Great Lakes Advisors LLC boosted its position in shares of Hancock Holding Company (NASDAQ:HBHC) by 18.3% during the first quarter, Holdings Channel reports. The fund owned 41,643 shares of the financial services provider’s stock after buying an additional 6,440 shares during the period. Great Lakes Advisors LLC’s holdings in Hancock Holding Company were worth $1,897,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Glen Harbor Capital Management LLC raised its position in Hancock Holding Company by 0.7% in the first quarter. Glen Harbor Capital Management LLC now owns 2,272 shares of the financial services provider’s stock worth $103,000 after buying an additional 16 shares during the last quarter. Tyers Asset Management LLC purchased a new position in Hancock Holding Company during the fourth quarter worth about $134,000. Flinton Capital Management LLC purchased a new position in Hancock Holding Company during the fourth quarter worth about $170,000. IFP Advisors Inc raised its position in Hancock Holding Company by 6.5% in the first quarter. IFP Advisors Inc now owns 4,498 shares of the financial services provider’s stock worth $205,000 after buying an additional 275 shares during the last quarter. Finally, Strategic Investment Management LLC purchased a new position in Hancock Holding Company during the fourth quarter worth about $215,000. Institutional investors and hedge funds own 72.52% of the company’s stock.
Shares of Hancock Holding Company (NASDAQ:HBHC) traded up 0.97% during trading on Friday, reaching $47.00. 541,238 shares of the company traded hands. The company has a 50-day moving average of $46.48 and a 200-day moving average of $44.21. Hancock Holding Company has a 12 month low of $23.78 and a 12 month high of $49.50. The stock has a market capitalization of $3.97 billion, a PE ratio of 19.70 and a beta of 0.88.
Hancock Holding Company (NASDAQ:HBHC) last announced its quarterly earnings data on Tuesday, April 18th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.57. The firm had revenue of $245.18 million for the quarter, compared to the consensus estimate of $245.23 million. Hancock Holding Company had a net margin of 15.11% and a return on equity of 6.04%. During the same period in the prior year, the company posted $0.05 earnings per share. Analysts forecast that Hancock Holding Company will post $2.75 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Monday, June 5th will be paid a dividend of $0.24 per share. The ex-dividend date is Thursday, June 1st. This represents a $0.96 dividend on an annualized basis and a yield of 2.06%. Hancock Holding Company’s payout ratio is 51.34%.
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A number of research analysts recently issued reports on HBHC shares. Zacks Investment Research upgraded shares of Hancock Holding Company from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research note on Monday, March 20th. Bank of America Corp upgraded shares of Hancock Holding Company from a “neutral” rating to a “buy” rating and set a $52.00 price target on the stock in a research report on Monday, January 30th. Stephens restated a “hold” rating on shares of Hancock Holding Company in a research report on Friday, April 28th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $47.00 price target on shares of Hancock Holding Company in a research report on Thursday, April 20th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $51.00 price target on shares of Hancock Holding Company in a research report on Tuesday, April 4th. Seven analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $45.33.
In other Hancock Holding Company news, insider Michael K. Dickerson sold 8,413 shares of the stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $47.99, for a total transaction of $403,739.87. Following the sale, the insider now directly owns 4,401 shares in the company, valued at $211,203.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Stephen E. Barker sold 5,566 shares of the firm’s stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $49.28, for a total transaction of $274,292.48. Following the completion of the sale, the executive vice president now owns 5,301 shares in the company, valued at $261,233.28. The disclosure for this sale can be found here. Insiders have sold 61,882 shares of company stock worth $2,966,415 over the last quarter. Corporate 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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