Northwestern Mutual Investment Management Company LLC Grows Position in Hancock Holding (HBHC)

Northwestern Mutual Investment Management Company LLC boosted its position in shares of Hancock Holding (NASDAQ:HBHC) by 56.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,444 shares of the financial services provider’s stock after purchasing an additional 6,288 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Hancock were worth $902,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in Hancock by 1.5% during the first quarter. BlackRock Inc. now owns 9,302,865 shares of the financial services provider’s stock valued at $480,958,000 after purchasing an additional 140,078 shares during the last quarter. Millennium Management LLC boosted its position in Hancock by 22.2% during 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 purchasing an additional 507,259 shares during the last quarter. Wells Fargo & Company MN boosted its position in Hancock by 9.8% during the first quarter. Wells Fargo & Company MN now owns 1,021,781 shares of the financial services provider’s stock valued at $52,827,000 after purchasing an additional 91,142 shares during the last quarter. Victory Capital Management Inc. boosted its position in Hancock by 20.2% during the first quarter. Victory Capital Management Inc. now owns 937,910 shares of the financial services provider’s stock valued at $48,490,000 after purchasing an additional 157,443 shares during the last quarter. Finally, Prudential Financial Inc. boosted its position in Hancock by 6.7% during the first quarter. Prudential Financial Inc. now owns 898,913 shares of the financial services provider’s stock valued at $46,474,000 after purchasing an additional 56,051 shares during the last quarter. 75.66% of the stock is owned by hedge funds and other institutional investors.

In other news, Director James H. Horne sold 4,135 shares of the company’s stock in a transaction on Tuesday, May 15th. The stock was sold at an average price of $51.76, for a total value of $214,027.60. The sale was disclosed in a filing with the SEC, which is available through this link. 0.96% of the stock is owned by corporate insiders.

HBHC has been the subject of a number of research reports. Zacks Investment Research cut Hancock from a “buy” rating to a “hold” rating in a research report on Wednesday, April 11th. SunTrust Banks reduced their price objective on Hancock to $54.00 and set a “hold” rating for the company in a research report on Thursday, April 19th. BidaskClub raised Hancock from a “hold” rating to a “buy” rating in a research report on Wednesday, March 14th. ValuEngine cut Hancock from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $60.00 price target on shares of Hancock in a research report on Thursday, April 19th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $56.86.

Shares of NASDAQ:HBHC opened at $51.65 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 0.10. Hancock Holding has a fifty-two week low of $41.05 and a fifty-two week high of $56.40. The stock has a market capitalization of $4.41 billion, a price-to-earnings ratio of 17.69, a P/E/G ratio of 1.68 and a beta of 1.04.

Hancock (NASDAQ:HBHC) last issued its quarterly earnings data on Tuesday, April 17th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.02. Hancock had a return on equity of 9.70% and a net margin of 19.76%. The business had revenue of $271.92 million for the quarter, compared to the consensus estimate of $281.70 million. During the same period in the prior year, the business earned $0.57 earnings per share. analysts predict that Hancock Holding will post 3.84 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 15th. Stockholders of record on Tuesday, June 5th were given a $0.24 dividend. The ex-dividend date was Monday, June 4th. This represents a $0.96 annualized dividend and a dividend yield of 1.86%. Hancock’s dividend payout ratio is currently 32.88%.

About Hancock

Hancock Holding Company operates as the bank holding company for Whitney Bank that provides a range of community banking services to commercial, small business, and retail customers. The company offers various deposit products, including noninterest-bearing demand deposits, interest-bearing transaction accounts, savings accounts, money market deposit accounts, and time deposit accounts.

Institutional Ownership by Quarter for Hancock (NASDAQ:HBHC)

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