BidaskClub downgraded shares of Hancock (NASDAQ:HBHC) from a buy rating to a hold rating in a research note issued to investors on Tuesday.

HBHC has been the subject of several other reports. SunTrust Banks reissued a hold rating and issued a $53.00 price objective on shares of Hancock in a research report on Wednesday, November 29th. Jefferies Group reaffirmed a hold rating and issued a $52.00 target price on shares of Hancock in a report on Thursday, October 12th. ValuEngine cut shares of Hancock from a buy rating to a hold rating in a report on Friday, November 17th. Piper Jaffray Companies set a $52.00 target price on shares of Hancock and gave the company a buy rating in a report on Thursday, August 24th. Finally, Zacks Investment Research cut shares of Hancock from a hold rating to a sell rating in a report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $52.25.

Shares of Hancock (HBHC) opened at $50.00 on Tuesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.82 and a current ratio of 0.82. Hancock has a 1 year low of $40.95 and a 1 year high of $53.35. The stock has a market cap of $4,144.05, a PE ratio of 17.95, a price-to-earnings-growth ratio of 2.22 and a beta of 0.91.

Hancock (NASDAQ:HBHC) last posted its earnings results on Tuesday, October 17th. The financial services provider reported $0.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.02. Hancock had a net margin of 19.08% and a return on equity of 8.27%. The company had revenue of $269.97 million during the quarter, compared to analyst estimates of $279.80 million. During the same period in the prior year, the business posted $0.59 earnings per share. equities research analysts anticipate that Hancock will post 2.74 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Tuesday, December 5th were paid a $0.24 dividend. The ex-dividend date of this dividend was Monday, December 4th. This represents a $0.96 annualized dividend and a yield of 1.92%. Hancock’s dividend payout ratio is currently 38.55%.

In other Hancock news, insider Samuel B. Kendricks sold 2,982 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $48.62, for a total value of $144,984.84. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.15% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its stake in Hancock by 4.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,606,146 shares of the financial services provider’s stock worth $78,702,000 after purchasing an additional 74,006 shares in the last quarter. Sei Investments Co. boosted its holdings in shares of Hancock by 21.8% during the second quarter. Sei Investments Co. now owns 20,948 shares of the financial services provider’s stock worth $1,026,000 after purchasing an additional 3,747 shares during the period. Federated Investors Inc. PA boosted its holdings in shares of Hancock by 6.2% during the second quarter. Federated Investors Inc. PA now owns 126,899 shares of the financial services provider’s stock worth $6,218,000 after purchasing an additional 7,370 shares during the period. Legal & General Group Plc boosted its holdings in shares of Hancock by 11.8% during the second quarter. Legal & General Group Plc now owns 100,332 shares of the financial services provider’s stock worth $4,914,000 after purchasing an additional 10,621 shares during the period. Finally, Bank of Nova Scotia purchased a new stake in shares of Hancock during the second quarter worth about $1,840,000. 77.23% of the stock is currently owned by institutional investors.

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About Hancock

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.

Analyst Recommendations for Hancock (NASDAQ:HBHC)

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