Hancock Holding Company (NASDAQ:HBHC) insider Miles S. Milton sold 265 shares of the company’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $49.97, for a total value of $13,242.05. Following the sale, the insider now owns 1,259 shares in the company, valued at approximately $62,912.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Hancock Holding Company (NASDAQ:HBHC) traded down 1.22% during mid-day trading on Friday, reaching $48.65. The company’s stock had a trading volume of 2,341,254 shares. The company has a market cap of $4.11 billion, a price-to-earnings ratio of 20.39 and a beta of 0.85. The firm has a 50 day moving average price of $47.86 and a 200 day moving average price of $45.74. Hancock Holding Company has a 52-week low of $23.78 and a 52-week high of $52.94.
Hancock Holding Company (NASDAQ:HBHC) last announced its earnings results on Tuesday, April 18th. The financial services provider reported $0.57 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.57. Hancock Holding Company had a return on equity of 7.65% and a net margin of 19.25%. The firm had revenue of $245.18 million for the quarter, compared to the consensus estimate of $245.23 million. During the same quarter in the previous year, the business earned $0.05 EPS. Equities research analysts anticipate that Hancock Holding Company will post $2.78 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Monday, June 5th were paid a $0.24 dividend. The ex-dividend date of this dividend was Thursday, June 1st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.97%. Hancock Holding Company’s payout ratio is presently 40.17%.
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Several analysts recently issued reports on HBHC shares. Zacks Investment Research upgraded Hancock Holding Company from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a report on Monday, March 20th. ValuEngine upgraded Hancock Holding Company from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Stephens restated a “hold” rating on shares of Hancock Holding Company in a research note on Friday, April 28th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $47.00 price objective on shares of Hancock Holding Company in a research note on Thursday, April 20th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $51.00 price objective on shares of Hancock Holding Company in a research note on Tuesday, April 4th. Seven analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Hancock Holding Company currently has a consensus rating of “Buy” and an average price target of $45.33.
Several institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its position in shares of Hancock Holding Company by 72.2% in the first quarter. PNC Financial Services Group Inc. now owns 2,239 shares of the financial services provider’s stock worth $101,000 after buying an additional 939 shares during the last quarter. Glen Harbor Capital Management LLC boosted its stake in Hancock Holding Company by 0.7% in the first quarter. Glen Harbor Capital Management LLC now owns 2,272 shares of the financial services provider’s stock worth $103,000 after buying an additional 16 shares during the period. Quantbot Technologies LP bought a new stake in Hancock Holding Company during the first quarter worth approximately $118,000. Tyers Asset Management LLC bought a new stake in Hancock Holding Company during the fourth quarter worth approximately $134,000. Finally, Flinton Capital Management LLC bought a new stake in Hancock Holding Company during the fourth quarter worth approximately $170,000. Hedge funds and other institutional investors own 78.14% of the company’s stock.
About Hancock Holding Company
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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