Teacher Retirement System of Texas boosted its position in shares of Hancock Holding Co. (NASDAQ:HBHC) by 13.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,842 shares of the financial services provider’s stock after buying an additional 1,312 shares during the period. Teacher Retirement System of Texas’ holdings in Hancock Holding were worth $283,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of HBHC. LS Investment Advisors LLC raised its stake 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. Meeder Asset Management Inc. bought a new stake in shares of Hancock Holding during the first quarter worth about $142,000. Bank of Montreal Can bought a new stake in shares of Hancock Holding during the second quarter worth about $142,000. Shelton Capital Management bought a new stake in shares of Hancock Holding during the second quarter worth about $220,000. Finally, Capstone Asset Management Co. raised its stake in shares of Hancock Holding by 5.1% in the second quarter. Capstone Asset Management Co. now owns 9,359 shares of the financial services provider’s stock worth $244,000 after buying an additional 450 shares during the period. 81.16% of the stock is owned by institutional investors.
Hancock Holding Co. (NASDAQ:HBHC) opened at 32.46 on Friday. Hancock Holding Co. has a 12-month low of $20.01 and a 12-month high of $33.39. The company has a market capitalization of $2.52 billion, a PE ratio of 24.08 and a beta of 0.87. The stock has a 50 day moving average of $32.24 and a 200 day moving average of $28.07.
Hancock Holding (NASDAQ:HBHC) last posted its earnings results on Wednesday, July 20th. The financial services provider reported $0.59 earnings per share 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 company had revenue of $229 million for the quarter, compared to the consensus estimate of $229.18 million. During the same quarter in the prior year, the company earned $0.51 earnings per share. Hancock Holding’s revenue was up 7.7% on a year-over-year basis. On average, equities research analysts predict that Hancock Holding Co. will post $1.81 EPS for the current year.
Several equities research analysts recently weighed in on HBHC shares. Zacks Investment Research lowered shares of Hancock Holding from a “hold” rating to a “sell” rating in a research note on Monday, June 27th. Jefferies Group reiterated a “hold” rating and set a $28.00 price objective on shares of Hancock Holding in a research note on Thursday, July 7th. TheStreet upgraded shares of Hancock Holding from a “hold” rating to a “buy” rating in a research note on Thursday, July 14th. Bank of America Corp. upgraded shares of Hancock Holding from an “underperform” rating to a “neutral” rating in a research note on Friday, July 22nd. Finally, Piper Jaffray Cos. reiterated a “neutral” rating and set a $29.00 price objective (up previously from $27.50) on shares of Hancock Holding in a research note on Sunday, July 24th. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $29.57.
In related news, insider George A. Schloegel acquired 4,633 shares of the firm’s stock in a transaction dated Thursday, August 4th. The shares were purchased at an average price of $28.64 per share, with a total value of $132,689.12. Following the completion of the purchase, the insider now directly owns 257,351 shares of the company’s stock, valued at $7,370,532.64. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Stephen E. Barker sold 2,550 shares of the firm’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 transaction, the executive vice president now directly owns 9,966 shares in the company, valued at approximately $293,498.70. The disclosure for this sale can be found here. 1.45% of the stock is owned by company insiders.
Hancock Holding Company Profile
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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