William Blair Investment Management LLC decreased its holdings in Hancock Holding (NASDAQ:HBHC) by 6.6% during the 3rd quarter, Holdings Channel reports. The firm owned 426,576 shares of the financial services provider’s stock after selling 30,066 shares during the period. William Blair Investment Management LLC’s holdings in Hancock were worth $20,284,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Point72 Asset Management L.P. bought a new stake in Hancock during the second quarter valued at $121,000. Cerebellum GP LLC bought a new stake in Hancock during the third quarter valued at $161,000. Hayek Kallen Investment Management bought a new stake in Hancock during the third quarter valued at $215,000. Campbell & CO Investment Adviser LLC bought a new stake in Hancock during the third quarter valued at $205,000. Finally, Nisa Investment Advisors LLC bought a new stake in Hancock during the third quarter valued at $223,000. 75.66% of the stock is currently owned by institutional investors and hedge funds.
Shares of HBHC opened at $51.65 on Tuesday. Hancock Holding has a 12 month low of $41.05 and a 12 month high of $56.40.
Hancock Holding Company operates as the bank holding company for Whitney Bank that provides a range of community banking services to commercial, small business, and retail customers. The company offers various deposit products, including noninterest-bearing demand deposits, interest-bearing transaction accounts, savings accounts, money market deposit accounts, and time deposit accounts.
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