Northern Trust Corp boosted its stake in Hancock Holding Company (NASDAQ:HBHC) by 22.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,659,620 shares of the financial services provider’s stock after purchasing an additional 302,101 shares during the quarter. Northern Trust Corp owned about 1.96% of Hancock Holding worth $81,321,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its position in Hancock Holding by 4.8% during the second quarter. JPMorgan Chase & Co. now owns 1,606,146 shares of the financial services provider’s stock valued at $78,702,000 after acquiring an additional 74,006 shares during the last quarter. Sei Investments Co. grew its position in Hancock Holding by 21.8% during the second quarter. Sei Investments Co. now owns 20,948 shares of the financial services provider’s stock valued at $1,026,000 after acquiring an additional 3,747 shares during the last quarter. Federated Investors Inc. PA grew its position in Hancock Holding by 6.2% during the second quarter. Federated Investors Inc. PA now owns 126,899 shares of the financial services provider’s stock valued at $6,218,000 after acquiring an additional 7,370 shares during the last quarter. Legal & General Group Plc grew its position in Hancock Holding by 11.8% during the second quarter. Legal & General Group Plc now owns 100,332 shares of the financial services provider’s stock valued at $4,914,000 after acquiring an additional 10,621 shares during the last quarter. Finally, Prudential Financial Inc. grew its position in Hancock Holding by 22.1% during the second quarter. Prudential Financial Inc. now owns 694,894 shares of the financial services provider’s stock valued at $34,050,000 after acquiring an additional 125,860 shares during the last quarter. 76.98% of the stock is currently owned by institutional investors and hedge funds.

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HBHC has been the topic of a number of recent research reports. Jefferies Group LLC reiterated a “hold” rating and set a $51.00 price target on shares of Hancock Holding in a research report on Friday, July 14th. Zacks Investment Research upgraded shares of Hancock Holding from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research report on Tuesday, July 18th. BidaskClub cut shares of Hancock Holding from a “buy” rating to a “hold” rating in a research report on Friday, June 23rd. Piper Jaffray Companies set a $52.00 price target on shares of Hancock Holding and gave the company a “buy” rating in a research report on Thursday, August 24th. Finally, Keefe, Bruyette & Woods set a $50.00 price target on shares of Hancock Holding and gave the company a “hold” rating in a research report on Friday, August 11th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $52.03.

Hancock Holding Company (NASDAQ HBHC) opened at 48.45 on Friday. The company has a market cap of $4.11 billion, a PE ratio of 20.22 and a beta of 0.87. Hancock Holding Company has a one year low of $31.16 and a one year high of $52.94. The stock has a 50 day moving average of $44.08 and a 200 day moving average of $46.28.

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 the Thomson Reuters’ consensus estimate of $0.68. The business had revenue of $267.20 million for the quarter, compared to analysts’ expectations of $265.03 million. Hancock Holding had a return on equity of 7.85% and a net margin of 18.91%. During the same period in the prior year, the firm earned $0.59 EPS. On average, analysts anticipate that Hancock Holding Company will post $2.71 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Tuesday, September 5th were issued a dividend of $0.24 per share. The ex-dividend date was Thursday, August 31st. This represents a $0.96 annualized dividend and a dividend yield of 1.98%. Hancock Holding’s dividend payout ratio (DPR) is 40.00%.

In other news, insider Cecil W. Knight, Jr. acquired 2,000 shares of the firm’s stock in a transaction dated 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 transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO John M. Hairston sold 12,240 shares of the company’s 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 have sold a total of 17,909 shares of company stock worth $827,307 over the last ninety days. Insiders own 1.15% of the company’s stock.

About Hancock Holding

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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