First Mercantile Trust Co. reduced its stake in shares of Hancock Holding Company (NASDAQ:HBHC) by 46.0% during the second quarter, Holdings Channel reports. The fund owned 10,850 shares of the financial services provider’s stock after selling 9,235 shares during the period. First Mercantile Trust Co.’s holdings in Hancock Holding were worth $532,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. PNC Financial Services Group Inc. boosted its position in shares of Hancock Holding by 72.2% in the first quarter. PNC Financial Services Group Inc. now owns 2,239 shares of the financial services provider’s stock valued at $101,000 after buying an additional 939 shares during the last quarter. Glen Harbor Capital Management LLC boosted its position in shares of Hancock Holding by 0.7% in the first quarter. Glen Harbor Capital Management LLC now owns 2,272 shares of the financial services provider’s stock valued at $103,000 after buying an additional 16 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Hancock Holding during the first quarter valued at $118,000. Tyers Asset Management LLC boosted its position in shares of Hancock Holding by 0.7% in the first quarter. Tyers Asset Management LLC now owns 3,124 shares of the financial services provider’s stock valued at $142,000 after buying an additional 22 shares during the last quarter. Finally, Flinton Capital Management LLC boosted its position in shares of Hancock Holding by 0.7% in the first quarter. Flinton Capital Management LLC now owns 3,976 shares of the financial services provider’s stock valued at $181,000 after buying an additional 28 shares during the last quarter. 77.36% of the stock is currently owned by institutional investors and hedge funds.

Hancock Holding Company (NASDAQ:HBHC) opened at 44.40 on Tuesday. The company has a market cap of $3.76 billion, a PE ratio of 18.53 and a beta of 0.85. The firm’s 50 day moving average is $47.39 and its 200 day moving average is $46.83. Hancock Holding Company has a 52-week low of $29.86 and a 52-week high of $52.94.

Hancock Holding (NASDAQ:HBHC) last announced its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.68 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.68. The business had revenue of $267.20 million for the quarter, compared to analysts’ expectations of $265.03 million. Hancock Holding had a net margin of 18.91% and a return on equity of 7.85%. During the same quarter in the prior year, the company earned $0.59 earnings per share. Analysts forecast that Hancock Holding Company will post $2.71 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, September 5th will be paid a $0.24 dividend. The ex-dividend date is Thursday, August 31st. This represents a $0.96 annualized dividend and a dividend yield of 2.16%. Hancock Holding’s dividend payout ratio is presently 40.00%.

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Several brokerages recently weighed in on HBHC. Keefe, Bruyette & Woods set a $50.00 price target on shares of Hancock Holding and gave the company a “hold” rating in a research report on Friday. BidaskClub cut shares of Hancock Holding from a “hold” rating to a “sell” rating in a research report on Saturday. Jefferies Group LLC reaffirmed a “hold” rating and issued a $51.00 price target on shares of Hancock Holding in a research report on Friday, July 14th. Zacks Investment Research cut shares of Hancock Holding from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Finally, Piper Jaffray Companies raised shares of Hancock Holding from a “neutral” rating to an “overweight” rating in a research report on Friday, May 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $49.78.

In other news, Director Randall W. Hanna sold 2,300 shares of the company’s stock in a transaction that occurred on 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 filing with the SEC, which is accessible through this link. Also, insider George A. Schloegel sold 4,953 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The stock was 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. In the last quarter, insiders sold 38,262 shares of company stock worth $1,844,274. Insiders own 1.15% of the company’s stock.

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

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