Dalton Greiner Hartman Maher & Co. raised its stake in Hancock Holding Company (NASDAQ:HBHC) by 3.1% during the first quarter, Holdings Channel reports. The institutional investor owned 494,434 shares of the financial services provider’s stock after buying an additional 14,967 shares during the period. Hancock Holding Company accounts for about 1.3% of Dalton Greiner Hartman Maher & Co.’s investment portfolio, making the stock its 13th largest position. Dalton Greiner Hartman Maher & Co. owned 0.59% of Hancock Holding Company worth $22,521,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of HBHC. The Manufacturers Life Insurance Company acquired a new position in shares of Hancock Holding Company during the third quarter valued at approximately $30,885,000. Norges Bank purchased a new stake in Hancock Holding Company during the fourth quarter worth about $37,315,000. Ameriprise Financial Inc. boosted its stake in Hancock Holding Company by 180.4% in the third quarter. Ameriprise Financial Inc. now owns 1,126,858 shares of the financial services provider’s stock worth $36,543,000 after buying an additional 724,944 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Hancock Holding Company by 5.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,968,108 shares of the financial services provider’s stock worth $257,226,000 after buying an additional 320,852 shares in the last quarter. Finally, Russell Investments Group Ltd. purchased a new stake in Hancock Holding Company during the fourth quarter worth about $12,901,000. 72.52% of the stock is currently owned by institutional investors.
Shares of Hancock Holding Company (NASDAQ:HBHC) traded up 0.11% during mid-day trading on Friday, reaching $46.10. The company had a trading volume of 784,846 shares. The stock has a market capitalization of $3.88 billion, a P/E ratio of 24.65 and a beta of 0.88. The firm’s 50 day moving average is $45.32 and its 200-day moving average is $42.09. Hancock Holding Company has a 12-month low of $23.78 and a 12-month high of $49.50.
Hancock Holding Company (NASDAQ:HBHC) last released its quarterly earnings data on Tuesday, April 18th. The financial services provider reported $0.57 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.57. Hancock Holding Company had a return on equity of 6.04% and a net margin of 15.11%. The company had revenue of $245.18 million for the quarter, compared to the consensus estimate of $245.23 million. During the same quarter last year, the business posted $0.05 EPS. On average, analysts expect that Hancock Holding Company will post $2.65 earnings per share for the current fiscal year.
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HBHC has been the topic of a number of research reports. Bank of America Corp upgraded Hancock Holding Company from a “neutral” rating to a “buy” rating and set a $52.00 price objective on the stock in a research report on Monday, January 30th. Zacks Investment Research upgraded Hancock Holding Company from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research report on Monday, March 20th. Raymond James Financial, Inc. upgraded Hancock Holding Company from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the company from $48.00 to $54.00 in a research report on Thursday, March 16th. JMP Securities initiated coverage on Hancock Holding Company in a research report on Thursday, February 2nd. They set an “outperform” rating and a $55.00 price objective on the stock. Finally, Keefe, Bruyette & Woods set a $45.00 price objective on Hancock Holding Company and gave the company a “hold” rating in a research report on Tuesday, April 4th. Six investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Hancock Holding Company has a consensus rating of “Buy” and an average price target of $45.33.
In other Hancock Holding Company news, EVP Stephen E. Barker sold 5,566 shares of Hancock Holding Company stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $49.28, for a total transaction of $274,292.48. Following the transaction, the executive vice president now directly owns 5,301 shares of the company’s stock, valued at approximately $261,233.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert W. Roseberry sold 6,000 shares of Hancock Holding Company stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $47.50, for a total value of $285,000.00. Following the transaction, the director now directly owns 28,906 shares in the company, valued at $1,373,035. The disclosure for this sale can be found here. Company insiders own 1.45% of the company’s stock.
Hancock Holding Company Company Profile
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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