The EVP of Hancock Holding (NASDAQ: HBHC) is Selling Shares

By Carrie Williams

Today, the EVP of Hancock Holding (NASDAQ: HBHC), Joy Phillips, sold shares of HBHC for $19.25K.

Following Joy Phillips’ last HBHC Sell transaction on November 14, 2016, the stock climbed by 17.8%. In addition to Joy Phillips, 2 other HBHC executives reported Sell trades in the last month.

Based on Hancock Holding’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $309 million and quarterly net profit of $54.35 million. In comparison, last year the company earned revenue of $248 million and had a net profit of $50.57 million. The company has a one-year high of $56.20 and a one-year low of $41.05. HBHC’s market cap is $4.75B and the company has a P/E ratio of 22.39.

Based on 8 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $60.5, reflecting a -7.9% downside.

The insider sentiment on Hancock Holding has been negative according to 77 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Hancock Holding Co. is a bank holding company of Whitney Bank and Hancock Bank, which offers a broad range of community banking services to commercial, small business and retail customers. The company also provides trust and investment management services to retirement plans, corporations and individuals.