LSV Asset Management Lowers Position in Hancock Holding (HBHC)
LSV Asset Management lowered its position in Hancock Holding (NASDAQ:HBHC) by 1.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 389,300 shares of the financial services provider’s stock after selling 3,900 shares during the quarter. LSV Asset Management’s holdings in Hancock were worth $19,270,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cerebellum GP LLC acquired a new stake in shares of Hancock in the 4th quarter worth approximately $125,000. PNC Financial Services Group Inc. grew its holdings in shares of Hancock by 25.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,820 shares of the financial services provider’s stock worth $137,000 after acquiring an additional 581 shares during the period. Sabal Trust CO acquired a new stake in shares of Hancock in the 3rd quarter worth approximately $216,000. Adviser Investments LLC acquired a new stake in shares of Hancock in the 3rd quarter worth approximately $224,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Hancock by 50.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,874 shares of the financial services provider’s stock worth $241,000 after acquiring an additional 1,626 shares during the period. Institutional investors and hedge funds own 77.15% of the company’s stock.
In other Hancock news, Director Sonya C. Little sold 600 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $54.85, for a total transaction of $32,910.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Joseph S. Exnicios sold 1,000 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $53.40, for a total value of $53,400.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,613 shares of company stock worth $398,000. 1.15% of the stock is owned by corporate insiders.
Shares of Hancock Holding (HBHC) opened at $51.08 on Friday. Hancock Holding has a 52 week low of $41.05 and a 52 week high of $56.20. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $4,548.65, a P/E ratio of 20.51, a P/E/G ratio of 1.75 and a beta of 1.02.
Hancock (NASDAQ:HBHC) last posted its earnings results on Wednesday, January 17th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.03. Hancock had a return on equity of 8.96% and a net margin of 18.46%. The firm had revenue of $277.74 million for the quarter, compared to analyst estimates of $282.68 million. During the same quarter in the prior year, the company earned $0.64 EPS. equities analysts forecast that Hancock Holding will post 3.82 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Monday, March 5th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date is Friday, March 2nd. Hancock’s payout ratio is currently 38.55%.
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Hancock 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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