Public Employees Retirement System of Ohio reduced its stake in shares of Hancock Holding Company (NASDAQ:HBHC) by 8.5% during the first quarter, Holdings Channel reports. The institutional investor owned 3,714 shares of the financial services provider’s stock after selling 346 shares during the period. Public Employees Retirement System of Ohio’s holdings in Hancock Holding were worth $169,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Bank of Montreal Can raised its stake in shares of Hancock Holding by 7.7% in the first quarter. Bank of Montreal Can now owns 7,662 shares of the financial services provider’s stock worth $349,000 after buying an additional 545 shares during the last quarter. Suntrust Banks Inc. raised its stake in shares of Hancock Holding by 4.4% in the first quarter. Suntrust Banks Inc. now owns 16,448 shares of the financial services provider’s stock worth $748,000 after buying an additional 695 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its stake in shares of Hancock Holding by 6.9% in the first quarter. Municipal Employees Retirement System of Michigan now owns 38,230 shares of the financial services provider’s stock worth $1,741,000 after buying an additional 2,470 shares during the last quarter. First Citizens Bank & Trust Co. purchased a new stake in shares of Hancock Holding during the first quarter worth $294,000. Finally, Ameriprise Financial Inc. raised its stake in shares of Hancock Holding by 0.7% in the first quarter. Ameriprise Financial Inc. now owns 1,177,532 shares of the financial services provider’s stock worth $53,636,000 after buying an additional 8,472 shares during the last quarter. 77.60% of the stock is owned by institutional investors.

Hancock Holding Company (HBHC) traded down 0.57% on Friday, reaching $43.30. 222,819 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $47.51 and its 200 day moving average price is $46.84. The firm has a market capitalization of $3.67 billion, a price-to-earnings ratio of 18.07 and a beta of 0.85. Hancock Holding Company has a 1-year low of $29.86 and a 1-year high of $52.94.

Hancock Holding (NASDAQ:HBHC) last announced its earnings results on Tuesday, July 18th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.68. The firm had revenue of $267.20 million during 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 in the prior year, the firm posted $0.59 EPS. On average, analysts expect that Hancock Holding Company will post $2.71 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Tuesday, September 5th will be given a $0.24 dividend. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $0.96 dividend on an annualized basis and a yield of 2.20%. Hancock Holding’s dividend payout ratio is presently 40.00%.

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A number of equities research analysts have recently weighed in on the stock. BidaskClub lowered shares of Hancock Holding from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Zacks Investment Research lowered shares of Hancock Holding from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Jefferies Group LLC reiterated a “hold” rating and set a $51.00 price target on shares of Hancock Holding in a research note on Friday, July 14th. Piper Jaffray Companies upgraded shares of Hancock Holding from a “neutral” rating to an “overweight” rating in a research note on Friday, May 12th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $47.00 price target on shares of Hancock Holding in a research note on Thursday, April 20th. Seven research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $49.41.

In other news, CEO John M. Hairston sold 12,240 shares of the firm’s stock in a transaction dated 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 Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph S. Exnicios sold 3,369 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $46.27, for a total transaction of $155,883.63. The disclosure for this sale can be found here. Insiders sold a total of 35,962 shares of company stock valued at $1,743,235 in the last quarter. 1.15% of the stock is currently owned by insiders.

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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Institutional Ownership by Quarter for Hancock Holding (NASDAQ:HBHC)

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