Northwestern Mutual Investment Management Company LLC increased its position in shares of Hancock Holding Co. (NASDAQ:HBHC) by 0.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,382 shares of the financial services provider’s stock after buying an additional 12 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Hancock Holding were worth $349,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Public Employees Retirement System of Ohio increased its position in shares of Hancock Holding by 8.5% in the second quarter. Public Employees Retirement System of Ohio now owns 4,360 shares of the financial services provider’s stock worth $114,000 after buying an additional 340 shares during the period. LS Investment Advisors LLC increased its position in shares of Hancock Holding by 77.0% in the second quarter. LS Investment Advisors LLC now owns 4,690 shares of the financial services provider’s stock worth $122,000 after buying an additional 2,041 shares during the period. Bank of Montreal Can bought a new position in shares of Hancock Holding during the second quarter worth $142,000. Envestnet Asset Management Inc. increased its position in shares of Hancock Holding by 39.9% in the first quarter. Envestnet Asset Management Inc. now owns 5,715 shares of the financial services provider’s stock worth $131,000 after buying an additional 1,630 shares during the period. Finally, Meeder Asset Management Inc. bought a new position in shares of Hancock Holding during the first quarter worth $142,000. Institutional investors own 81.16% of the company’s stock.
Shares of Hancock Holding Co. (NASDAQ:HBHC) opened at 31.96 on Monday. The stock has a market capitalization of $2.48 billion, a PE ratio of 23.71 and a beta of 0.95. Hancock Holding Co. has a 52 week low of $20.01 and a 52 week high of $32.94. The stock has a 50 day moving average of $31.61 and a 200-day moving average of $27.24.
Hancock Holding (NASDAQ:HBHC) last issued its quarterly earnings data on Wednesday, July 20th. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.14. Hancock Holding had a net margin of 11.20% and a return on equity of 4.53%. The firm had revenue of $229 million for the quarter, compared to the consensus estimate of $229.18 million. During the same quarter in the previous year, the firm earned $0.51 EPS. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, equities research analysts expect that Hancock Holding Co. will post $1.81 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Tuesday, September 6th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date was Thursday, September 1st. Hancock Holding’s payout ratio is currently 71.11%.
A number of research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Hancock Holding from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a research report on Tuesday, July 26th. Jefferies Group restated a “hold” rating and set a $28.00 price objective on shares of Hancock Holding in a research report on Thursday, July 7th. Piper Jaffray Cos. restated a “neutral” rating and set a $29.00 price objective (up previously from $27.50) on shares of Hancock Holding in a research report on Sunday, July 24th. Hovde Group increased their price target on shares of Hancock Holding from $27.00 to $32.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 26th. Finally, TheStreet upgraded shares of Hancock Holding from a “hold” rating to a “buy” rating in a research report on Thursday, July 14th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Hancock Holding has an average rating of “Hold” and an average target price of $29.57.
In other news, EVP Stephen E. Barker sold 2,550 shares of Hancock Holding stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $29.45, for a total value of $75,097.50. Following the transaction, the executive vice president now owns 9,966 shares of the company’s stock, valued at approximately $293,498.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider George A. Schloegel acquired 4,633 shares of the business’s stock in a transaction dated Thursday, August 4th. The stock was purchased at an average cost of $28.64 per share, for a total transaction of $132,689.12. Following the transaction, the insider now owns 257,351 shares in the company, valued at $7,370,532.64. The disclosure for this purchase can be found here. 1.45% of the stock is currently owned by insiders.
About Hancock Holding
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. The Company operates through overall banking operations segment. Whitney Bank operates under brands, such as Hancock Bank in Mississippi, Alabama and Florida and Whitney Bank in Louisiana and Texas.
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