$281.70 Million in Sales Expected for Hancock Holding (HBHC) This Quarter
Wall Street analysts forecast that Hancock Holding (NASDAQ:HBHC) will announce $281.70 million in sales for the current quarter, Zacks reports. Four analysts have provided estimates for Hancock’s earnings, with the lowest sales estimate coming in at $280.00 million and the highest estimate coming in at $284.80 million. Hancock posted sales of $245.18 million in the same quarter last year, which suggests a positive year over year growth rate of 14.9%. The company is scheduled to report its next quarterly earnings results after the market closes on Tuesday, April 17th.
On average, analysts expect that Hancock will report full-year sales of $1.18 billion for the current financial year, with estimates ranging from $1.17 billion to $1.20 billion. For the next fiscal year, analysts forecast that the firm will post sales of $1.27 billion per share, with estimates ranging from $1.26 billion to $1.28 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Hancock.
Hancock (NASDAQ:HBHC) last released its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.03. The business had revenue of $277.74 million for the quarter, compared to analysts’ expectations of $282.68 million. Hancock had a return on equity of 8.96% and a net margin of 18.46%. During the same period in the prior year, the firm posted $0.64 EPS.
In other news, Director Frank E. Bertucci sold 3,031 shares of the company’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $55.00, for a total value of $166,705.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph S. Exnicios sold 1,000 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $53.40, for a total value of $53,400.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 47,833 shares of company stock valued at $2,613,063. Company insiders own 1.15% of the company’s stock.
Several large investors have recently bought and sold shares of HBHC. Legal & General Group Plc increased its stake in shares of Hancock by 9.4% in the 3rd quarter. Legal & General Group Plc now owns 109,790 shares of the financial services provider’s stock worth $5,325,000 after purchasing an additional 9,458 shares in the last quarter. Jane Street Group LLC purchased a new stake in Hancock in the 3rd quarter worth $779,000. Cubist Systematic Strategies LLC purchased a new stake in Hancock in the 3rd quarter worth $304,000. Public Employees Retirement System of Ohio increased its stake in Hancock by 1,071.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 41,085 shares of the financial services provider’s stock worth $1,991,000 after buying an additional 37,577 shares in the last quarter. Finally, Dalton Greiner Hartman Maher & Co. increased its stake in Hancock by 3.6% in the 4th quarter. Dalton Greiner Hartman Maher & Co. now owns 374,179 shares of the financial services provider’s stock worth $18,522,000 after buying an additional 13,174 shares in the last quarter. Hedge funds and other institutional investors own 76.64% of the company’s stock.
HBHC stock traded up $0.10 during midday trading on Friday, hitting $52.35. The company’s stock had a trading volume of 13,614 shares, compared to its average volume of 562,622. The stock has a market capitalization of $4,534.99, a PE ratio of 17.89, a price-to-earnings-growth ratio of 1.70 and a beta of 1.01. Hancock has a 12 month low of $41.05 and a 12 month high of $56.40. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.11.
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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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