Somewhat Positive Media Coverage Somewhat Unlikely to Impact Hancock Holding (HBHC) Share Price
Media headlines about Hancock Holding (NASDAQ:HBHC) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than 20 million news and blog sources. 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 news impact score of 0.08 on Accern’s scale. Accern also assigned headlines about the financial services provider an impact score of 45.5439393173316 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Hancock Holding (NASDAQ HBHC) opened at 49.15 on Wednesday. The firm has a 50-day moving average price of $44.66 and a 200-day moving average price of $46.33. The firm has a market capitalization of $4.17 billion, a PE ratio of 20.51 and a beta of 0.88. Hancock Holding has a 1-year low of $31.73 and a 1-year high of $52.94.
Hancock Holding (NASDAQ:HBHC) last announced its earnings results on Tuesday, July 18th. The financial services provider reported $0.68 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.68. Hancock Holding had a net margin of 18.91% and a return on equity of 7.85%. The business had revenue of $267.20 million during the quarter, compared to the consensus estimate of $265.03 million. During the same quarter last year, the firm earned $0.59 earnings per share. Equities analysts expect that Hancock Holding will post $2.71 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Tuesday, September 5th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, August 31st. This represents a $0.96 dividend on an annualized basis and a yield of 1.95%. Hancock Holding’s dividend payout ratio (DPR) is currently 40.00%.
Several equities analysts have weighed in on HBHC shares. Zacks Investment Research lowered Hancock Holding from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Keefe, Bruyette & Woods upgraded Hancock Holding from a “market perform” rating to an “outperform” rating and set a $50.00 target price on the stock in a report on Monday, August 21st. BidaskClub lowered Hancock Holding from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Jefferies Group LLC restated a “hold” rating and set a $51.00 target price on shares of Hancock Holding in a research report on Friday, July 14th. Finally, Piper Jaffray Companies set a $52.00 price target on Hancock Holding and gave the company a “buy” rating in a research note on Thursday, August 24th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Hancock Holding has a consensus rating of “Hold” and an average target price of $52.03.
In other Hancock Holding news, insider Cecil W. Knight, Jr. purchased 2,000 shares of the business’s stock in a transaction on Thursday, September 7th. The shares were purchased at an average cost of $41.40 per share, for a total transaction of $82,800.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Joseph S. Exnicios sold 3,369 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $46.27, for a total value of $155,883.63. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,909 shares of company stock valued at $827,307. Company insiders own 1.15% of the company’s stock.
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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