Capstone Asset Management Co. Has $315,000 Position in Hancock Holding Company (HBHC)
Capstone Asset Management Co. boosted its stake in shares of Hancock Holding Company (NASDAQ:HBHC) by 5.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,429 shares of the financial services provider’s stock after buying an additional 320 shares during the period. Capstone Asset Management Co.’s holdings in Hancock Holding were worth $315,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of 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 last quarter. State Street Corp increased its stake in shares of 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 last quarter. Vanguard Group Inc. increased its stake in shares of 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 last quarter. Teachers Advisors LLC increased its stake in shares of Hancock Holding by 394.1% in the first quarter. Teachers Advisors LLC now owns 641,420 shares of the financial services provider’s stock valued at $29,217,000 after buying an additional 511,593 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of 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 last quarter. 77.60% of the stock is currently owned by institutional investors and hedge funds.
Hancock Holding Company (NASDAQ HBHC) traded down 0.46% during mid-day trading on Friday, reaching $43.35. 522,568 shares of the company were exchanged. The company’s 50 day moving average price is $47.43 and its 200-day moving average price is $46.83. Hancock Holding Company has a 12 month low of $30.18 and a 12 month high of $52.94. The stock has a market capitalization of $3.67 billion, a P/E ratio of 18.09 and a beta of 0.85.
Hancock Holding (NASDAQ:HBHC) last announced its earnings results on Tuesday, July 18th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.68. The firm had revenue of $267.20 million during the quarter, compared to analyst estimates of $265.03 million. Hancock Holding had a net margin of 19.56% and a return on equity of 7.35%. During the same quarter in the prior year, the firm posted $0.59 EPS. On average, equities analysts expect that Hancock Holding Company will post $2.71 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Tuesday, September 5th will be given a $0.24 dividend. The ex-dividend date is Thursday, August 31st. This represents a $0.96 dividend on an annualized basis and a yield of 2.21%. Hancock Holding’s dividend payout ratio is presently 40.00%.
Several analysts have recently weighed in on HBHC shares. Stephens reaffirmed a “hold” rating on shares of Hancock Holding in a report on Friday, April 28th. Zacks Investment Research downgraded shares of Hancock Holding from a “buy” rating to a “hold” rating in a report on Tuesday, May 16th. BidaskClub downgraded shares of Hancock Holding from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. ValuEngine raised shares of Hancock Holding from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $47.00 target price on shares of Hancock Holding in a report on Thursday, April 20th. One research analyst has rated the stock with a sell rating, six have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $49.78.
In related news, Director Randall W. Hanna sold 2,300 shares of the stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $43.93, for a total value of $101,039.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joseph S. Exnicios sold 3,369 shares of the stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $46.27, for a total transaction of $155,883.63. The disclosure for this sale can be found here. Insiders sold a total of 38,262 shares of company stock valued at $1,844,274 in the last quarter. 1.15% of the stock is currently owned by insiders.
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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