$282.65 Million in Sales Expected for Hancock Holding (HBHC) This Quarter
Wall Street brokerages forecast that Hancock Holding (NASDAQ:HBHC) will announce sales of $282.65 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Hancock’s earnings, with estimates ranging from $282.20 million to $283.40 million. Hancock posted sales of $233.69 million in the same quarter last year, which suggests a positive year over year growth rate of 21%. The business is expected to report its next earnings results on Tuesday, January 16th.
On average, analysts expect that Hancock will report full-year sales of $282.65 million for the current financial year. For the next financial year, analysts expect that the firm will post sales of $1.16 billion per share, with estimates ranging from $1.15 billion to $1.17 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Hancock.
Hancock (NASDAQ:HBHC) last posted its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $0.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.02. Hancock had a return on equity of 8.27% and a net margin of 19.08%. The firm had revenue of $269.97 million during the quarter, compared to analyst estimates of $279.80 million. During the same period last year, the company posted $0.59 EPS.
Hancock (HBHC) traded up $1.35 during mid-day trading on Friday, hitting $50.00. The stock had a trading volume of 1,191,636 shares, compared to its average volume of 476,353. Hancock has a 1 year low of $40.95 and a 1 year high of $53.35. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market cap of $4,144.05, a price-to-earnings ratio of 17.95, a PEG ratio of 2.22 and a beta of 0.91.
The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Tuesday, December 5th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date was Monday, December 4th. Hancock’s payout ratio is 38.55%.
In other Hancock news, insider Samuel B. Kendricks sold 2,982 shares of Hancock stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $48.62, for a total transaction of $144,984.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.15% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in HBHC. PNC Financial Services Group Inc. boosted its stake in Hancock by 25.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,820 shares of the financial services provider’s stock valued at $137,000 after purchasing an additional 581 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Hancock by 14.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,248 shares of the financial services provider’s stock valued at $159,000 after purchasing an additional 404 shares during the last quarter. Hayek Kallen Investment Management acquired a new position in Hancock during the 2nd quarter valued at about $204,000. Canada Pension Plan Investment Board acquired a new position in Hancock during the 2nd quarter valued at about $216,000. Finally, Sabal Trust CO acquired a new position in Hancock during the 3rd quarter valued at about $216,000. Institutional investors and hedge funds own 77.23% of the company’s stock.
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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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