Wells Fargo & Company MN boosted its stake in shares of Hancock Holding (NASDAQ:HBHC) by 0.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 936,245 shares of the financial services provider’s stock after acquiring an additional 5,285 shares during the quarter. Wells Fargo & Company MN owned 1.10% of Hancock worth $45,361,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in HBHC. Capstone Asset Management Co. increased its position in shares of Hancock by 5.2% during the second quarter. Capstone Asset Management Co. now owns 6,429 shares of the financial services provider’s stock worth $315,000 after purchasing an additional 320 shares in the last quarter. Strs Ohio increased its position in shares of Hancock by 2.4% during the second quarter. Strs Ohio now owns 12,600 shares of the financial services provider’s stock worth $617,000 after purchasing an additional 300 shares in the last quarter. Great West Life Assurance Co. Can increased its position in shares of Hancock by 51.0% during the second quarter. Great West Life Assurance Co. Can now owns 74,670 shares of the financial services provider’s stock worth $3,653,000 after purchasing an additional 25,225 shares in the last quarter. World Asset Management Inc increased its position in shares of Hancock by 2.3% during the second quarter. World Asset Management Inc now owns 5,342 shares of the financial services provider’s stock worth $262,000 after purchasing an additional 119 shares in the last quarter. Finally, Sei Investments Co. increased its position in shares of Hancock by 21.8% during the second quarter. Sei Investments Co. now owns 20,948 shares of the financial services provider’s stock worth $1,026,000 after purchasing an additional 3,747 shares in the last quarter. Institutional investors own 77.21% of the company’s stock.
In related news, insider Samuel B. Kendricks sold 2,982 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $48.62, for a total value of $144,984.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.15% of the stock is owned by corporate insiders.
Hancock Holding (HBHC) traded up $0.60 on Tuesday, hitting $50.10. The stock had a trading volume of 632,736 shares, compared to its average volume of 536,050. Hancock Holding has a fifty-two week low of $41.05 and a fifty-two week high of $53.35. The stock has a market cap of $4,230.00, a P/E ratio of 20.12, a P/E/G ratio of 2.26 and a beta of 0.91. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.12.
Hancock (NASDAQ:HBHC) last released its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. The business had revenue of $269.97 million for the quarter, compared to the consensus estimate of $279.80 million. Hancock had a return on equity of 8.27% and a net margin of 19.08%. During the same quarter in the prior year, the business posted $0.59 EPS. analysts forecast that Hancock Holding will post 2.74 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Tuesday, December 5th were given a $0.24 dividend. The ex-dividend date of this dividend was Monday, December 4th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.92%. Hancock’s dividend payout ratio (DPR) is presently 38.55%.
HBHC has been the subject of several research reports. BidaskClub upgraded Hancock from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. Zacks Investment Research raised Hancock from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a research note on Tuesday, December 19th. SunTrust Banks reissued a “hold” rating and set a $53.00 price objective on shares of Hancock in a research note on Wednesday, November 29th. ValuEngine lowered Hancock from a “buy” rating to a “hold” rating in a research note on Friday, November 17th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $52.00 price target on shares of Hancock in a research note on Thursday, October 12th. Six investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Hancock currently has an average rating of “Buy” and a consensus price target of $52.83.
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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