News coverage about Hancock (NASDAQ:HBHC) has been trending somewhat positive recently, Accern reports. Accern scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Hancock earned a news impact score of 0.09 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 45.3435322348039 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Shares of HBHC opened at $51.65 on Friday. The company has a market cap of $4.41 billion, a PE ratio of 17.69, a PEG ratio of 1.68 and a beta of 1.04. Hancock has a 1 year low of $41.05 and a 1 year high of $56.40. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.80 and a current ratio of 0.81.
Hancock (NASDAQ:HBHC) last issued its quarterly earnings data on Tuesday, April 17th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.02. The business had revenue of $271.92 million for the quarter, compared to analysts’ expectations of $281.70 million. Hancock had a return on equity of 9.70% and a net margin of 19.76%. During the same period in the prior year, the firm earned $0.57 EPS. equities analysts forecast that Hancock will post 3.84 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 15th. Stockholders of record on Tuesday, June 5th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, June 4th. This represents a $0.96 annualized dividend and a dividend yield of 1.86%. Hancock’s dividend payout ratio (DPR) is 32.88%.
A number of research firms recently commented on HBHC. SunTrust Banks lowered their price target on Hancock to $54.00 and set a “hold” rating on the stock in a report on Thursday, April 19th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $60.00 price target on shares of Hancock in a report on Thursday, April 19th. Zacks Investment Research cut Hancock from a “buy” rating to a “hold” rating in a report on Wednesday, April 11th. ValuEngine cut Hancock from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Finally, BidaskClub cut Hancock from a “buy” rating to a “hold” rating in a report on Tuesday, March 27th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Hancock currently has a consensus rating of “Hold” and an average target price of $56.86.
In other news, Director James H. Horne sold 4,135 shares of the business’s stock in a transaction that occurred on Tuesday, May 15th. The stock was sold at an average price of $51.76, for a total transaction of $214,027.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.96% of the stock is owned by corporate insiders.
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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