Russell Investments Group Ltd. increased its position in shares of Hancock Holding (NASDAQ:HBHC) by 17.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 148,875 shares of the financial services provider’s stock after acquiring an additional 22,499 shares during the period. Russell Investments Group Ltd. owned about 0.18% of Hancock worth $7,212,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Suntrust Banks Inc. lifted its stake in Hancock by 0.7% during the 2nd quarter. Suntrust Banks Inc. now owns 16,558 shares of the financial services provider’s stock worth $810,000 after acquiring an additional 110 shares in the last quarter. Advisor Group Inc. lifted its stake in Hancock by 1.2% during the 2nd quarter. Advisor Group Inc. now owns 9,304 shares of the financial services provider’s stock worth $412,000 after acquiring an additional 113 shares in the last quarter. World Asset Management Inc lifted its stake in Hancock by 2.3% during the 2nd quarter. World Asset Management Inc now owns 5,342 shares of the financial services provider’s stock worth $262,000 after acquiring an additional 119 shares in the last quarter. Teacher Retirement System of Texas lifted its stake in Hancock by 2.2% during the 2nd quarter. Teacher Retirement System of Texas now owns 6,774 shares of the financial services provider’s stock worth $332,000 after acquiring an additional 147 shares in the last quarter. Finally, Amalgamated Bank lifted its stake in Hancock by 1.7% during the 2nd quarter. Amalgamated Bank now owns 11,754 shares of the financial services provider’s stock worth $576,000 after acquiring an additional 196 shares in the last quarter. 77.23% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Samuel B. Kendricks sold 2,982 shares of the stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $48.62, for a total value of $144,984.84. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.15% of the company’s stock.

Several research firms recently issued reports on HBHC. Keefe, Bruyette & Woods raised Hancock from a “market perform” rating to an “outperform” rating and set a $50.00 target price on the stock in a research note on Monday, August 21st. BidaskClub lowered Hancock from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. SunTrust Banks reissued a “hold” rating and set a $53.00 target price on shares of Hancock in a research note on Wednesday, November 29th. ValuEngine lowered Hancock from a “buy” rating to a “hold” rating in a research report on Friday, November 17th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $52.00 price target on shares of Hancock in a research report on Thursday, October 12th. Two analysts have rated the stock with a sell rating, five have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Hancock currently has an average rating of “Hold” and an average target price of $52.25.

Shares of Hancock Holding (NASDAQ HBHC) opened at $50.10 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market capitalization of $4,297.37, a PE ratio of 18.62, a price-to-earnings-growth ratio of 2.30 and a beta of 0.91. Hancock Holding has a 12-month low of $40.95 and a 12-month high of $53.35.

Hancock (NASDAQ:HBHC) last posted its quarterly earnings results on Tuesday, October 17th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. The company had revenue of $269.97 million for the quarter, compared to analyst estimates of $279.80 million. Hancock had a return on equity of 8.27% and a net margin of 19.08%. During the same quarter last year, the company earned $0.59 EPS. equities research analysts expect that Hancock Holding will post 2.74 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Tuesday, December 5th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date is Monday, December 4th. Hancock’s dividend payout ratio is currently 38.55%.

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About Hancock

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 (NASDAQ:HBHC)

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