Dorsey Wright & Associates lowered its position in Hancock Holding Company (NASDAQ:HBHC) by 37.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,725 shares of the financial services provider’s stock after selling 39,050 shares during the quarter. Dorsey Wright & Associates owned approximately 0.08% of Hancock Holding worth $3,136,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of HBHC. Janus Henderson Group PLC purchased a new position in Hancock Holding in the second quarter valued at about $29,145,000. Citadel Advisors LLC boosted its stake in shares of Hancock Holding by 79.2% during the 2nd quarter. Citadel Advisors LLC now owns 1,204,824 shares of the financial services provider’s stock worth $59,037,000 after acquiring an additional 532,320 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Hancock Holding by 22.3% during the 2nd quarter. Northern Trust Corp now owns 1,659,620 shares of the financial services provider’s stock worth $81,321,000 after acquiring an additional 302,101 shares in the last quarter. Monarch Partners Asset Management LLC bought a new stake in shares of Hancock Holding during the 2nd quarter worth about $14,497,000. Finally, Vanguard Group Inc. boosted its stake in shares of Hancock Holding by 4.1% during the 2nd quarter. Vanguard Group Inc. now owns 7,524,104 shares of the financial services provider’s stock worth $368,682,000 after acquiring an additional 294,346 shares in the last quarter. Hedge funds and other institutional investors own 75.45% of the company’s stock.
Several analysts have recently issued reports on HBHC shares. Zacks Investment Research upgraded Hancock Holding from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a research note on Tuesday, July 18th. Piper Jaffray Companies reiterated an “overweight” rating and set a $52.00 price target on shares of Hancock Holding in a research note on Thursday, October 5th. BidaskClub downgraded Hancock Holding from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Jefferies Group LLC reiterated a “hold” rating and set a $52.00 price target on shares of Hancock Holding in a research note on Thursday, October 12th. Finally, Keefe, Bruyette & Woods set a $50.00 price target on Hancock Holding and gave the stock a “hold” rating in a research note on Friday, August 11th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Hancock Holding currently has an average rating of “Hold” and an average target price of $51.92.
In other news, insider Cecil W. Knight, Jr. purchased 2,000 shares of the business’s stock in a transaction on Thursday, September 7th. The stock was purchased at an average price of $41.40 per share, with a total value of $82,800.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.15% of the company’s stock.
Shares of Hancock Holding Company (NASDAQ HBHC) traded up $1.00 during trading hours on Tuesday, reaching $48.10. The company had a trading volume of 350,000 shares, compared to its average volume of 600,841. Hancock Holding Company has a 1 year low of $37.90 and a 1 year high of $52.94. The company has a market cap of $4,110.00, a P/E ratio of 17.38, a price-to-earnings-growth ratio of 2.15 and a beta of 0.90. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.82 and a current ratio of 0.82.
Hancock Holding (NASDAQ:HBHC) last announced its earnings results on Tuesday, October 17th. The financial services provider reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.02. The firm had revenue of $269.97 million during the quarter, compared to the consensus estimate of $279.80 million. Hancock Holding had a return on equity of 8.27% and a net margin of 19.08%. During the same quarter in the prior year, the company earned $0.59 EPS. research analysts predict that Hancock Holding Company will post 2.73 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Tuesday, December 5th will be issued a $0.24 dividend. The ex-dividend date is Monday, December 4th. This represents a $0.96 annualized dividend and a yield of 2.00%. Hancock Holding’s dividend payout ratio (DPR) is 38.55%.
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Hancock Holding 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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