AE Wealth Management LLC Takes $278,000 Position in Hancock Holding Company (HBHC)
AE Wealth Management LLC purchased a new stake in Hancock Holding Company (NASDAQ:HBHC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,748 shares of the financial services provider’s stock, valued at approximately $278,000.
Several other hedge funds also recently modified their holdings of the company. Janus Henderson Group PLC bought a new stake in shares of Hancock Holding during the 2nd quarter valued at about $29,145,000. Citadel Advisors LLC boosted its holdings in Hancock Holding by 79.2% in the second quarter. Citadel Advisors LLC now owns 1,204,824 shares of the financial services provider’s stock worth $59,037,000 after acquiring an additional 532,320 shares in the last quarter. Northern Trust Corp boosted its holdings in Hancock Holding by 22.3% in the second quarter. Northern Trust Corp now owns 1,659,620 shares of the financial services provider’s stock worth $81,321,000 after acquiring an additional 302,101 shares in the last quarter. Monarch Partners Asset Management LLC bought a new position in Hancock Holding in the second quarter worth approximately $14,497,000. Finally, Vanguard Group Inc. boosted its holdings in Hancock Holding by 4.1% in the second quarter. Vanguard Group Inc. now owns 7,524,104 shares of the financial services provider’s stock worth $368,682,000 after acquiring an additional 294,346 shares in the last quarter. 75.35% of the stock is owned by institutional investors.
In related news, insider Samuel B. Kendricks sold 2,982 shares of Hancock Holding stock in a transaction on Monday, November 20th. The stock was sold at an average price of $48.62, for a total transaction of $144,984.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Cecil W. Knight, Jr. acquired 2,000 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The shares were 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. 1.15% of the stock is owned by company insiders.
Hancock Holding Company (HBHC) traded up $0.30 during trading hours on Wednesday, reaching $49.50. The company’s stock had a trading volume of 443,200 shares, compared to its average volume of 594,184. Hancock Holding Company has a twelve month low of $39.75 and a twelve month high of $52.94. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $4,190.90, a P/E ratio of 18.16, a P/E/G ratio of 2.25 and a beta of 0.90.
Hancock Holding (NASDAQ:HBHC) last posted its quarterly earnings results on Tuesday, October 17th. The financial services provider reported $0.76 EPS for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.02. Hancock Holding had a return on equity of 8.27% and a net margin of 19.08%. The firm had revenue of $269.97 million during the quarter, compared to analyst estimates of $279.80 million. During the same period last year, the company earned $0.59 earnings per share. analysts forecast that Hancock Holding Company will post 2.74 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Tuesday, December 5th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend is Monday, December 4th. Hancock Holding’s payout ratio is currently 38.55%.
Several research analysts have issued reports on HBHC shares. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $50.00 price target on shares of Hancock Holding in a report on Wednesday, October 4th. Zacks Investment Research downgraded Hancock Holding from a “hold” rating to a “sell” rating in a research note on Tuesday, September 19th. Piper Jaffray Companies set a $52.00 price objective on Hancock Holding and gave the stock a “buy” rating in a research note on Thursday, August 24th. Jefferies Group LLC reaffirmed a “hold” rating and set a $52.00 price target on shares of Hancock Holding in a research report on Thursday, October 12th. Finally, Keefe, Bruyette & Woods set a $50.00 price target on Hancock Holding and gave the company a “hold” rating in a research report on Friday, August 11th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $51.92.
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Hancock Holding 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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