Jacobs Asset Management LLC Grows Holdings in Hancock Holding (HBHC)

Jacobs Asset Management LLC raised its holdings in shares of Hancock Holding (NASDAQ:HBHC) by 6.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 394,725 shares of the financial services provider’s stock after acquiring an additional 25,000 shares during the quarter. Hancock makes up 3.6% of Jacobs Asset Management LLC’s investment portfolio, making the stock its 5th largest holding. Jacobs Asset Management LLC owned 0.46% of Hancock worth $19,125,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in HBHC. PNC Financial Services Group Inc. grew its stake in shares of Hancock by 25.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,820 shares of the financial services provider’s stock valued at $137,000 after buying an additional 581 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Hancock 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 purchasing an additional 404 shares during the period. Hayek Kallen Investment Management bought a new stake in Hancock during the second quarter worth approximately $204,000. Canada Pension Plan Investment Board bought a new stake in Hancock during the second quarter worth approximately $216,000. Finally, Sabal Trust CO bought a new stake in Hancock during the third quarter worth approximately $216,000. 77.23% of the stock is currently owned by institutional investors.

A number of equities research analysts have issued reports on the company. SunTrust Banks reaffirmed a “hold” rating and set a $53.00 target price on shares of Hancock in a research report on Wednesday, November 29th. BidaskClub cut Hancock from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Keefe, Bruyette & Woods set a $50.00 target price on Hancock and gave the stock a “hold” rating in a research report on Friday, August 11th. ValuEngine cut Hancock from a “buy” rating to a “hold” rating in a research report on Friday, November 17th. Finally, Jefferies Group reiterated a “hold” rating and set a $52.00 price target on shares of Hancock 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 given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $52.25.

In other Hancock news, insider Samuel B. Kendricks sold 2,982 shares of the company’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $48.62, for a total value of $144,984.84. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 1.15% of the company’s stock.

Hancock Holding (HBHC) opened at $49.90 on Thursday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market capitalization of $4,267.56, a price-to-earnings ratio of 18.49, a P/E/G ratio of 2.29 and a beta of 0.91. Hancock Holding has a 12 month low of $40.95 and a 12 month high of $53.35.

Hancock (NASDAQ:HBHC) last issued its earnings results on Tuesday, October 17th. The financial services provider reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Hancock had a return on equity of 8.27% and a net margin of 19.08%. The business had revenue of $269.97 million during the quarter, compared to analyst estimates of $279.80 million. During the same period in the prior year, the company posted $0.59 earnings per share. research analysts predict that Hancock Holding will post 2.74 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Tuesday, December 5th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date is Monday, December 4th. Hancock’s dividend payout ratio (DPR) is 38.55%.

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Hancock 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.

Institutional Ownership by Quarter for Hancock (NASDAQ:HBHC)

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