Hancock Holding Company (HBHC) Releases Earnings Results, Beats Expectations By $0.01 EPS

Hancock Holding Company (HBHC) announced its most recent quarterly financial results on Tuesday, Oct-18-2016. HBHC said it had a profit of $0.59 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.58. Analysts expectations of $235.89 million. During the same quarter in the previous year, the company posted $0.52 EPS.

Many Wall Street Analysts have commented on Hancock Holding Company. Hancock Holding Company was Downgraded by SunTrust to ” Neutral” on Sep 19, 2016. Company shares were Reiterated by Hovde Group on Jul 26, 2016 to “Market Perform”, Firm has raised the Price Target to $ 32 from a previous price target of $27 .Hancock Holding Company was Upgraded by BofA/Merrill to ” Neutral” on Jul 22, 2016.

Hancock Holding Company opened for trading at $32.48 and hit $32.87 on the upside on Friday, eventually ending the session at $32.46, with a gain of 1.12% or 0.36 points. The heightened volatility saw the trading volume jump to 3,60,507 shares. Company has a market cap of $2,517 M.

In a different news, on Sep 7, 2016, Samuel B Kendricks (Chief Credit Risk Officer) sold 500 shares at $32.50 per share price. According to the SEC, on Aug 29, 2016, Robert W Roseberry (director) sold 600 shares at $31.63 per share price. On Jul 29, 2016, Stephen E. Barker (EVP & Chief Accounting Officer) sold 2,550 shares at $29.45 per share price, according to the Form-4 filing with the securities and exchange commission.

Hancock Holding Company (Hancock) is a financial services company that provides a network of service financial choices to the Gulf South region through its bank subsidiary Whitney Bank a Mississippi state bank. Whitney Bank operates under brands: Hancock Bank in Mississippi Alabama and Florida and Whitney Bank in Louisiana and Texas. The Bank operates across the Gulf South region consisting of southern Mississippi; southern and central Alabama; southern Louisiana; the northern central and panhandle regions of Florida and Houston Texas. The Bank offers a range of traditional and online community banking services to commercial small business and retail customers providing a variety of transaction and savings deposit products treasury management services investment brokerage services secured and unsecured loan products and letters of credit and financial guarantees. It also provides trust and investment management services to retirement plans corporations and individuals.

Hancock Holding Company

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