Hancock Holding Co. (HBHC) To Go Ex-Dividend on December 1st
Hancock Holding Co. (NASDAQ:HBHC) announced a quarterly dividend on Tuesday, November 1st. Shareholders of record on Monday, December 5th will be paid a dividend of 0.24 per share by the financial services provider on Thursday, December 15th. This represents a $0.96 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend is Thursday, December 1st.
Shares of Hancock Holding (NASDAQ:HBHC) opened at 39.80 on Wednesday. Hancock Holding has a one year low of $20.01 and a one year high of $42.00. The firm has a market capitalization of $3.09 billion, a price-to-earnings ratio of 28.09 and a beta of 0.77. The firm has a 50-day moving average price of $35.56 and a 200 day moving average price of $30.66.
Hancock Holding (NASDAQ:HBHC) last posted its earnings results on Tuesday, October 18th. The financial services provider reported $0.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.01. Hancock Holding had a return on equity of 4.74% and a net margin of 11.62%. During the same period in the prior year, the company posted $0.52 earnings per share. Equities analysts forecast that Hancock Holding will post $1.84 earnings per share for the current fiscal year.
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Several research firms have recently weighed in on HBHC. Zacks Investment Research downgraded Hancock Holding from a “buy” rating to a “hold” rating in a report on Friday, November 11th. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Hancock Holding in a report on Wednesday, October 12th. Finally, SunTrust Banks Inc. downgraded Hancock Holding from a “buy” rating to a “neutral” rating and set a $34.00 target price for the company. in a report on Monday, September 19th. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $31.14.
Institutional investors have recently modified their holdings of the company. KCG Holdings Inc. acquired a new position in shares of Hancock Holding during the third quarter worth about $218,000. Raymond James & Associates acquired a new position in shares of Hancock Holding during the second quarter worth about $269,000. Sei Investments Co. increased its position in shares of Hancock Holding by 18.1% in the second quarter. Sei Investments Co. now owns 10,360 shares of the financial services provider’s stock worth $271,000 after buying an additional 1,586 shares during the period. Barclays PLC increased its position in shares of Hancock Holding by 1,490.5% in the second quarter. Barclays PLC now owns 13,726 shares of the financial services provider’s stock worth $358,000 after buying an additional 12,863 shares during the period. Finally, Summit Securities Group LLC acquired a new position in shares of Hancock Holding during the second quarter worth about $453,000. 79.34% of the stock is owned by institutional investors and hedge funds.
About Hancock Holding
Hancock Holding Company (Hancock) is a financial services company that provides a network of service financial choices to the Gulf South region through its bank subsidiary, Whitney Bank, a Mississippi state bank. The Company operates through overall banking operations segment. Whitney Bank operates under brands, such as Hancock Bank in Mississippi, Alabama and Florida and Whitney Bank in Louisiana and Texas.
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