Hancock Holding Company (HBHC) Stake Increased by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. lifted its holdings in Hancock Holding Company (NASDAQ:HBHC) by 6.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 524,821 shares of the financial services provider’s stock after purchasing an additional 32,365 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.62% of Hancock Holding worth $25,717,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. BlackRock Inc. boosted its position in shares of Hancock Holding by 18,052.0% in the 1st quarter. BlackRock Inc. now owns 9,069,853 shares of the financial services provider’s stock worth $413,132,000 after purchasing an additional 9,019,887 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Hancock Holding by 8.1% in the 1st quarter. Vanguard Group Inc. now owns 7,229,758 shares of the financial services provider’s stock worth $329,316,000 after purchasing an additional 544,041 shares in the last quarter. State Street Corp boosted its position in shares of Hancock Holding by 27.6% in the 1st quarter. State Street Corp now owns 5,110,898 shares of the financial services provider’s stock worth $232,799,000 after purchasing an additional 1,103,976 shares in the last quarter. Macquarie Group Ltd. boosted its position in shares of Hancock Holding by 2.2% in the 1st quarter. Macquarie Group Ltd. now owns 2,483,043 shares of the financial services provider’s stock worth $113,103,000 after purchasing an additional 53,383 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Hancock Holding by 41.7% in the 1st quarter. JPMorgan Chase & Co. now owns 1,532,140 shares of the financial services provider’s stock worth $69,789,000 after purchasing an additional 450,787 shares in the last quarter. 77.00% of the stock is owned by hedge funds and other institutional investors.

In other Hancock Holding news, CEO John M. Hairston sold 12,240 shares of the company’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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joseph S. Exnicios sold 3,369 shares of the company’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $46.27, for a total transaction of $155,883.63. The disclosure for this sale can be found here. Insiders sold 17,909 shares of company stock valued at $827,307 in the last 90 days. 1.15% of the stock is currently owned by insiders.

A number of analysts have recently weighed in on HBHC shares. BidaskClub cut Hancock Holding from a “buy” rating to a “hold” rating in a research report on Friday, June 23rd. Zacks Investment Research raised Hancock Holding from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research report on Tuesday, July 18th. ValuEngine raised Hancock Holding from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Keefe, Bruyette & Woods raised Hancock Holding from a “market perform” rating to an “outperform” rating and set a $50.00 price objective for the company in a research report on Monday, August 21st. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $51.00 price objective on shares of Hancock Holding in a research report on Friday, July 14th. One research analyst has rated the stock with a sell rating, five have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $50.03.

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Shares of Hancock Holding Company (NASDAQ:HBHC) opened at 43.70 on Friday. Hancock Holding Company has a 12 month low of $31.12 and a 12 month high of $52.94. The firm has a market cap of $3.70 billion, a PE ratio of 18.24 and a beta of 0.87. The firm’s 50-day moving average price is $44.14 and its 200-day moving average price is $46.34.

Hancock Holding (NASDAQ:HBHC) last released its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.68. Hancock Holding had a net margin of 18.91% and a return on equity of 7.85%. The company had revenue of $267.20 million during the quarter, compared to the consensus estimate of $265.03 million. During the same quarter in the prior year, the firm posted $0.59 earnings per share. Analysts expect that Hancock Holding Company will post $2.72 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Tuesday, September 5th were paid a $0.24 dividend. The ex-dividend date of this dividend was Thursday, August 31st. This represents a $0.96 annualized dividend and a yield of 2.20%. Hancock Holding’s dividend payout ratio is presently 40.00%.

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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Institutional Ownership by Quarter for Hancock Holding (NASDAQ:HBHC)

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