Hancock Holding Company (HBHC) Shares Bought by Suntrust Banks Inc.
Suntrust Banks Inc. grew its stake in Hancock Holding Company (NASDAQ:HBHC) by 0.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 16,558 shares of the financial services provider’s stock after acquiring an additional 110 shares during the period. Suntrust Banks Inc.’s holdings in Hancock Holding were worth $810,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its stake in shares of Hancock Holding by 72.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,239 shares of the financial services provider’s stock valued at $101,000 after acquiring an additional 939 shares during the period. Quantbot Technologies LP purchased a new stake in shares of Hancock Holding in the 1st quarter valued at approximately $118,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Hancock Holding by 14.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,248 shares of the financial services provider’s stock valued at $159,000 after acquiring an additional 404 shares during the period. Hayek Kallen Investment Management purchased a new stake in shares of Hancock Holding in the 2nd quarter valued at approximately $204,000. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Hancock Holding in the 2nd quarter valued at approximately $216,000. 76.98% of the stock is currently owned by institutional investors and hedge funds.
In other news, CEO John M. Hairston sold 12,240 shares of Hancock Holding stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $46.60, for a total transaction of $570,384.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Randall W. Hanna sold 2,300 shares of Hancock Holding stock in a transaction that occurred 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 17,909 shares of company stock worth $827,307 in the last quarter. Insiders own 1.15% of the company’s stock.
Shares of Hancock Holding Company (HBHC) opened at 48.65 on Friday. The stock has a market capitalization of $4.12 billion, a P/E ratio of 20.30 and a beta of 0.88. Hancock Holding Company has a 52 week low of $31.73 and a 52 week high of $52.94. The company’s 50-day moving average is $45.11 and its 200 day moving average is $46.38.
Hancock Holding (NASDAQ:HBHC) last posted its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.68. The company had revenue of $267.20 million for the quarter, compared to analyst estimates of $265.03 million. Hancock Holding had a net margin of 18.91% and a return on equity of 7.85%. During the same quarter last year, the firm posted $0.59 earnings per share. On average, equities analysts forecast that Hancock Holding Company will post $2.71 EPS 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 paid a dividend of $0.24 per share. The ex-dividend date was Thursday, August 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.97%. Hancock Holding’s dividend payout ratio is currently 40.00%.
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A number of equities research analysts have recently issued reports on HBHC shares. Piper Jaffray Companies set a $52.00 price target on shares of Hancock Holding and gave the company a “buy” rating in a research note on Thursday, August 24th. Zacks Investment Research raised shares of Hancock Holding from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research note on Friday, July 7th. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $50.00 target price on shares of Hancock Holding in a research note on Wednesday. Jefferies Group LLC reaffirmed a “hold” rating and set a $51.00 target price on shares of Hancock Holding in a research note on Friday, July 14th. Finally, BidaskClub downgraded shares of Hancock Holding from a “buy” rating to a “hold” rating in a research note on Friday, June 23rd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $51.81.
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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