Brokerages Set Hancock Holding Company (HBHC) Target Price at $45.13
Shares of Hancock Holding Company (NASDAQ:HBHC) have been assigned an average recommendation of “Buy” from the eleven research firms that are presently covering the firm. Six investment analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $45.33.
Several equities research analysts have recently issued reports on HBHC shares. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $47.00 target price on shares of Hancock Holding Company in a research report on Thursday. FIG Partners reaffirmed a “market perform” rating and set a $46.25 target price on shares of Hancock Holding Company in a research report on Wednesday, January 18th. JMP Securities started coverage on Hancock Holding Company in a research report on Thursday, February 2nd. They set an “outperform” rating and a $55.00 target price for the company. Jefferies Group LLC reaffirmed a “hold” rating and set a $51.00 target price on shares of Hancock Holding Company in a research report on Tuesday, April 4th. Finally, Bank of America Corp raised Hancock Holding Company from a “neutral” rating to a “buy” rating and set a $52.00 target price for the company in a research report on Monday, January 30th.
In other news, EVP Stephen E. Barker sold 5,566 shares of the stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $49.28, for a total transaction of $274,292.48. Following the completion of the transaction, the executive vice president now owns 5,301 shares in the company, valued at approximately $261,233.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert W. Roseberry sold 6,000 shares of the stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $47.50, for a total value of $285,000.00. Following the transaction, the director now owns 28,906 shares of the company’s stock, valued at approximately $1,373,035. The disclosure for this sale can be found here. 1.45% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in Hancock Holding Company by 5.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,968,108 shares of the financial services provider’s stock valued at $257,226,000 after buying an additional 320,852 shares during the last quarter. BlackRock Fund Advisors increased its position in Hancock Holding Company by 6.6% in the third quarter. BlackRock Fund Advisors now owns 4,122,162 shares of the financial services provider’s stock valued at $133,682,000 after buying an additional 254,521 shares during the last quarter. State Street Corp increased its position in Hancock Holding Company by 5.6% in the fourth quarter. State Street Corp now owns 4,006,922 shares of the financial services provider’s stock valued at $172,699,000 after buying an additional 212,368 shares during the last quarter. Northern Trust Corp increased its position in Hancock Holding Company by 5.5% in the third quarter. Northern Trust Corp now owns 1,392,640 shares of the financial services provider’s stock valued at $45,163,000 after buying an additional 72,553 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in Hancock Holding Company by 180.4% in the third quarter. Ameriprise Financial Inc. now owns 1,126,858 shares of the financial services provider’s stock valued at $36,543,000 after buying an additional 724,944 shares during the last quarter. Institutional investors own 72.52% of the company’s stock.
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Hancock Holding Company (NASDAQ:HBHC) traded up 2.79% during trading on Monday, hitting $46.05. 764,720 shares of the company traded hands. Hancock Holding Company has a 12-month low of $23.78 and a 12-month high of $49.50. The stock has a 50-day moving average price of $45.32 and a 200-day moving average price of $42.09. The firm has a market capitalization of $3.88 billion, a P/E ratio of 24.63 and a beta of 0.88.
Hancock Holding Company (NASDAQ:HBHC) last announced its earnings results on Tuesday, April 18th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.57. Hancock Holding Company had a return on equity of 6.04% and a net margin of 15.11%. The firm earned $245.18 million during the quarter, compared to analyst estimates of $245.23 million. During the same period last year, the firm posted $0.05 EPS. Equities analysts expect that Hancock Holding Company will post $2.65 EPS for the current fiscal year.
About Hancock Holding Company
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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