Hancock Holding Company (HBHC) Shares Bought by Comerica Bank
Comerica Bank grew its position in shares of Hancock Holding Company (NASDAQ:HBHC) by 2.1% during the third quarter, according to its most recent filing with the SEC. The firm owned 102,076 shares of the financial services provider’s stock after acquiring an additional 2,077 shares during the period. Comerica Bank owned about 0.12% of Hancock Holding worth $4,997,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of HBHC. PNC Financial Services Group Inc. grew its holdings in shares of Hancock Holding by 72.2% during 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 period. Capstone Asset Management Co. grew its holdings in shares of Hancock Holding by 5.2% during the 2nd quarter. Capstone Asset Management Co. now owns 6,429 shares of the financial services provider’s stock worth $315,000 after acquiring an additional 320 shares during the period. Bank of Montreal Can grew its holdings in shares of Hancock Holding by 1,733.7% during the 2nd quarter. Bank of Montreal Can now owns 140,500 shares of the financial services provider’s stock worth $6,885,000 after acquiring an additional 132,838 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in shares of Hancock Holding by 4.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 31,177 shares of the financial services provider’s stock worth $1,528,000 after acquiring an additional 1,304 shares during the period. Finally, LS Investment Advisors LLC grew its stake in shares of Hancock Holding by 21.5% in the 2nd quarter. LS Investment Advisors LLC now owns 6,792 shares of the financial services provider’s stock worth $333,000 after buying an additional 1,200 shares during the last quarter. Hedge funds and other institutional investors own 75.35% of the company’s stock.
Shares of Hancock Holding Company (NASDAQ HBHC) opened at $49.00 on Thursday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.82 and a current ratio of 0.82. Hancock Holding Company has a 52 week low of $39.75 and a 52 week high of $52.94. The company has a market capitalization of $4,216.45, a price-to-earnings ratio of 18.27, a price-to-earnings-growth ratio of 2.26 and a beta of 0.90.
Hancock Holding (NASDAQ:HBHC) last issued its earnings results on Tuesday, October 17th. The financial services provider reported $0.76 EPS for the quarter, beating the 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 business had revenue of $269.97 million for the quarter, compared to the consensus estimate of $279.80 million. During the same period last year, the business posted $0.59 EPS. equities research analysts anticipate that Hancock Holding Company will post 2.74 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Tuesday, December 5th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, December 4th. This represents a $0.96 annualized dividend and a yield of 1.96%. Hancock Holding’s dividend payout ratio is 38.55%.
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In other news, insider Cecil W. Knight, Jr. purchased 2,000 shares of the stock in a transaction dated Thursday, September 7th. The shares were purchased at an average cost of $41.40 per share, with a total value of $82,800.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Samuel B. Kendricks sold 2,982 shares of the stock in a transaction on Monday, November 20th. The shares were sold at an average price of $48.62, for a total value of $144,984.84. The disclosure for this sale can be found here. Company insiders own 1.15% of the company’s stock.
Several analysts recently weighed in on the company. Keefe, Bruyette & Woods upgraded Hancock Holding from a “market perform” rating to an “outperform” rating and set a $50.00 price target on the stock in a research note on Monday, August 21st. BidaskClub downgraded Hancock Holding from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. ValuEngine downgraded Hancock Holding from a “buy” rating to a “hold” rating in a research note on Friday, November 17th. Jefferies Group LLC restated a “hold” rating and issued a $52.00 price target on shares of Hancock Holding in a research note on Thursday, October 12th. Finally, Zacks Investment Research downgraded Hancock Holding from a “hold” rating to a “sell” rating in a research note on Friday, October 6th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $51.92.
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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