Macquarie Group Ltd. grew its position in shares of Hancock Holding Company (NASDAQ:HBHC) by 6.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,712,351 shares of the financial services provider’s stock after purchasing an additional 166,902 shares during the quarter. Macquarie Group Ltd. owned approximately 3.20% of Hancock Holding worth $131,414,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its position in shares of Hancock Holding by 72.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,239 shares of the financial services provider’s stock valued at $101,000 after purchasing an additional 939 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Hancock Holding by 14.2% during the 2nd 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 last quarter. Hayek Kallen Investment Management bought a new position in Hancock Holding during the 2nd quarter worth approximately $204,000. Canada Pension Plan Investment Board bought a new position in Hancock Holding during the 2nd quarter worth approximately $216,000. Finally, Sabal Trust CO bought a new position in Hancock Holding during the 3rd quarter worth approximately $216,000. Hedge funds and other institutional investors own 75.45% of the company’s stock.
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In other news, insider Cecil W. Knight, Jr. bought 2,000 shares of the stock in a transaction dated Thursday, September 7th. The stock was bought at an average price of $41.40 per share, for a total transaction of $82,800.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.15% of the company’s stock.
Hancock Holding (NASDAQ:HBHC) last issued its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $0.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.02. The firm had revenue of $269.97 million for the quarter, compared to analyst estimates of $279.80 million. Hancock Holding had a return on equity of 8.27% and a net margin of 19.08%. During the same period last year, the company earned $0.59 EPS. research analysts forecast that Hancock Holding Company will post 2.73 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Tuesday, December 5th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend is Monday, December 4th. Hancock Holding’s payout ratio is presently 38.55%.
Several equities analysts recently issued reports on the company. SunTrust Banks, Inc. restated a “hold” rating and set a $50.00 price target on shares of Hancock Holding in a research report on Wednesday, October 4th. Jefferies Group LLC restated a “hold” rating and set a $52.00 price target on shares of Hancock Holding in a research report on Thursday, October 12th. Zacks Investment Research lowered Hancock Holding from a “hold” rating to a “sell” rating in a research report on Friday, October 6th. ValuEngine lowered Hancock Holding from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Piper Jaffray Companies restated an “overweight” rating and set a $52.00 price target on shares of Hancock Holding in a research report on Thursday, October 5th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $51.92.
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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