Hancock Holding Company (HBHC) Insider Joseph S. Exnicios Sells 3,762 Shares

Hancock Holding Company (NASDAQ:HBHC) insider Joseph S. Exnicios sold 3,762 shares of Hancock Holding Company stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $48.80, for a total transaction of $183,585.60. Following the completion of the sale, the insider now owns 6,477 shares in the company, valued at $316,077.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Shares of Hancock Holding Company (NASDAQ HBHC) traded down 2.55% on Tuesday, reaching $47.85. 189,166 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $47.93 and a 200 day moving average of $45.87. The firm has a market capitalization of $4.04 billion, a P/E ratio of 20.05 and a beta of 0.85. Hancock Holding Company has a one year low of $23.78 and a one year high of $52.94.

Hancock Holding Company (NASDAQ:HBHC) last issued its quarterly earnings data on Tuesday, April 18th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.57. Hancock Holding Company had a net margin of 19.25% and a return on equity of 7.65%. The company had revenue of $245.18 million during the quarter, compared to the consensus estimate of $245.23 million. During the same quarter last year, the company earned $0.05 earnings per share. On average, equities research analysts predict that Hancock Holding Company will post $2.78 EPS for the current year.

Insider Buying and Selling by Quarter for Hancock Holding Company (NASDAQ:HBHC)

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Monday, June 5th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend was Thursday, June 1st. Hancock Holding Company’s dividend payout ratio (DPR) is 40.17%.

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A number of analysts have recently weighed in on the stock. Piper Jaffray Companies upgraded shares of Hancock Holding Company from a “neutral” rating to an “overweight” rating in a report on Friday, May 12th. ValuEngine upgraded shares of Hancock Holding Company from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research upgraded shares of Hancock Holding Company from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a report on Monday, March 20th. Raymond James Financial, Inc. raised shares of Hancock Holding Company from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the company from $48.00 to $54.00 in a research report on Thursday, March 16th. Finally, Keefe, Bruyette & Woods set a $45.00 price objective on shares of Hancock Holding Company and gave the company a “hold” rating in a research report on Tuesday, April 4th. Seven research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Hancock Holding Company currently has an average rating of “Buy” and a consensus target price of $45.33.

Hedge funds have recently modified their holdings of the stock. Glen Harbor Capital Management LLC increased its stake in shares of Hancock Holding Company by 0.7% in the first quarter. Glen Harbor Capital Management LLC now owns 2,272 shares of the financial services provider’s stock valued at $103,000 after buying an additional 16 shares during the period. Tyers Asset Management LLC boosted its position in Hancock Holding Company by 0.7% in the first quarter. Tyers Asset Management LLC now owns 3,124 shares of the financial services provider’s stock valued at $142,000 after buying an additional 22 shares during the period. Flinton Capital Management LLC boosted its position in Hancock Holding Company by 0.7% in the first quarter. Flinton Capital Management LLC now owns 3,976 shares of the financial services provider’s stock valued at $181,000 after buying an additional 28 shares during the period. Neuburgh Advisers LLC boosted its position in Hancock Holding Company by 0.7% in the first quarter. Neuburgh Advisers LLC now owns 4,828 shares of the financial services provider’s stock valued at $220,000 after buying an additional 34 shares during the period. Finally, Envestnet Asset Management Inc. boosted its position in Hancock Holding Company by 2.9% in the first quarter. Envestnet Asset Management Inc. now owns 6,515 shares of the financial services provider’s stock valued at $296,000 after buying an additional 185 shares during the period. 78.14% of the stock is owned by institutional investors.

Hancock Holding Company 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.

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