Jump Trading LLC acquired a new stake in Hancock Holding (NASDAQ:HBHC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 9,643 shares of the financial services provider’s stock, valued at approximately $477,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Verition Fund Management LLC raised its stake in shares of Hancock by 100.3% in the fourth quarter. Verition Fund Management LLC now owns 13,943 shares of the financial services provider’s stock valued at $690,000 after acquiring an additional 6,983 shares in the last quarter. Zeke Capital Advisors LLC acquired a new stake in shares of Hancock in the fourth quarter valued at $259,000. Millennium Management LLC raised its stake in Hancock by 22.2% in the fourth quarter. Millennium Management LLC now owns 2,793,185 shares of the financial services provider’s stock valued at $138,263,000 after buying an additional 507,259 shares in the last quarter. Flinton Capital Management LLC raised its stake in Hancock by 27.6% in the fourth quarter. Flinton Capital Management LLC now owns 9,828 shares of the financial services provider’s stock valued at $486,000 after buying an additional 2,128 shares in the last quarter. Finally, Elkfork Partners LLC acquired a new stake in Hancock in the fourth quarter valued at $382,000. Institutional investors and hedge funds own 77.41% of the company’s stock.
A number of analysts have weighed in on HBHC shares. Hovde Group upgraded Hancock from a “market perform” rating to an “outperform” rating and set a $58.00 price target on the stock in a research note on Wednesday, December 27th. Zacks Investment Research upgraded Hancock from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research note on Tuesday, December 19th. BidaskClub cut Hancock from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $62.00 price target on shares of Hancock in a research note on Friday, January 19th. Finally, SunTrust Banks restated a “hold” rating and issued a $57.00 price target on shares of Hancock in a research note on Tuesday, January 9th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Hancock currently has a consensus rating of “Buy” and an average price target of $57.14.
In other Hancock news, Director Frank E. Bertucci sold 3,031 shares of the firm’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $55.00, for a total transaction of $166,705.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Sonya C. Little sold 600 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was 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. In the last ninety days, insiders have sold 47,833 shares of company stock worth $2,613,063. Corporate insiders own 1.15% of the company’s stock.
Hancock stock opened at $55.65 on Monday. The stock has a market capitalization of $4,744.34, a PE ratio of 22.35, a price-to-earnings-growth ratio of 1.82 and a beta of 1.03. Hancock Holding has a twelve month low of $41.05 and a twelve month high of $56.40. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.11.
Hancock (NASDAQ:HBHC) last issued its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.03. The company 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 last year, the company posted $0.64 earnings per share. sell-side analysts forecast that Hancock Holding will post 3.82 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Monday, March 5th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend was Friday, March 2nd. Hancock’s payout ratio is 38.55%.
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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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