Hancock Holding Company (HBHC) Shares Bought by Swiss National Bank
Swiss National Bank increased its position in Hancock Holding Company (NASDAQ:HBHC) by 2.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 140,400 shares of the financial services provider’s stock after acquiring an additional 2,800 shares during the period. Swiss National Bank owned approximately 0.17% of Hancock Holding worth $6,880,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently modified their holdings of the company. PNC Financial Services Group Inc. raised its stake in Hancock Holding by 72.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,239 shares of the financial services provider’s stock worth $101,000 after acquiring an additional 939 shares during the last quarter. Glen Harbor Capital Management LLC raised its stake in Hancock Holding by 0.7% in the 1st quarter. Glen Harbor Capital Management LLC now owns 2,272 shares of the financial services provider’s stock worth $103,000 after acquiring an additional 16 shares during the last quarter. Quantbot Technologies LP purchased a new position in Hancock Holding in the 1st quarter worth $118,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Hancock Holding by 14.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,248 shares of the financial services provider’s stock worth $159,000 after acquiring an additional 404 shares during the last quarter. Finally, Hayek Kallen Investment Management purchased a new position in Hancock Holding in the 2nd quarter worth $204,000. Institutional investors own 77.00% of the company’s stock.
Hancock Holding Company (NASDAQ HBHC) opened at 43.70 on Friday. The firm’s 50 day moving average price is $44.14 and its 200-day moving average price is $46.34. Hancock Holding Company has a 1-year low of $31.12 and a 1-year high of $52.94. The stock has a market cap of $3.70 billion, a price-to-earnings ratio of 18.24 and a beta of 0.87.
Hancock Holding (NASDAQ:HBHC) last announced its earnings results on Tuesday, July 18th. The financial services provider reported $0.68 EPS for the quarter, meeting analysts’ consensus estimates of $0.68. Hancock Holding had a net margin of 18.91% and a return on equity of 7.85%. The business had revenue of $267.20 million during the quarter, compared to analysts’ expectations of $265.03 million. During the same period in the prior year, the company earned $0.59 earnings per share. On average, equities analysts anticipate that Hancock Holding Company will post $2.72 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Tuesday, September 5th were issued a $0.24 dividend. The ex-dividend date was Thursday, August 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.20%. Hancock Holding’s payout ratio is 40.00%.
A number of brokerages recently issued reports on HBHC. BidaskClub lowered Hancock Holding from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. Keefe, Bruyette & Woods set a $50.00 target price on Hancock Holding and gave the stock a “hold” rating in a research note on Friday, August 11th. Piper Jaffray Companies set a $52.00 target price on Hancock Holding and gave the stock a “buy” rating in a research note on Thursday, August 24th. Jefferies Group LLC restated a “hold” rating and issued a $51.00 target price on shares of Hancock Holding in a research note on Friday, July 14th. Finally, Zacks Investment Research lowered Hancock Holding from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. One analyst has rated the stock with a sell rating, five have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Hancock Holding currently has an average rating of “Buy” and a consensus target price of $50.03.
In other news, CEO John M. Hairston sold 12,240 shares of the company’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $46.60, for a total value of $570,384.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Cecil W. Knight, Jr. bought 2,000 shares of Hancock Holding stock in a transaction dated Thursday, September 7th. The stock was acquired at an average cost of $41.40 per share, with a total value of $82,800.00. The disclosure for this purchase can be found here. Insiders sold 17,909 shares of company stock valued at $827,307 over the last ninety days. Corporate insiders own 1.15% of the company’s stock.
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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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