Dalton Greiner Hartman Maher & Co. raised its stake in Hancock Holding (NASDAQ:HBHC) by 3.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (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 0.44% of Hancock worth $18,522,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also modified their holdings of HBHC. Public Employees Retirement System of Ohio lifted its holdings in Hancock by 1,071.2% in the third quarter. Public Employees Retirement System of Ohio now owns 41,085 shares of the financial services provider’s stock valued at $1,991,000 after acquiring an additional 37,577 shares during the period. Cubist Systematic Strategies LLC acquired a new position in Hancock in the third quarter valued at approximately $304,000. Jane Street Group LLC purchased a new stake in shares of Hancock in the third quarter valued at approximately $779,000. Jacobs Asset Management LLC increased its position in shares of Hancock by 6.8% in the third quarter. Jacobs Asset Management LLC now owns 394,725 shares of the financial services provider’s stock valued at $19,125,000 after buying an additional 25,000 shares in the last quarter. Finally, Maltese Capital Management LLC purchased a new stake in shares of Hancock in the third quarter valued at approximately $3,280,000. Institutional investors and hedge funds own 77.20% of the company’s stock.
HBHC has been the subject of a number of recent analyst reports. ValuEngine cut Hancock from a “buy” rating to a “hold” rating in a research report on Friday, November 17th. BidaskClub upgraded Hancock from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. Sandler O’Neill reiterated a “buy” rating and set a $61.00 price target on shares of Hancock in a research report on Friday, January 19th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $62.00 target price on shares of Hancock in a report on Friday, January 19th. Finally, SunTrust Banks restated a “hold” rating and issued a $59.00 target price on shares of Hancock in a report on Friday, January 19th. Five analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $56.56.
Hancock Holding (HBHC) traded down $0.45 on Friday, reaching $54.35. The company had a trading volume of 606,029 shares, compared to its average volume of 600,771. Hancock Holding has a 1 year low of $41.05 and a 1 year high of $56.20. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.11. The firm has a market cap of $4,574.21 and a price-to-earnings ratio of 21.83.
Hancock (NASDAQ:HBHC) last posted its earnings results on Wednesday, January 17th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.03. The firm had revenue of $277.74 million for the quarter, compared to analyst estimates of $282.68 million. Hancock had a return on equity of 8.96% and a net margin of 18.46%. During the same quarter in the prior year, the company earned $0.64 EPS. research analysts anticipate that Hancock Holding will post 3.81 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Monday, March 5th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend is Friday, March 2nd. Hancock’s dividend payout ratio is currently 38.55%.
In other news, Director Frank E. Bertucci sold 3,031 shares of the stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $55.00, for a total value of $166,705.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Sonya C. Little sold 600 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $54.85, for a total value of $32,910.00. The disclosure for this sale can be found here. Insiders sold a total of 6,613 shares of company stock worth $344,600 in the last ninety days. 1.15% of the stock is owned by corporate 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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