Teacher Retirement System of Texas grew its stake in shares of Hancock Holding (NASDAQ:HBHC) by 317.0% during the fourth quarter, HoldingsChannel reports. The firm owned 29,068 shares of the financial services provider’s stock after purchasing an additional 22,098 shares during the quarter. Teacher Retirement System of Texas’ holdings in Hancock were worth $1,439,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Dalton Greiner Hartman Maher & Co. boosted its stake in Hancock by 3.6% during the fourth quarter. Dalton Greiner Hartman Maher & Co. now owns 374,179 shares of the financial services provider’s stock worth $18,522,000 after acquiring an additional 13,174 shares in the last quarter. Heartland Advisors Inc. raised its holdings in Hancock by 17.6% in the third quarter. Heartland Advisors Inc. now owns 166,947 shares of the financial services provider’s stock worth $8,089,000 after buying an additional 25,000 shares during the last quarter. Stevens Capital Management LP purchased a new position in Hancock in the third quarter worth about $671,000. JPMorgan Chase & Co. raised its holdings in Hancock by 1.0% in the third quarter. JPMorgan Chase & Co. now owns 1,622,960 shares of the financial services provider’s stock worth $78,633,000 after buying an additional 16,814 shares during the last quarter. Finally, Comerica Bank raised its holdings in Hancock by 2.1% in the third quarter. Comerica Bank now owns 102,076 shares of the financial services provider’s stock worth $4,997,000 after buying an additional 2,077 shares during the last quarter. 76.63% of the stock is currently owned by hedge funds and other institutional investors.
In other Hancock news, Director Sonya C. Little sold 600 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $54.85, for a total transaction of $32,910.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frank E. Bertucci sold 3,031 shares of the company’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $55.00, for a total transaction of $166,705.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,631 shares of company stock valued at $1,603,015. 1.15% of the stock is owned by corporate insiders.
Hancock Holding (HBHC) opened at $52.30 on Wednesday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.11. Hancock Holding has a twelve month low of $41.05 and a twelve month high of $56.20. The firm has a market cap of $4,582.73, a P/E ratio of 21.00, a PEG ratio of 1.76 and a beta of 1.02.
Hancock (NASDAQ:HBHC) last released its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.03. Hancock had a net margin of 18.46% and a return on equity of 8.96%. The firm had revenue of $277.74 million during the quarter, compared to analysts’ expectations of $282.68 million. During the same period in the previous year, the company earned $0.64 earnings per share. analysts anticipate that Hancock Holding will post 3.82 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Monday, March 5th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, March 2nd. This represents a $0.96 dividend on an annualized basis and a yield of 1.84%. Hancock’s dividend payout ratio is currently 38.55%.
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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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