The Hancock Holding Company (HBHC) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

The Hancock Holding Company (HBHC) Releases Quarterly  Earnings Results, Beats Estimates By $0.03 EPS

Hancock Holding Company (NASDAQ:HBHC) announced its earnings results on Tuesday. The financial services provider reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. Hancock Holding Company had a net margin of 11.62% and a return on equity of 4.74%. During the same quarter last year, the firm posted $0.19 earnings per share.

Hancock Holding Company (NASDAQ:HBHC) opened at 44.50 on Thursday. The company has a 50-day moving average of $43.37 and a 200 day moving average of $34.94. The company has a market cap of $3.45 billion, a P/E ratio of 31.40 and a beta of 0.88. Hancock Holding Company has a one year low of $20.01 and a one year high of $45.50.

A number of brokerages have weighed in on HBHC. Zacks Investment Research upgraded shares of Hancock Holding Company from a “hold” rating to a “strong-buy” rating and set a $50.00 target price for the company in a research note on Wednesday, January 4th. FIG Partners reiterated a “market perform” rating on shares of Hancock Holding Company in a research note on Wednesday. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Hancock Holding Company in a research note on Wednesday, October 12th. Seven analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $33.17.

Large investors have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. increased its stake in shares of Hancock Holding Company by 66.1% in the third quarter. Ameritas Investment Partners Inc. now owns 30,338 shares of the financial services provider’s stock valued at $984,000 after buying an additional 12,071 shares during the period. D. E. Shaw & Co. Inc. increased its stake in shares of Hancock Holding Company by 163.1% in the third quarter. D. E. Shaw & Co. Inc. now owns 138,969 shares of the financial services provider’s stock valued at $4,507,000 after buying an additional 86,141 shares during the period. Two Sigma Advisers LP increased its stake in shares of Hancock Holding Company by 327.8% in the third quarter. Two Sigma Advisers LP now owns 41,975 shares of the financial services provider’s stock valued at $1,361,000 after buying an additional 32,164 shares during the period. KCG Holdings Inc. purchased a new stake in shares of Hancock Holding Company during the third quarter valued at $218,000. Finally, Morgan Stanley increased its stake in shares of Hancock Holding Company by 191.2% in the third quarter. Morgan Stanley now owns 221,152 shares of the financial services provider’s stock valued at $7,173,000 after buying an additional 145,201 shares during the period. Institutional investors own 72.78% of the company’s stock.

Hancock Holding Company Company Profile

Hancock Holding Company (Hancock) is a financial services company that provides a network of service financial choices to the Gulf South region through its bank subsidiary, Whitney Bank, a Mississippi state bank. The Company operates through overall banking operations segment. Whitney Bank operates under brands, such as Hancock Bank in Mississippi, Alabama and Florida and Whitney Bank in Louisiana and Texas.

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