Carl Domino Inc cut its position in shares of Hancock Holding Company (NASDAQ:HBHC) by 5.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 31,715 shares of the financial services provider’s stock after selling 1,995 shares during the period. Hancock Holding accounts for approximately 1.8% of Carl Domino Inc’s portfolio, making the stock its 11th largest position. Carl Domino Inc’s holdings in Hancock Holding were worth $1,554,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of HBHC. Bank of Montreal Can increased its stake in Hancock Holding by 7.7% in the first quarter. Bank of Montreal Can now owns 7,662 shares of the financial services provider’s stock valued at $349,000 after buying an additional 545 shares during the last quarter. Suntrust Banks Inc. raised its position in Hancock Holding by 4.4% in the first quarter. Suntrust Banks Inc. now owns 16,448 shares of the financial services provider’s stock valued at $748,000 after buying an additional 695 shares during the period. Municipal Employees Retirement System of Michigan raised its position in Hancock Holding by 6.9% in the first quarter. Municipal Employees Retirement System of Michigan now owns 38,230 shares of the financial services provider’s stock valued at $1,741,000 after buying an additional 2,470 shares during the period. First Citizens Bank & Trust Co. acquired a new position in Hancock Holding during the first quarter valued at approximately $294,000. Finally, Ameriprise Financial Inc. raised its position in Hancock Holding by 0.7% in the first quarter. Ameriprise Financial Inc. now owns 1,177,532 shares of the financial services provider’s stock valued at $53,636,000 after buying an additional 8,472 shares during the period. 77.60% of the stock is currently owned by institutional investors and hedge funds.
Hancock Holding Company (NASDAQ:HBHC) opened at 43.35 on Friday. The stock has a market capitalization of $3.67 billion, a P/E ratio of 18.09 and a beta of 0.85. Hancock Holding Company has a 12 month low of $30.18 and a 12 month high of $52.94. The company’s 50-day moving average is $47.43 and its 200-day moving average is $46.83.
Hancock Holding (NASDAQ:HBHC) last posted its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.68. Hancock Holding had a net margin of 19.56% and a return on equity of 7.35%. The company had revenue of $267.20 million for the quarter, compared to the consensus estimate of $265.03 million. During the same period last year, the company earned $0.59 earnings per share. Equities analysts anticipate that Hancock Holding Company will post $2.71 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, September 5th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.21%. Hancock Holding’s dividend payout ratio (DPR) is presently 40.00%.
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Several research analysts have recently commented on HBHC shares. Jefferies Group LLC reaffirmed a “hold” rating and issued a $51.00 price target on shares of Hancock Holding in a report on Friday, July 14th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $47.00 target price on shares of Hancock Holding in a research note on Thursday, April 20th. Zacks Investment Research raised shares of Hancock Holding from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research note on Tuesday, July 18th. Stephens restated a “hold” rating on shares of Hancock Holding in a research report on Friday, April 28th. Finally, BidaskClub downgraded shares of Hancock Holding from a “buy” rating to a “hold” rating in a research report on Friday, June 23rd. One analyst has rated the stock with a sell rating, six have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Hancock Holding currently has an average rating of “Hold” and an average price target of $49.78.
In related news, CEO John M. Hairston sold 12,240 shares of the firm’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $46.60, for a total value of $570,384.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Stephen E. Barker sold 9,966 shares of Hancock Holding stock in a transaction on Friday, June 9th. The stock was sold at an average price of $50.28, for a total transaction of $501,090.48. The disclosure for this sale can be found here. Insiders sold 38,262 shares of company stock worth $1,844,274 over the last quarter. 1.15% of the stock is owned by corporate insiders.
About Hancock Holding
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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