Carl Domino Inc lowered its holdings in shares of Hancock Holding Company (NASDAQ:HBHC) by 9.3% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 28,760 shares of the financial services provider’s stock after selling 2,955 shares during the period. Hancock Holding accounts for approximately 1.7% of Carl Domino Inc’s holdings, making the stock its 14th largest position. Carl Domino Inc’s holdings in Hancock Holding were worth $1,393,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of HBHC. PNC Financial Services Group Inc. boosted its holdings in shares of Hancock Holding by 72.2% during the first quarter. PNC Financial Services Group Inc. now owns 2,239 shares of the financial services provider’s stock worth $101,000 after acquiring an additional 939 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Hancock Holding by 14.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,248 shares of the financial services provider’s stock worth $159,000 after acquiring an additional 404 shares during the period. Hayek Kallen Investment Management bought a new stake in shares of Hancock Holding during the second quarter worth approximately $204,000. Canada Pension Plan Investment Board bought a new stake in shares of Hancock Holding during the second quarter worth approximately $216,000. Finally, Sabal Trust CO bought a new stake in shares of Hancock Holding during the third quarter worth approximately $216,000. Institutional investors and hedge funds own 75.45% of the company’s stock.
A number of equities research analysts have recently issued reports on the company. BidaskClub cut Hancock Holding from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. Keefe, Bruyette & Woods set a $50.00 price objective on Hancock Holding and gave the stock a “hold” rating in a report on Friday, August 11th. Jefferies Group LLC restated a “hold” rating and set a $52.00 price objective on shares of Hancock Holding in a report on Thursday, October 12th. Piper Jaffray Companies set a $52.00 price objective on Hancock Holding and gave the stock a “buy” rating in a report on Thursday, August 24th. Finally, SunTrust Banks, Inc. reiterated a “hold” rating and issued a $50.00 price target on shares of Hancock Holding in a research report on Wednesday, October 4th. Two analysts have rated the stock with a sell rating, four have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $51.92.
In other news, insider Cecil W. Knight, Jr. acquired 2,000 shares of the stock in a transaction on Thursday, September 7th. The stock was acquired at an average cost of $41.40 per share, for a total transaction of $82,800.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.15% of the stock is owned by insiders.
Shares of Hancock Holding Company (NASDAQ:HBHC) traded up $0.20 on Thursday, reaching $48.40. 475,600 shares of the company’s stock traded hands, compared to its average volume of 598,804. Hancock Holding Company has a 1-year low of $38.85 and a 1-year high of $52.94. The firm has a market capitalization of $4,105.71, a P/E ratio of 17.79, a P/E/G ratio of 2.20 and a beta of 0.90. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.12.
Hancock Holding (NASDAQ:HBHC) last announced its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $0.76 EPS for the quarter, beating the consensus estimate of $0.74 by $0.02. Hancock Holding had a net margin of 19.08% and a return on equity of 8.27%. The business had revenue of $269.97 million during the quarter, compared to the consensus estimate of $279.80 million. During the same period in the previous year, the business earned $0.59 earnings per share. equities analysts expect that Hancock Holding Company will post 2.73 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Tuesday, December 5th will be given a dividend of $0.24 per share. The ex-dividend date is Monday, December 4th. This represents a $0.96 annualized dividend and a yield of 1.98%. Hancock Holding’s dividend payout ratio is currently 38.55%.
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.
Want to see what other hedge funds are holding HBHC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hancock Holding Company (NASDAQ:HBHC).
Receive News & Ratings for Hancock Holding Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hancock Holding Company and related companies with MarketBeat.com's FREE daily email newsletter.