Several brokerages have updated their recommendations and price targets on shares of Hancock Holding (NASDAQ: HBHC) in the last few weeks:

  • 8/24/2017 – Hancock Holding was given a new $52.00 price target on by analysts at Piper Jaffray Companies. They now have a “buy” rating on the stock.
  • 8/21/2017 – Hancock Holding was upgraded by analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating. They now have a $50.00 price target on the stock.
  • 8/12/2017 – Hancock Holding was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/11/2017 – Hancock Holding was given a new $50.00 price target on by analysts at Keefe, Bruyette & Woods. They now have a “hold” rating on the stock.
  • 7/24/2017 – Hancock Holding was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/24/2017 – Hancock Holding was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Hancock Holding’s shares have outpaced the industry in the last six months. The company’s second-quarter 2017 earnings were in line with the Zacks Consensus Estimate. We believe strategic initiatives on the back of several investments and branch acquisitions will accelerate revenue generation. Growth in loan and deposit balances along with improving rate environment and potential lesser regulations should support profitability going forward. However, continuously rising operating expenses, as the company invests in franchise and grows inorganically, remain a near-term concern. Also, its exposure to risky loan portfolios makes us apprehensive.”
  • 7/18/2017 – Hancock Holding was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $56.00 price target on the stock. According to Zacks, “Hancock’s shares outpaced the Zacks categorized Southeast Banks industry in the last one year. Estimates have been going down ahead of the company’s second-quarter 2017 earnings release. The company has positive record of earnings surprises in recent quarters. The company’s strategic initiatives on the back of several investments are expected to accelerate revenue generation, going forward. Moreover, the company’s acquisition of the First NBC Bank branches is expected to be accretive to earnings. However, continued pressure on net interest margin and exposure to risky loan portfolios are major near term concerns for the company.”
  • 7/17/2017 – Hancock Holding was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Hancock’s shares outpaced the Zacks categorized Southeast Banks industry in the last one year. Estimates have been going down ahead of the company’s second-quarter 2017 earnings release. The company has positive record of earnings surprises in recent quarters. The company’s strategic initiatives on the back of several investments are expected to accelerate revenue generation, going forward. Moreover, the company’s acquisition of the First NBC Bank branches is expected to be accretive to earnings. However, continued pressure on net interest margin is expected to hurt financials in the near term. Also, exposure to risky loan portfolios remains a major concern for the company.”
  • 7/14/2017 – Hancock Holding had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $51.00 price target on the stock.
  • 7/7/2017 – Hancock Holding was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $55.00 price target on the stock. According to Zacks, “Hancock’s shares outpaced the Zacks categorized Southeast Banks industry in the last six months. The company’s strategic initiatives on the back of several investments are expected to accelerate revenue generation, going forward. With the passage of the Financial Choice Act, the company is likely to increase lending activities, which along with improving loan and deposit balances will lead to further improvement in top-line. Moreover, the company’s acquisition of the First NBC Bank branches is expected to be accretive to earnings. However, continued pressure on net interest margin and exposure to risky loan portfolios remain major near term concerns for the company.”

Shares of Hancock Holding Company (HBHC) traded up 0.9559% during trading on Friday, reaching $44.3701. 177,004 shares of the company’s stock were exchanged. The firm has a market cap of $3.76 billion, a price-to-earnings ratio of 18.5184 and a beta of 0.85. The stock has a 50-day moving average price of $45.59 and a 200 day moving average price of $46.63. Hancock Holding Company has a 12 month low of $31.12 and a 12 month high of $52.94.

Hancock Holding (NASDAQ:HBHC) last released its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.68. The business had revenue of $267.20 million during the quarter, compared to the consensus estimate of $265.03 million. Hancock Holding had a return on equity of 7.85% and a net margin of 18.91%. During the same period in the previous year, the company posted $0.59 EPS. On average, analysts forecast that Hancock Holding Company will post $2.72 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Tuesday, September 5th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.18%. Hancock Holding’s dividend payout ratio is currently 40.00%.

In other Hancock Holding news, Director Randall W. Hanna sold 2,300 shares of the business’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $43.93, for a total transaction of $101,039.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Stephen E. Barker sold 9,966 shares of the business’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $50.28, for a total value of $501,090.48. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 36,855 shares of company stock valued at $1,776,738. Corporate insiders own 1.15% of the company’s stock.

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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