TIAA CREF Investment Management LLC lessened its holdings in Hancock Holding Company (NASDAQ:HBHC) by 0.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 239,398 shares of the financial services provider’s stock after selling 2,050 shares during the period. TIAA CREF Investment Management LLC owned about 0.28% of Hancock Holding worth $11,731,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. PNC Financial Services Group Inc. boosted its stake in shares of Hancock Holding by 72.2% during 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 purchasing an additional 939 shares in the last quarter. Quantbot Technologies LP purchased a new position in Hancock Holding during the first quarter valued at approximately $118,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Hancock Holding by 14.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,248 shares of the financial services provider’s stock valued at $159,000 after buying an additional 404 shares during the period. Hayek Kallen Investment Management purchased a new position in Hancock Holding during the second quarter valued at approximately $204,000. Finally, Canada Pension Plan Investment Board bought a new position in Hancock Holding in the second quarter worth approximately $216,000. 76.98% of the stock is owned by hedge funds and other institutional investors.

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Shares of Hancock Holding Company (NASDAQ HBHC) opened at 49.15 on Wednesday. Hancock Holding Company has a 52 week low of $31.73 and a 52 week high of $52.94. The firm has a market capitalization of $4.17 billion, a P/E ratio of 20.51 and a beta of 0.88. The firm has a 50-day moving average of $44.66 and a 200 day moving average of $46.33.

Hancock Holding (NASDAQ:HBHC) last issued its earnings results on Tuesday, July 18th. The financial services provider reported $0.68 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.68. Hancock Holding had a net margin of 18.91% and a return on equity of 7.85%. The firm had revenue of $267.20 million for the quarter, compared to analysts’ expectations of $265.03 million. During the same quarter last year, the company earned $0.59 earnings per share. On average, equities research analysts expect that Hancock Holding Company will post $2.71 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Tuesday, September 5th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend was Thursday, August 31st. Hancock Holding’s dividend payout ratio (DPR) is presently 40.00%.

In other news, insider Cecil W. Knight, Jr. acquired 2,000 shares of Hancock Holding stock in a transaction dated Thursday, September 7th. The shares were acquired at an average cost of $41.40 per share, for a total transaction of $82,800.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Randall W. Hanna sold 2,300 shares of the firm’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $43.93, for a total transaction of $101,039.00. The disclosure for this sale can be found here. Insiders have sold a total of 17,909 shares of company stock valued at $827,307 in the last quarter. 1.15% of the stock is currently owned by company insiders.

A number of equities analysts recently commented on the stock. Keefe, Bruyette & Woods raised shares of Hancock Holding from a “market perform” rating to an “outperform” rating and set a $50.00 price objective for the company in a research note on Monday, August 21st. Zacks Investment Research cut Hancock Holding from a “hold” rating to a “sell” rating in a research report on Tuesday, September 19th. BidaskClub downgraded Hancock Holding from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. Piper Jaffray Companies set a $52.00 price target on Hancock Holding and gave the company a “buy” rating in a report on Thursday, August 24th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $51.00 price target on shares of Hancock Holding in a report on Friday, July 14th. Two analysts have rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $52.03.

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.

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

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