Hancock Holding Company (HBHC) Insider Samuel B. Kendricks Sells 2,982 Shares
Hancock Holding Company (NASDAQ:HBHC) insider Samuel B. Kendricks sold 2,982 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $48.62, for a total transaction of $144,984.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Hancock Holding Company (NASDAQ:HBHC) traded up $0.30 during trading on Tuesday, reaching $49.50. 443,220 shares of the company’s stock traded hands, compared to its average volume of 594,184. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market capitalization of $4,200.00, a PE ratio of 17.92, a PEG ratio of 2.22 and a beta of 0.90. Hancock Holding Company has a twelve month low of $39.75 and a twelve month high of $52.94.
Hancock Holding (NASDAQ:HBHC) last issued its earnings results on Tuesday, October 17th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.02. The business had revenue of $269.97 million during the quarter, compared to analysts’ expectations of $279.80 million. Hancock Holding had a net margin of 19.08% and a return on equity of 8.27%. During the same period in the previous year, the company earned $0.59 earnings per share. research analysts forecast that Hancock Holding Company will post 2.74 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Tuesday, December 5th will be issued a $0.24 dividend. The ex-dividend date is Monday, December 4th. This represents a $0.96 annualized dividend and a yield of 1.94%. Hancock Holding’s dividend payout ratio (DPR) is presently 38.55%.
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A number of institutional investors have recently modified their holdings of HBHC. Janus Henderson Group PLC purchased a new position in Hancock Holding in the second quarter worth about $29,145,000. Citadel Advisors LLC raised its holdings in shares of Hancock Holding by 79.2% during the second quarter. Citadel Advisors LLC now owns 1,204,824 shares of the financial services provider’s stock valued at $59,037,000 after purchasing an additional 532,320 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Hancock Holding by 22.3% during the second quarter. Northern Trust Corp now owns 1,659,620 shares of the financial services provider’s stock valued at $81,321,000 after purchasing an additional 302,101 shares during the last quarter. Monarch Partners Asset Management LLC purchased a new position in shares of Hancock Holding during the second quarter valued at approximately $14,497,000. Finally, Vanguard Group Inc. raised its holdings in shares of Hancock Holding by 4.1% during the second quarter. Vanguard Group Inc. now owns 7,524,104 shares of the financial services provider’s stock valued at $368,682,000 after purchasing an additional 294,346 shares during the last quarter. 75.35% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have issued reports on HBHC. ValuEngine lowered shares of Hancock Holding from a “buy” rating to a “hold” rating in a report on Friday. Jefferies Group LLC reaffirmed a “hold” rating and set a $52.00 target price on shares of Hancock Holding in a research note on Thursday, October 12th. Zacks Investment Research lowered shares of Hancock Holding from a “hold” rating to a “sell” rating in a research note on Friday, October 6th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $52.00 target price on shares of Hancock Holding in a research note on Thursday, October 5th. Finally, SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $50.00 target price on shares of Hancock Holding in a research note on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Hancock Holding presently has an average rating of “Hold” and an average price target of $51.92.
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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