World Asset Management Inc increased its stake in shares of Hancock Holding Company (NASDAQ:HBHC) by 2.3% during the second quarter, Holdings Channel reports. The firm owned 5,342 shares of the financial services provider’s stock after buying an additional 119 shares during the period. World Asset Management Inc’s holdings in Hancock Holding were worth $262,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. increased its position 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 period. State Street Corp increased its position 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 period. Vanguard Group Inc. increased its position 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 period. Teachers Advisors LLC increased its position 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 period. Finally, JPMorgan Chase & Co. increased its position 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 period. Institutional investors own 77.36% of the company’s stock.

Shares of Hancock Holding Company (NASDAQ:HBHC) opened at 43.00 on Friday. The company has a 50 day moving average price of $47.09 and a 200-day moving average price of $46.76. The stock has a market capitalization of $3.64 billion, a P/E ratio of 17.95 and a beta of 0.85. Hancock Holding Company has a 1-year low of $31.10 and a 1-year high of $52.94.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Tuesday, September 5th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend is Thursday, August 31st. Hancock Holding’s dividend payout ratio (DPR) is 40.00%.

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HBHC has been the topic of several analyst reports. Stephens reiterated a “hold” rating on shares of Hancock Holding in a research note on Friday, April 28th. Zacks Investment Research downgraded Hancock Holding from a “buy” rating to a “hold” rating in a research note on Tuesday, May 16th. BidaskClub downgraded Hancock Holding from a “buy” rating to a “hold” rating in a research note on Friday, June 23rd. ValuEngine upgraded Hancock Holding from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $47.00 target price on shares of Hancock Holding in a research note on Thursday, April 20th. One research analyst has rated the stock with a sell rating, six have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $49.78.

In related news, Director Randall W. Hanna sold 2,300 shares of the stock in a transaction that occurred on Thursday, August 10th. The stock was 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 available through the SEC website. Also, CEO John M. Hairston sold 12,240 shares of the stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $46.60, for a total value of $570,384.00. 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 over the last three months. Corporate insiders own 1.15% of the company’s stock.

Hancock Holding 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.

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

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