Ameritas Investment Partners Inc. boosted its holdings in Hancock Holding Company (NASDAQ:HBHC) by 1.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 32,553 shares of the financial services provider’s stock after purchasing an additional 315 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Hancock Holding were worth $1,595,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Bank of Nova Scotia acquired a new stake in Hancock Holding in the 2nd quarter valued at $1,840,000. Raymond James Financial Services Advisors Inc. acquired a new stake in Hancock Holding in the 2nd quarter valued at $2,323,000. The Manufacturers Life Insurance Company grew its position in Hancock Holding by 7.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,164,149 shares of the financial services provider’s stock valued at $57,044,000 after purchasing an additional 75,774 shares during the period. Janus Henderson Group PLC acquired a new stake in Hancock Holding in the 2nd quarter valued at $29,145,000. Finally, Shelton Capital Management acquired a new stake in Hancock Holding in the 2nd quarter valued at $312,000. 76.98% of the stock is owned by institutional investors and hedge funds.
In other news, CEO John M. Hairston sold 12,240 shares of the firm’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $46.60, for a total transaction of $570,384.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Cecil W. Knight, Jr. purchased 2,000 shares of Hancock Holding stock in a transaction dated Thursday, September 7th. The shares were bought at an average price of $41.40 per share, with a total value of $82,800.00. The disclosure for this purchase can be found here. Insiders have sold 17,909 shares of company stock valued at $827,307 over the last 90 days. Corporate insiders own 1.15% of the company’s stock.
Several analysts recently issued reports on HBHC shares. Zacks Investment Research downgraded shares of Hancock Holding from a “hold” rating to a “sell” rating in a research report on Tuesday, September 19th. SunTrust Banks, Inc. reissued a “hold” rating and issued a $50.00 price target on shares of Hancock Holding in a research report on Wednesday, October 4th. Piper Jaffray Companies set a $52.00 price target on shares of Hancock Holding and gave the company a “buy” rating in a research report on Thursday, August 24th. Keefe, Bruyette & Woods set a $50.00 price target on shares of Hancock Holding and gave the company a “hold” rating in a research report on Friday, August 11th. Finally, BidaskClub downgraded shares of Hancock Holding from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $51.92.
Hancock Holding Company (NASDAQ HBHC) traded down 1.33% during trading on Friday, reaching $48.15. 487,916 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $45.86 and a 200-day moving average of $46.59. Hancock Holding Company has a 12 month low of $31.94 and a 12 month high of $52.94. The stock has a market cap of $4.08 billion, a PE ratio of 20.10 and a beta of 0.88.
Hancock Holding (NASDAQ:HBHC) last issued its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.68 earnings per share for the quarter, meeting the consensus estimate of $0.68. Hancock Holding had a return on equity of 7.85% and a net margin of 18.91%. The firm had revenue of $267.20 million during 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. On average, equities research analysts anticipate that Hancock Holding Company will post $2.70 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Tuesday, September 5th were issued a dividend of $0.24 per share. The ex-dividend date was Thursday, August 31st. This represents a $0.96 annualized dividend and a dividend yield of 1.99%. Hancock Holding’s 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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