Maltese Capital Management LLC Purchases New Stake in Hancock Holding (HBHC)

Maltese Capital Management LLC purchased a new position in shares of Hancock Holding (NASDAQ:HBHC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 67,700 shares of the financial services provider’s stock, valued at approximately $3,280,000. Maltese Capital Management LLC owned approximately 0.08% of Hancock as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in Hancock by 4.8% during the second quarter. JPMorgan Chase & Co. now owns 1,606,146 shares of the financial services provider’s stock worth $78,702,000 after buying an additional 74,006 shares in the last quarter. Sei Investments Co. increased its position in Hancock by 21.8% during the second quarter. Sei Investments Co. now owns 20,948 shares of the financial services provider’s stock worth $1,026,000 after buying an additional 3,747 shares in the last quarter. Federated Investors Inc. PA increased its position in Hancock by 6.2% during the second quarter. Federated Investors Inc. PA now owns 126,899 shares of the financial services provider’s stock worth $6,218,000 after buying an additional 7,370 shares in the last quarter. Legal & General Group Plc increased its position in Hancock by 11.8% during the second quarter. Legal & General Group Plc now owns 100,332 shares of the financial services provider’s stock worth $4,914,000 after buying an additional 10,621 shares in the last quarter. Finally, Bank of Nova Scotia purchased a new position in Hancock during the second quarter worth $1,840,000. 77.23% of the stock is owned by institutional investors.

In other Hancock news, insider Samuel B. Kendricks sold 2,982 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $48.62, for a total transaction of $144,984.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.15% of the stock is owned by insiders.

Shares of Hancock Holding (NASDAQ HBHC) opened at $50.10 on Friday. The company has a market capitalization of $4,297.37, a price-to-earnings ratio of 18.62, a PEG ratio of 2.30 and a beta of 0.91. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.82 and a quick ratio of 0.82. Hancock Holding has a 1 year low of $40.95 and a 1 year high of $53.35.

Hancock (NASDAQ:HBHC) last announced its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $0.76 EPS for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.02. The business had revenue of $269.97 million during the quarter, compared to the consensus estimate of $279.80 million. Hancock had a return on equity of 8.27% and a net margin of 19.08%. During the same quarter in the previous year, the business earned $0.59 earnings per share. analysts expect that Hancock Holding will post 2.74 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Tuesday, December 5th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend is Monday, December 4th. Hancock’s dividend payout ratio is currently 38.55%.

Several equities analysts have weighed in on HBHC shares. Piper Jaffray Companies set a $52.00 price target on Hancock and gave the stock a “buy” rating in a research report on Thursday, August 24th. Keefe, Bruyette & Woods set a $50.00 price target on Hancock and gave the stock a “hold” rating in a research report on Friday, August 11th. SunTrust Banks reissued a “hold” rating and set a $53.00 price target on shares of Hancock in a research report on Wednesday, November 29th. ValuEngine downgraded Hancock from a “buy” rating to a “hold” rating in a research report on Friday, November 17th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $52.00 price objective on shares of Hancock in a research report on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $52.25.

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About Hancock

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.

Institutional Ownership by Quarter for Hancock (NASDAQ:HBHC)

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