669 shares of company stock valued at $3,424,090 over the last ninety days. Corporate insiders own 1.15% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. BlackRock Inc. raised its stake in Hancock Holding by 18,052.0% in the first quarter. BlackRock Inc. now owns 9,069,853 shares of the financial services provider’s stock valued at $413,132,000 after buying an additional 9,019,887 shares during the last quarter. Vanguard Group Inc. raised its stake in Hancock Holding by 8.1% in the first quarter. Vanguard Group Inc. now owns 7,229,758 shares of the financial services provider’s stock valued at $329,316,000 after buying an additional 544,041 shares during the last quarter. State Street Corp raised its stake in Hancock Holding by 27.6% in the first quarter. State Street Corp now owns 5,110,898 shares of the financial services provider’s stock valued at $232,799,000 after buying an additional 1,103,976 shares during the last quarter. Macquarie Group Ltd. raised its stake in Hancock Holding by 2.2% in the first quarter. Macquarie Group Ltd. now owns 2,483,043 shares of the financial services provider’s stock valued at $113,103,000 after buying an additional 53,383 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Hancock Holding by 41.7% in the first quarter. JPMorgan Chase & Co. now owns 1,532,140 shares of the financial services provider’s stock valued at $69,789,000 after buying an additional 450,787 shares during the last quarter. 77.92% of the stock is owned by institutional investors and hedge funds.

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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