Nationwide Fund Advisors increased its stake in shares of Hancock Holding Co. (NASDAQ:HBHC) by 3.7% during the second quarter, Holdings Channel reports. The fund owned 188,829 shares of the financial services provider’s stock after buying an additional 6,786 shares during the period. Nationwide Fund Advisors owned about 0.24% of Hancock Holding worth $4,930,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. BlackRock Institutional Trust Company N.A. raised its position in shares of Hancock Holding by 1.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,285,736 shares of the financial services provider’s stock valued at $52,480,000 after buying an additional 36,628 shares during the last quarter. Meeder Asset Management Inc. bought a new position in shares of Hancock Holding during the first quarter valued at $142,000. State Street Corp raised its position in shares of Hancock Holding by 5.1% in the first quarter. State Street Corp now owns 4,302,929 shares of the financial services provider’s stock valued at $98,805,000 after buying an additional 208,608 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Hancock Holding by 12.0% in the first quarter. Wellington Management Group LLP now owns 2,368,154 shares of the financial services provider’s stock valued at $54,372,000 after buying an additional 253,151 shares during the last quarter. Finally, Emerald Acquisition Ltd. bought a new position in shares of Hancock Holding during the second quarter valued at $18,529,000. 81.16% of the stock is currently owned by institutional investors.
Hancock Holding Co. (NASDAQ:HBHC) traded up 2.40% during midday trading on Friday, hitting $32.43. 545,774 shares of the stock were exchanged. The company’s 50 day moving average is $31.81 and its 200 day moving average is $27.49. Hancock Holding Co. has a 1-year low of $20.01 and a 1-year high of $32.94. The company has a market capitalization of $2.51 billion, a P/E ratio of 24.06 and a beta of 0.95.
Hancock Holding (NASDAQ:HBHC) last issued its quarterly earnings results on Wednesday, July 20th. The financial services provider reported $0.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.14. The company had revenue of $229 million for the quarter, compared to the consensus estimate of $229.18 million. Hancock Holding had a net margin of 11.20% and a return on equity of 4.53%. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.51 EPS. Analysts predict that Hancock Holding Co. will post $1.81 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Tuesday, September 6th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date was Thursday, September 1st. Hancock Holding’s dividend payout ratio (DPR) is currently 71.11%.
Several equities analysts have recently weighed in on HBHC shares. SunTrust Banks Inc. lowered shares of Hancock Holding from a “buy” rating to a “neutral” rating and set a $34.00 price objective on the stock. in a research report on Monday, September 19th. Piper Jaffray Cos. reaffirmed a “neutral” rating and set a $29.00 price target (up from $27.50) on shares of Hancock Holding in a research report on Sunday, July 24th. Zacks Investment Research lowered shares of Hancock Holding from a “buy” rating to a “hold” rating in a research report on Monday, September 26th. TheStreet raised shares of Hancock Holding from a “hold” rating to a “buy” rating in a research report on Thursday, July 14th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $28.00 price target on shares of Hancock Holding in a research report on Thursday, July 7th. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Hancock Holding currently has a consensus rating of “Hold” and an average price target of $29.57.
In related news, EVP Stephen E. Barker sold 2,550 shares of the business’s stock in a transaction dated 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 directly 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 Securities & Exchange Commission, which is available through this link. Also, insider George A. Schloegel purchased 4,633 shares of the business’s stock in a transaction that occurred on Thursday, August 4th. The stock was bought at an average cost of $28.64 per share, for a total transaction of $132,689.12. Following the completion of the acquisition, the insider now directly owns 257,351 shares in the company, valued at approximately $7,370,532.64. The disclosure for this purchase can be found here. 1.45% of the stock is currently owned by corporate 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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