Analysts Expect Hancock Holding (HBHC) Will Post Earnings of $0.90 Per Share

Equities research analysts expect that Hancock Holding (NASDAQ:HBHC) will announce earnings of $0.90 per share for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Hancock’s earnings, with the highest EPS estimate coming in at $0.92 and the lowest estimate coming in at $0.87. Hancock posted earnings per share of $0.63 during the same quarter last year, which suggests a positive year-over-year growth rate of 42.9%. The business is expected to announce its next quarterly earnings results after the market closes on Tuesday, April 17th.

According to Zacks, analysts expect that Hancock will report full-year earnings of $3.83 per share for the current year, with EPS estimates ranging from $3.70 to $4.02. For the next year, analysts forecast that the company will report earnings of $4.24 per share, with EPS estimates ranging from $4.12 to $4.45. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that cover Hancock.

Hancock (NASDAQ:HBHC) last released its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.03. Hancock had a return on equity of 8.96% and a net margin of 18.46%. The company had revenue of $277.74 million during the quarter, compared to analysts’ expectations of $282.68 million. During the same quarter in the prior year, the business posted $0.64 earnings per share.



Several analysts have recently weighed in on the company. BidaskClub lowered Hancock from a “buy” rating to a “hold” rating in a report on Tuesday, March 27th. Sandler O’Neill restated a “buy” rating and issued a $61.00 price objective on shares of Hancock in a report on Friday, January 19th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $62.00 price objective on shares of Hancock in a report on Friday, January 19th. SunTrust Banks restated a “hold” rating and issued a $59.00 price objective on shares of Hancock in a report on Friday, January 19th. Finally, ValuEngine upgraded Hancock from a “hold” rating to a “buy” rating in a report on Tuesday, March 27th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Hancock presently has an average rating of “Hold” and an average price target of $57.86.

NASDAQ:HBHC opened at $52.25 on Wednesday. Hancock has a 1 year low of $41.05 and a 1 year high of $56.40. The firm has a market capitalization of $4,607.89, a PE ratio of 17.89, a price-to-earnings-growth ratio of 1.73 and a beta of 1.01. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.11.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Monday, March 5th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.84%. The ex-dividend date was Friday, March 2nd. Hancock’s dividend payout ratio is 32.88%.

In other news, Director Frank E. Bertucci sold 3,031 shares of the company’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $55.00, for a total transaction of $166,705.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Sonya C. Little sold 600 shares of the company’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $54.85, for a total value of $32,910.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 47,833 shares of company stock valued at $2,613,063. 1.15% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the stock. Dalton Greiner Hartman Maher & Co. raised its position in Hancock by 3.6% during the fourth quarter. Dalton Greiner Hartman Maher & Co. now owns 374,179 shares of the financial services provider’s stock valued at $18,522,000 after buying an additional 13,174 shares during the period. Deutsche Bank AG raised its position in Hancock by 80.9% during the fourth quarter. Deutsche Bank AG now owns 719,600 shares of the financial services provider’s stock valued at $35,617,000 after buying an additional 321,726 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Hancock by 50.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,874 shares of the financial services provider’s stock valued at $241,000 after buying an additional 1,626 shares during the period. Dorsey Wright & Associates raised its position in Hancock by 3.0% during the fourth quarter. Dorsey Wright & Associates now owns 66,690 shares of the financial services provider’s stock valued at $3,301,000 after buying an additional 1,965 shares during the period. Finally, ETRADE Capital Management LLC raised its position in Hancock by 38.7% during the fourth quarter. ETRADE Capital Management LLC now owns 14,402 shares of the financial services provider’s stock valued at $713,000 after buying an additional 4,019 shares during the period. 76.05% of the stock is currently owned by hedge funds and other institutional investors.

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About Hancock

Hancock Holding Company operates as the bank holding company for Whitney Bank that provides a range of community banking services to commercial, small business, and retail customers. The company offers various deposit products, including noninterest-bearing demand deposits, interest-bearing transaction accounts, savings accounts, money market deposit accounts, and time deposit accounts.

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Earnings History and Estimates for Hancock (NASDAQ:HBHC)

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