Somewhat Positive Press Coverage Somewhat Unlikely to Affect Hancock Holding (HBHC) Stock Price
Press coverage about Hancock Holding (NASDAQ:HBHC) has been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Hancock Holding earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 45.6474525306759 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Several equities analysts have commented on HBHC shares. ValuEngine upgraded shares of Hancock Holding from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. BidaskClub downgraded shares of Hancock Holding from a “buy” rating to a “hold” rating in a research note on Friday, June 23rd. Zacks Investment Research raised shares of Hancock Holding from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research note on Friday, July 7th. Jefferies Group LLC reissued a “hold” rating and issued a $51.00 target price on shares of Hancock Holding in a research note on Friday, July 14th. Finally, Keefe, Bruyette & Woods set a $50.00 target price on shares of Hancock Holding and gave the company a “hold” rating in a research note on Friday, August 11th. One research analyst has rated the stock with a sell rating, five have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Hancock Holding currently has a consensus rating of “Buy” and a consensus price target of $50.03.
Shares of Hancock Holding (HBHC) opened at 43.70 on Friday. The stock has a market cap of $3.70 billion, a P/E ratio of 18.24 and a beta of 0.87. Hancock Holding has a 52 week low of $31.12 and a 52 week high of $52.94. The stock has a 50 day moving average of $44.14 and a 200 day moving average of $46.34.
Hancock Holding (NASDAQ:HBHC) last announced its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.68 earnings per share for the quarter, meeting the consensus estimate of $0.68. The firm had revenue of $267.20 million for the quarter, compared to analysts’ expectations of $265.03 million. Hancock Holding had a net margin of 18.91% and a return on equity of 7.85%. During the same quarter in the previous year, the company posted $0.59 EPS. On average, analysts expect that Hancock Holding will post $2.72 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Tuesday, September 5th were given a dividend of $0.24 per share. The ex-dividend date was Thursday, August 31st. This represents a $0.96 annualized dividend and a dividend yield of 2.20%. Hancock Holding’s payout ratio is 40.00%.
In other Hancock Holding news, CEO John M. Hairston sold 12,240 shares of the company’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $46.60, for a total value of $570,384.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Cecil W. Knight, Jr. bought 2,000 shares of the firm’s stock in a transaction on Thursday, September 7th. The stock was bought at an average cost of $41.40 per share, for a total transaction of $82,800.00. The disclosure for this purchase can be found here. In the last three months, insiders have sold 17,909 shares of company stock worth $827,307. Corporate insiders own 1.15% of the company’s stock.
About Hancock Holding
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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