Strs Ohio cut its position in shares of Hancock Holding Co. (NASDAQ:HBHC) by 3.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,700 shares of the financial services provider’s stock after selling 1,800 shares during the period. Strs Ohio’s holdings in Hancock Holding were worth $1,219,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Foundry Partners LLC acquired a new stake in shares of Hancock Holding during the second quarter valued at about $10,758,000. Prudential Financial Inc. boosted its position in Hancock Holding by 177.2% in the first quarter. Prudential Financial Inc. now owns 500,110 shares of the financial services provider’s stock valued at $11,482,000 after buying an additional 319,708 shares in the last quarter. Wellington Management Group LLP boosted its position in 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 in the last quarter. State Street Corp boosted its position in 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 in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in Hancock Holding by 53.6% in the first quarter. Goldman Sachs Group Inc. now owns 457,715 shares of the financial services provider’s stock valued at $10,509,000 after buying an additional 159,820 shares in the last quarter. Institutional investors and hedge funds own 81.16% of the company’s stock.
Hancock Holding Co. (NASDAQ:HBHC) traded up 0.27% during mid-day trading on Wednesday, reaching $33.12. The company’s stock had a trading volume of 292,011 shares. The firm has a 50 day moving average price of $32.15 and a 200 day moving average price of $27.94. Hancock Holding Co. has a 52-week low of $20.01 and a 52-week high of $33.39. The company has a market cap of $2.57 billion, a price-to-earnings ratio of 24.57 and a beta of 0.87.
Hancock Holding (NASDAQ:HBHC) last issued its earnings results on Wednesday, July 20th. The financial services provider reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.14. Hancock Holding had a return on equity of 4.53% and a net margin of 11.20%. The business earned $229 million during the quarter, compared to analyst estimates of $229.18 million. During the same period in the previous year, the company posted $0.51 EPS. The firm’s revenue was up 7.7% compared to the same quarter last year. Equities research analysts anticipate that Hancock Holding Co. will post $1.81 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Tuesday, September 6th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date was Thursday, September 1st. Hancock Holding’s payout ratio is 71.11%.
Several research analysts have recently weighed in on HBHC shares. Bank of America Corp. raised Hancock Holding from an “underperform” rating to a “neutral” rating in a research report on Friday, July 22nd. SunTrust Banks Inc. cut Hancock Holding from a “buy” rating to a “neutral” rating and set a $34.00 price objective for the company. in a research report on Monday, September 19th. Hovde Group upped their price objective on Hancock Holding from $27.00 to $32.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 26th. TheStreet raised Hancock Holding from a “hold” rating to a “buy” rating in a research report on Thursday, July 14th. Finally, Zacks Investment Research cut Hancock Holding from a “hold” rating to a “sell” rating in a research report on Monday, June 27th. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price 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 stock was sold at an average price of $29.45, for a total value of $75,097.50. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider George A. Schloegel bought 4,633 shares of the firm’s stock in a transaction that occurred on Thursday, August 4th. The stock was purchased at an average cost of $28.64 per share, with a total value of $132,689.12. Following the completion of the transaction, the insider now directly 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 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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