American Century Companies Inc. lifted its position in shares of Hancock Holding Company (NASDAQ:HBHC) by 3.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 172,813 shares of the financial services provider’s stock after purchasing an additional 5,513 shares during the period. American Century Companies Inc. owned about 0.20% of Hancock Holding worth $8,373,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of HBHC. OppenheimerFunds Inc. acquired a new position in shares of Hancock Holding during the first quarter worth $305,000. PNC Financial Services Group Inc. raised its holdings in Hancock Holding by 72.2% in the first quarter. PNC Financial Services Group Inc. now owns 2,239 shares of the financial services provider’s stock valued at $101,000 after acquiring an additional 939 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in Hancock Holding in the second quarter valued at $240,000. Capstone Asset Management Co. raised its holdings in Hancock Holding by 5.2% in the second quarter. Capstone Asset Management Co. now owns 6,429 shares of the financial services provider’s stock valued at $315,000 after acquiring an additional 320 shares in the last quarter. Finally, Bank of Montreal Can raised its holdings in Hancock Holding by 1,733.7% in the second quarter. Bank of Montreal Can now owns 140,500 shares of the financial services provider’s stock valued at $6,885,000 after acquiring an additional 132,838 shares in the last quarter. 75.35% of the stock is currently owned by institutional investors and hedge funds.
Shares of Hancock Holding Company (NASDAQ HBHC) opened at $48.55 on Monday. 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 Company has a 12 month low of $39.75 and a 12 month high of $52.94. The firm has a market cap of $4,135.53, a price-to-earnings ratio of 17.92, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Tuesday, December 5th will be paid 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 payout ratio is 38.55%.
In other Hancock Holding news, insider Cecil W. Knight, Jr. bought 2,000 shares of the stock in a transaction on Thursday, September 7th. The stock was purchased at an average price of $41.40 per share, for a total transaction of $82,800.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.15% of the stock is owned by insiders.
Several analysts recently issued reports on HBHC shares. ValuEngine cut shares of Hancock Holding from a “buy” rating to a “hold” rating in a report on Friday. Zacks Investment Research cut shares of Hancock Holding from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $52.00 price target on shares of Hancock Holding in a report on Thursday, October 5th. BidaskClub cut shares of Hancock Holding from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $52.00 price target on shares of Hancock Holding in a report on Thursday, October 12th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Hancock Holding has a consensus rating of “Hold” and an average target price 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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