Foundry Partners LLC raised its stake in Hancock Holding Company (NASDAQ:HBHC) by 2.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 439,795 shares of the financial services provider’s stock after buying an additional 8,924 shares during the period. Hancock Holding comprises about 0.9% of Foundry Partners LLC’s portfolio, making the stock its 7th largest position. Foundry Partners LLC owned about 0.52% of Hancock Holding worth $21,550,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. boosted its stake in Hancock Holding by 18,052.0% in the first quarter. BlackRock Inc. now owns 9,069,853 shares of the financial services provider’s stock valued at $413,132,000 after buying an additional 9,019,887 shares during the period. Vanguard Group Inc. boosted its stake in Hancock Holding by 8.1% in the first quarter. Vanguard Group Inc. now owns 7,229,758 shares of the financial services provider’s stock valued at $329,316,000 after buying an additional 544,041 shares during the period. State Street Corp boosted its stake in Hancock Holding by 27.6% in the first quarter. State Street Corp now owns 5,110,898 shares of the financial services provider’s stock valued at $232,799,000 after buying an additional 1,103,976 shares during the period. Macquarie Group Ltd. boosted its stake in Hancock Holding by 2.2% in the first quarter. Macquarie Group Ltd. now owns 2,483,043 shares of the financial services provider’s stock valued at $113,103,000 after buying an additional 53,383 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in Hancock Holding by 41.7% in the first quarter. JPMorgan Chase & Co. now owns 1,532,140 shares of the financial services provider’s stock valued at $69,789,000 after buying an additional 450,787 shares during the period. 77.60% of the stock is owned by hedge funds and other institutional investors.
Shares of Hancock Holding Company (HBHC) opened at 43.55 on Friday. The company has a 50-day moving average price of $47.51 and a 200 day moving average price of $46.84. The company has a market capitalization of $3.69 billion, a PE ratio of 18.18 and a beta of 0.85. Hancock Holding Company has a one year low of $29.86 and a one year high of $52.94.
Hancock Holding (NASDAQ:HBHC) last posted its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.68. Hancock Holding had a return on equity of 7.85% and a net margin of 18.91%. The business had revenue of $267.20 million for the quarter, compared to analyst estimates of $265.03 million. During the same period last year, the company earned $0.59 EPS. Equities analysts anticipate that Hancock Holding Company will post $2.71 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Tuesday, September 5th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $0.96 annualized dividend and a yield of 2.20%. Hancock Holding’s payout ratio is 40.00%.
Several analysts have recently weighed in on the company. BidaskClub cut Hancock Holding from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Zacks Investment Research cut Hancock Holding from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Jefferies Group LLC restated a “hold” rating and set a $51.00 price target on shares of Hancock Holding in a report on Friday, July 14th. Piper Jaffray Companies upgraded Hancock Holding from a “neutral” rating to an “overweight” rating in a report on Friday, May 12th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $47.00 price target on shares of Hancock Holding in a report on Thursday, April 20th. Seven equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $49.41.
In related news, Director Robert W. Roseberry sold 1,407 shares of the firm’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $48.00, for a total transaction of $67,536.00. Following the transaction, the director now directly owns 14,707 shares in the company, valued at approximately $705,936. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Joseph S. Exnicios sold 3,369 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $46.27, for a total value of $155,883.63. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 35,962 shares of company stock worth $1,743,235. 1.15% of the stock is owned by corporate insiders.
Hancock Holding Company Profile
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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