Hancock (HBHC) Set to Announce Earnings on Tuesday

Hancock (NASDAQ:HBHC) will be posting its quarterly earnings results after the market closes on Tuesday, April 17th. Analysts expect Hancock to post earnings of $0.85 per share for the quarter.

Hancock (NASDAQ:HBHC) last posted its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.86 earnings per share for the quarter, topping the 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 business had revenue of $277.74 million during the quarter, compared to analysts’ expectations of $282.68 million. During the same quarter in the previous year, the firm earned $0.64 EPS. On average, analysts expect Hancock to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

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NASDAQ HBHC opened at $52.25 on Monday. Hancock has a twelve month low of $41.05 and a twelve month high of $56.40. 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 stock has a market cap of $4,607.89, a P/E ratio of 17.89, a price-to-earnings-growth ratio of 1.73 and a beta of 1.01.

In related news, Director Sonya C. Little sold 600 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $54.85, for a total transaction of $32,910.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Frank E. Bertucci sold 3,031 shares of the business’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $55.00, for a total value of $166,705.00. The disclosure for this sale can be found here. Insiders have sold 47,833 shares of company stock worth $2,613,063 over the last 90 days. Corporate insiders own 1.15% of the company’s stock.

Several equities analysts recently weighed in on the company. Zacks Investment Research raised Hancock from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research report on Tuesday, December 19th. BidaskClub cut Hancock from a “buy” rating to a “hold” rating in a research report on Friday, December 29th. Hovde Group raised Hancock from a “market perform” rating to an “outperform” rating and set a $58.00 price objective for the company in a research report on Wednesday, December 27th. ValuEngine cut Hancock from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Finally, Sandler O’Neill raised Hancock from a “hold” rating to a “buy” rating in a research report on Thursday, January 4th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $57.86.

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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.

Earnings History for Hancock (NASDAQ:HBHC)

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