TIAA CREF Investment Management LLC Buys 8,103 Shares of Hancock Holding (HBHC)

TIAA CREF Investment Management LLC grew its stake in shares of Hancock Holding (NASDAQ:HBHC) by 3.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 235,436 shares of the financial services provider’s stock after purchasing an additional 8,103 shares during the period. TIAA CREF Investment Management LLC owned about 0.28% of Hancock worth $11,654,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. BlackRock Inc. grew its holdings in shares of Hancock by 2.5% in the fourth quarter. BlackRock Inc. now owns 9,162,787 shares of the financial services provider’s stock valued at $453,560,000 after acquiring an additional 223,920 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Hancock by 1.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,183,841 shares of the financial services provider’s stock valued at $58,601,000 after acquiring an additional 17,705 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Hancock by 0.6% in the third quarter. Wells Fargo & Company MN now owns 936,245 shares of the financial services provider’s stock valued at $45,361,000 after acquiring an additional 5,285 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Hancock by 10.9% in the fourth quarter. Geode Capital Management LLC now owns 852,161 shares of the financial services provider’s stock valued at $42,181,000 after acquiring an additional 83,542 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Hancock by 1.2% in the fourth quarter. Victory Capital Management Inc. now owns 780,467 shares of the financial services provider’s stock valued at $38,633,000 after acquiring an additional 9,631 shares in the last quarter. 77.41% of the stock is owned by hedge funds and other institutional investors.

How to Become a New Pot Stock Millionaire

In related news, Director Robert W. Roseberry sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $54.00, for a total value of $1,350,000.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Joseph S. Exnicios sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $53.40, for a total value of $53,400.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 47,833 shares of company stock worth $2,613,063. 1.15% of the stock is owned by company insiders.

Hancock stock opened at $52.65 on Friday. Hancock Holding has a 12 month low of $41.05 and a 12 month high of $56.40. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $4,538.47, a P/E ratio of 17.85, a PEG ratio of 1.70 and a beta of 1.01.

Hancock (NASDAQ:HBHC) last posted its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.86 EPS for the quarter, beating the consensus estimate of $0.83 by $0.03. Hancock had a return on equity of 8.96% and a net margin of 18.46%. The business had revenue of $277.74 million for the quarter, compared to the consensus estimate of $282.68 million. During the same quarter in the prior year, the business earned $0.64 earnings per share. analysts predict that Hancock Holding will post 3.84 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Monday, March 5th were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, March 2nd. This represents a $0.96 annualized dividend and a yield of 1.82%. Hancock’s payout ratio is 32.88%.

Several research firms have recently issued reports on HBHC. ValuEngine raised Hancock from a “hold” rating to a “buy” rating in a report on Tuesday, March 27th. BidaskClub lowered Hancock from a “buy” rating to a “hold” rating in a report on Tuesday, March 27th. Zacks Investment Research raised Hancock from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a report on Tuesday, March 20th. Finally, Hovde Group raised Hancock from a “market perform” rating to an “outperform” rating and set a $58.00 target price for the company in a report on Wednesday, December 27th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $57.86.

COPYRIGHT VIOLATION NOTICE: “TIAA CREF Investment Management LLC Buys 8,103 Shares of Hancock Holding (HBHC)” was first posted by Ticker Report and is owned by of Ticker Report. If you are viewing this article on another website, it was copied illegally and reposted in violation of United States and international copyright laws. The correct version of this article can be accessed at https://www.tickerreport.com/banking-finance/3334519/tiaa-cref-investment-management-llc-buys-8103-shares-of-hancock-holding-hbhc.html.

About Hancock

Hancock Holding Company operates as the bank holding company for Whitney Bank that provides a range of community banking services to commercial, small business, and retail customers. The company offers various deposit products, including noninterest-bearing demand deposits, interest-bearing transaction accounts, savings accounts, money market deposit accounts, and time deposit accounts.

Want to see what other hedge funds are holding HBHC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hancock Holding (NASDAQ:HBHC).

Institutional Ownership by Quarter for Hancock (NASDAQ:HBHC)

Receive News & Ratings for Hancock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hancock and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

GeoCoin  One Day Trading Volume Hits $58,125.00
GeoCoin One Day Trading Volume Hits $58,125.00
Equal Reaches 1-Day Trading Volume of $12,722.00
Equal Reaches 1-Day Trading Volume of $12,722.00
Financial Review: Rush Enterprises  & Its Rivals
Financial Review: Rush Enterprises & Its Rivals
$709.63 Million in Sales Expected for STERIS  This Quarter
$709.63 Million in Sales Expected for STERIS This Quarter
$919.88 Million in Sales Expected for Old Dominion Freight Line  This Quarter
$919.88 Million in Sales Expected for Old Dominion Freight Line This Quarter
Meridian Bancorp  Receives Consensus Recommendation of “Buy” from Analysts
Meridian Bancorp Receives Consensus Recommendation of “Buy” from Analysts


Leave a Reply

© 2006-2018 Ticker Report. Google+.