Somewhat Favorable News Coverage Somewhat Unlikely to Affect Hancock Holding (HBHC) Share Price
News articles about Hancock Holding (NASDAQ:HBHC) have been trending somewhat positive recently, Accern reports. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Hancock Holding earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 45.6922623033296 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- Hawaiian Electric Industries Inc (HE) Seeing Increased Volatility in Session – Sparta Review (spartareview.com)
- Needle Action Activity Spotted in Hancock Holding Co (HBHC) – Sparta Review (spartareview.com)
- Taking a Look Under the Hood at Hancock Holding Co (HBHC) Shares – Stock Press Daily (stockpressdaily.com)
- Hancock Holding Company (HBHC) Ex-Dividend Date Scheduled for August 31, 2017 – Nasdaq (nasdaq.com)
- Running on Empty or is Hancock Holding Co (HBHC) Refueling? – Sparta Review (spartareview.com)
Hancock Holding (NASDAQ:HBHC) opened at 44.35 on Monday. The stock has a market capitalization of $3.76 billion, a PE ratio of 18.51 and a beta of 0.87. The stock’s 50 day moving average price is $45.43 and its 200 day moving average price is $46.62. Hancock Holding has a 1-year low of $31.12 and a 1-year high of $52.94.
Hancock Holding (NASDAQ:HBHC) last issued its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.68 earnings per share for the quarter, hitting the consensus estimate of $0.68. Hancock Holding had a return on equity of 7.85% and a net margin of 18.91%. The firm had revenue of $267.20 million for the quarter, compared to the consensus estimate of $265.03 million. During the same period in the prior year, the business posted $0.59 earnings per share. On average, equities research analysts predict that Hancock Holding will post $2.72 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, September 5th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $0.96 annualized dividend and a dividend yield of 2.16%. Hancock Holding’s payout ratio is 40.00%.
A number of equities analysts have commented on HBHC shares. Piper Jaffray Companies set a $52.00 price target on Hancock Holding and gave the stock a “buy” rating in a research note on Thursday, August 24th. Keefe, Bruyette & Woods set a $50.00 target price on Hancock Holding and gave the company a “hold” rating in a research note on Friday, August 11th. ValuEngine raised Hancock Holding from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research raised Hancock Holding from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a research note on Tuesday, July 18th. Finally, BidaskClub cut Hancock Holding from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. One analyst has rated the stock with a sell rating, five have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $50.03.
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In other Hancock Holding news, Director Randall W. Hanna sold 2,300 shares of the firm’s stock in a transaction on 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 SEC, which can be accessed through this hyperlink. Also, insider George A. Schloegel sold 4,953 shares of the firm’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $50.78, for a total value of $251,513.34. The disclosure for this sale can be found here. Over the last quarter, insiders sold 36,855 shares of company stock worth $1,776,738. Company insiders own 1.15% of the company’s stock.
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.
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