Hancock (HBHC) Rating Reiterated by SunTrust Banks

SunTrust Banks restated their hold rating on shares of Hancock (NASDAQ:HBHC) in a research note published on Tuesday morning. They currently have a $57.00 price target on the financial services provider’s stock. SunTrust Banks also issued estimates for Hancock’s Q1 2018 earnings at $0.83 EPS, Q2 2018 earnings at $0.93 EPS, Q3 2018 earnings at $0.96 EPS, Q4 2018 earnings at $0.95 EPS, FY2018 earnings at $3.68 EPS and FY2019 earnings at $4.08 EPS.

A number of other equities research analysts also recently weighed in on the company. Sandler O’Neill upgraded Hancock from a hold rating to a buy rating in a research report on Thursday, January 4th. BidaskClub downgraded Hancock from a buy rating to a hold rating in a research report on Friday, December 29th. Hovde Group upgraded Hancock from a market perform rating to an outperform rating and set a $58.00 target price for the company in a research report on Wednesday, December 27th. Zacks Investment Research upgraded Hancock from a hold rating to a buy rating and set a $56.00 target price for the company 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 research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Hancock currently has a consensus rating of Buy and an average target price of $53.23.

Shares of Hancock (HBHC) opened at $53.75 on Tuesday. The firm has a market capitalization of $4,580.00, a price-to-earnings ratio of 21.59, a PEG ratio of 1.88 and a beta of 0.91. Hancock has a 52-week low of $41.05 and a 52-week high of $54.55. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.82 and a current ratio of 0.82.

Hancock (NASDAQ:HBHC) last released its earnings results on Tuesday, October 17th. The financial services provider reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. The company had revenue of $269.97 million during 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 quarter in the previous year, the company posted $0.59 earnings per share. research analysts forecast that Hancock will post 2.74 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Tuesday, December 5th were issued a $0.24 dividend. The ex-dividend date was Monday, December 4th. This represents a $0.96 dividend on an annualized basis and a yield of 1.79%. Hancock’s dividend payout ratio is presently 38.55%.

In related news, insider Samuel B. Kendricks sold 2,982 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $48.62, for a total value of $144,984.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.15% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Principal Financial Group Inc. increased its holdings in shares of Hancock by 4.6% in the second quarter. Principal Financial Group Inc. now owns 361,366 shares of the financial services provider’s stock worth $17,706,000 after acquiring an additional 15,886 shares in the last quarter. Bank of Nova Scotia bought a new stake in shares of Hancock in the second quarter worth about $1,840,000. Schwab Charles Investment Management Inc. increased its holdings in shares of Hancock by 6.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 524,821 shares of the financial services provider’s stock worth $25,717,000 after acquiring an additional 32,365 shares in the last quarter. Flinton Capital Management LLC increased its holdings in shares of Hancock by 72.5% in the second quarter. Flinton Capital Management LLC now owns 6,860 shares of the financial services provider’s stock worth $336,000 after acquiring an additional 2,884 shares in the last quarter. Finally, Heartland Advisors Inc. increased its holdings in shares of Hancock by 17.6% in the third quarter. Heartland Advisors Inc. now owns 166,947 shares of the financial services provider’s stock worth $8,089,000 after acquiring an additional 25,000 shares in the last quarter. Institutional investors own 77.21% of the company’s stock.

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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.

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