Hancock (HBHC) Rating Reiterated by SunTrust Banks

Hancock (NASDAQ:HBHC)‘s stock had its “hold” rating reiterated by equities research analysts at SunTrust Banks in a research report issued to clients and investors on Friday. They currently have a $59.00 price target on the financial services provider’s stock. SunTrust Banks’ price objective points to a potential upside of 5.64% from the stock’s previous close.

A number of other equities analysts have also issued reports on HBHC. Piper Jaffray Companies reiterated an “overweight” rating and set a $52.00 target price on shares of Hancock in a research report on Thursday, October 5th. Zacks Investment Research lowered shares of Hancock from a “hold” rating to a “sell” rating in a report on Friday, October 6th. Jefferies Group restated a “hold” rating and issued a $52.00 price objective on shares of Hancock in a report on Thursday, October 12th. ValuEngine lowered shares of Hancock from a “buy” rating to a “hold” rating in a report on Friday, November 17th. Finally, BidaskClub lowered shares of Hancock from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $54.90.

Hancock (NASDAQ HBHC) opened at $55.85 on Friday. Hancock has a 12-month low of $41.05 and a 12-month high of $56.15. The stock has a market cap of $4,760.00, a P/E ratio of 22.43, a PEG ratio of 1.81 and a beta of 0.91. 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 (NASDAQ:HBHC) last announced its earnings results on Wednesday, January 17th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.03. Hancock had a net margin of 19.08% and a return on equity of 8.27%. The company had revenue of $277.74 million for the quarter, compared to analyst estimates of $282.68 million. During the same period in the prior year, the business earned $0.64 earnings per share. research analysts anticipate that Hancock will post 2.66 EPS for the current fiscal year.

In related news, insider Samuel B. Kendricks sold 2,982 shares of the stock in a transaction that occurred 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 document filed with the SEC, which can be accessed through this link. Corporate insiders own 1.15% of the company’s stock.

A number of large investors have recently modified their holdings of the business. Suntrust Banks Inc. increased its stake in Hancock by 0.7% in the second quarter. Suntrust Banks Inc. now owns 16,558 shares of the financial services provider’s stock valued at $810,000 after purchasing an additional 110 shares in the last quarter. Advisor Group Inc. increased its stake in Hancock by 1.2% in the second quarter. Advisor Group Inc. now owns 9,304 shares of the financial services provider’s stock valued at $412,000 after purchasing an additional 113 shares in the last quarter. Amalgamated Bank increased its stake in Hancock by 1.7% in the second quarter. Amalgamated Bank now owns 11,754 shares of the financial services provider’s stock valued at $576,000 after purchasing an additional 196 shares in the last quarter. Ameritas Investment Partners Inc. increased its stake in Hancock by 1.0% in the second quarter. Ameritas Investment Partners Inc. now owns 32,553 shares of the financial services provider’s stock valued at $1,595,000 after purchasing an additional 315 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in Hancock by 25.9% in the second quarter. PNC Financial Services Group Inc. now owns 2,820 shares of the financial services provider’s stock valued at $137,000 after purchasing an additional 581 shares in the last quarter. 77.21% of the stock is owned by hedge funds and other institutional investors.

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Hancock 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.

Analyst Recommendations for Hancock (NASDAQ:HBHC)

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