Hancock Holding Company (NASDAQ:HBHC) released its quarterly earnings results on Tuesday. The financial services provider reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by $0.01, Briefing.com reports. Hancock Holding had a net margin of 19.25% and a return on equity of 7.65%. During the same quarter last year, the company earned $0.59 earnings per share.

Shares of Hancock Holding (NASDAQ:HBHC) opened at 49.75 on Wednesday. The company has a market cap of $4.20 billion, a PE ratio of 20.85 and a beta of 0.87. The company has a 50 day moving average of $48.44 and a 200 day moving average of $46.66. Hancock Holding has a 52 week low of $27.69 and a 52 week high of $52.94.

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In other news, Director Robert W. Roseberry sold 1,407 shares of the firm’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $48.00, for a total transaction of $67,536.00. Following the sale, the director now owns 14,707 shares in the company, valued at approximately $705,936. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO John M. Hairston sold 41,903 shares of the firm’s stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $47.81, for a total transaction of $2,003,382.43. Following the sale, the chief executive officer now owns 73,544 shares in the company, valued at approximately $3,516,138.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 70,669 shares of company stock worth $3,424,090. Corporate insiders own 1.15% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. boosted its position in shares of Hancock Holding 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 position in shares of Hancock Holding 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 last quarter. Quantbot Technologies LP acquired a new position in shares of Hancock Holding during the first quarter worth approximately $118,000. Tyers Asset Management LLC boosted its position in shares of Hancock Holding by 0.7% in the first quarter. Tyers Asset Management LLC now owns 3,124 shares of the financial services provider’s stock worth $142,000 after buying an additional 22 shares during the last quarter. Finally, Flinton Capital Management LLC boosted its position in shares of Hancock Holding by 0.7% in the first quarter. Flinton Capital Management LLC now owns 3,976 shares of the financial services provider’s stock worth $181,000 after buying an additional 28 shares during the last quarter. Hedge funds and other institutional investors own 77.92% of the company’s stock.

Several brokerages have commented on HBHC. Zacks Investment Research upgraded shares of Hancock Holding from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research report on Tuesday. Keefe, Bruyette & Woods set a $45.00 price objective on shares of Hancock Holding and gave the company a “hold” rating in a research report on Tuesday, April 4th. Jefferies Group LLC restated a “hold” rating and set a $51.00 price objective on shares of Hancock Holding in a research report on Tuesday, April 4th. Piper Jaffray Companies upgraded shares of Hancock Holding from a “neutral” rating to an “overweight” rating in a research report on Friday, May 12th. Finally, BidaskClub downgraded shares of Hancock Holding from a “buy” rating to a “hold” rating in a research report on Friday, June 23rd. Seven research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $45.63.

Hancock Holding 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.

Earnings History for Hancock Holding (NASDAQ:HBHC)

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