Dalton Greiner Hartman Maher & Co. grew its holdings in Hancock Holding (NASDAQ:HBHC) by 3.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 374,179 shares of the financial services provider’s stock after purchasing an additional 13,174 shares during the period. Dalton Greiner Hartman Maher & Co. owned approximately 0.44% of Hancock worth $18,522,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its position in Hancock 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 during the last quarter. Macquarie Group Ltd. grew its position in Hancock by 6.6% during the 3rd quarter. Macquarie Group Ltd. now owns 2,712,351 shares of the financial services provider’s stock worth $131,414,000 after acquiring an additional 166,902 shares during the last quarter. Northern Trust Corp grew its position in Hancock 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 during the last quarter. JPMorgan Chase & Co. grew its position in Hancock by 1.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,622,960 shares of the financial services provider’s stock worth $78,633,000 after acquiring an additional 16,814 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in Hancock by 5.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,360,353 shares of the financial services provider’s stock worth $65,909,000 after acquiring an additional 66,884 shares during the last quarter. Institutional investors own 77.21% of the company’s stock.
A number of equities research analysts recently weighed in on HBHC shares. Sandler O’Neill upgraded Hancock from a “hold” rating to a “buy” rating in a research report on Thursday, January 4th. BidaskClub upgraded Hancock from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. Zacks Investment Research upgraded Hancock from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a research report on Tuesday, December 19th. SunTrust Banks restated a “hold” rating and set a $53.00 price objective on shares of Hancock in a research report on Wednesday, November 29th. Finally, ValuEngine lowered Hancock from a “buy” rating to a “hold” rating in a research report on Friday, November 17th. Six equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $53.23.
Shares of Hancock Holding (NASDAQ HBHC) opened at $53.10 on Thursday. Hancock Holding has a 52-week low of $41.05 and a 52-week high of $54.13. The company has a market capitalization of $4,540.00, a PE ratio of 21.33, a price-to-earnings-growth ratio of 1.88 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 (NASDAQ:HBHC) last released its quarterly earnings results on Tuesday, October 17th. The financial services provider reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Hancock had a return on equity of 8.27% and a net margin of 19.08%. The firm had revenue of $269.97 million for the quarter, compared to analyst estimates of $279.80 million. During the same quarter in the previous year, the company posted $0.59 EPS. equities research analysts expect that Hancock Holding will post 2.74 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Tuesday, December 5th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date of this dividend was Monday, December 4th. Hancock’s dividend payout ratio is 38.55%.
In other 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 value of $144,984.84. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.15% of the stock is owned by insiders.
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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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