First Trust Advisors LP raised its stake in Hancock Holding Company (NASDAQ:HBHC) by 1.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 195,448 shares of the financial services provider’s stock after buying an additional 3,712 shares during the period. First Trust Advisors LP owned approximately 0.23% of Hancock Holding Company worth $8,903,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. The Manufacturers Life Insurance Company acquired a new stake in shares of Hancock Holding Company during the third quarter valued at about $30,885,000. Norges Bank acquired a new stake in shares of Hancock Holding Company during the fourth quarter valued at about $37,315,000. Dimensional Fund Advisors LP increased its stake in Hancock Holding Company by 5.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,968,108 shares of the financial services provider’s stock worth $257,226,000 after buying an additional 320,852 shares during the period. Russell Investments Group Ltd. purchased a new stake in Hancock Holding Company during the fourth quarter worth $12,901,000. Finally, State Street Corp increased its stake in Hancock Holding Company by 5.6% in the fourth quarter. State Street Corp now owns 4,006,922 shares of the financial services provider’s stock worth $172,699,000 after buying an additional 212,368 shares during the period. 78.14% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Hancock Holding Company (NASDAQ:HBHC)

Shares of Hancock Holding Company (HBHC) traded down 1.22% on Friday, reaching $48.65. 2,341,254 shares of the company were exchanged. Hancock Holding Company has a 12-month low of $23.78 and a 12-month high of $52.94. The firm has a market capitalization of $4.11 billion, a PE ratio of 20.39 and a beta of 0.85. The company’s 50 day moving average is $47.86 and its 200 day moving average is $45.74.

Hancock Holding Company (NASDAQ:HBHC) last released its quarterly earnings results on Tuesday, April 18th. The financial services provider reported $0.57 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.57. The business had revenue of $245.18 million during the quarter, compared to analysts’ expectations of $245.23 million. Hancock Holding Company had a net margin of 19.25% and a return on equity of 7.65%. During the same quarter in the previous year, the company earned $0.05 EPS. Analysts forecast that Hancock Holding Company will post $2.78 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Monday, June 5th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, June 1st. This represents a $0.96 dividend on an annualized basis and a yield of 1.97%. Hancock Holding Company’s dividend payout ratio is currently 40.17%.

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A number of equities research analysts recently weighed in on HBHC shares. Stephens reissued a “hold” rating on shares of Hancock Holding Company in a research report on Friday, April 28th. Zacks Investment Research upgraded shares of Hancock Holding Company from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research note on Monday, March 20th. Keefe, Bruyette & Woods set a $45.00 price target on shares of Hancock Holding Company and gave the stock a “hold” rating in a research note on Tuesday, April 4th. Raymond James Financial, Inc. upgraded shares of Hancock Holding Company from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the stock from $48.00 to $54.00 in a research report on Thursday, March 16th. Finally, Piper Jaffray Companies raised shares of Hancock Holding Company from a “neutral” rating to an “overweight” rating in a report on Friday, May 12th. Seven research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Hancock Holding Company presently has an average rating of “Buy” and a consensus price target of $45.33.

In other news, EVP Stephen E. Barker sold 9,966 shares of the company’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $50.28, for a total value of $501,090.48. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider George A. Schloegel sold 4,953 shares of the stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $50.78, for a total transaction of $251,513.34. The disclosure for this sale can be found here. Insiders have sold a total of 70,669 shares of company stock valued at $3,424,090 over the last quarter. 1.15% of the stock is currently owned by company insiders.

About Hancock Holding Company

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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