Hancock Holding Co. (NASDAQ:HBHC) has been assigned an average recommendation of “Hold” from the twelve analysts that are covering the stock. Nine equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $29.60.
HBHC has been the subject of several recent research reports. SunTrust Banks Inc. downgraded Hancock Holding from a “buy” rating to a “neutral” rating and set a $34.00 price objective for the company. in a research note on Monday, September 19th. Piper Jaffray Cos. reiterated a “neutral” rating and issued a $29.00 target price (up from $27.50) on shares of Hancock Holding in a report on Sunday, July 24th. Zacks Investment Research cut Hancock Holding from a “buy” rating to a “hold” rating in a report on Monday, September 26th. TheStreet upgraded Hancock Holding from a “hold” rating to a “buy” rating in a report on Thursday, July 14th. Finally, Jefferies Group reiterated a “hold” rating and issued a $28.00 target price on shares of Hancock Holding in a report on Thursday, July 7th.
In other Hancock Holding news, insider George A. Schloegel purchased 4,633 shares of the business’s stock in a transaction on Thursday, August 4th. The shares were purchased at an average cost of $28.64 per share, for a total transaction of $132,689.12. Following the acquisition, the insider now owns 257,351 shares of the company’s stock, valued at $7,370,532.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Stephen E. Barker sold 2,550 shares of the stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $29.45, for a total value of $75,097.50. Following the transaction, the executive vice president now owns 9,966 shares in the company, valued at $293,498.70. The disclosure for this sale can be found here. Company insiders own 1.45% of the company’s stock.
Several institutional investors have recently bought and sold shares of HBHC. Public Employees Retirement System of Ohio boosted its position in Hancock Holding by 8.5% in the second quarter. Public Employees Retirement System of Ohio now owns 4,360 shares of the financial services provider’s stock worth $114,000 after buying an additional 340 shares during the last quarter. LS Investment Advisors LLC raised its position in shares of Hancock Holding by 77.0% in the second quarter. LS Investment Advisors LLC now owns 4,690 shares of the financial services provider’s stock worth $122,000 after buying an additional 2,041 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in shares of Hancock Holding during the first quarter worth $142,000. Bank of Montreal Can purchased a new position in shares of Hancock Holding during the second quarter worth $142,000. Finally, Shelton Capital Management purchased a new position in shares of Hancock Holding during the second quarter worth $220,000. Hedge funds and other institutional investors own 81.16% of the company’s stock.
Hancock Holding (NASDAQ:HBHC) traded down 0.55% during mid-day trading on Friday, hitting $32.70. 259,302 shares of the stock were exchanged. Hancock Holding has a 1-year low of $20.01 and a 1-year high of $33.35. The stock has a 50 day moving average price of $32.02 and a 200 day moving average price of $27.73. The company has a market capitalization of $2.54 billion, a PE ratio of 24.26 and a beta of 0.87.
Hancock Holding (NASDAQ:HBHC) last released its quarterly earnings data on Wednesday, July 20th. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.14. Hancock Holding had a return on equity of 4.53% and a net margin of 11.20%. The company earned $229 million during the quarter, compared to the consensus estimate of $229.18 million. During the same quarter in the prior year, the firm posted $0.51 earnings per share. The firm’s revenue was up 7.7% compared to the same quarter last year. On average, equities analysts anticipate that Hancock Holding will post $1.81 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Tuesday, September 6th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date was Thursday, September 1st. Hancock Holding’s payout ratio is 71.11%.