Swiss National Bank grew its holdings in shares of Hancock Holding (NASDAQ:HBHC) by 2.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 147,600 shares of the financial services provider’s stock after buying an additional 3,200 shares during the quarter. Swiss National Bank owned 0.17% of Hancock worth $7,631,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of HBHC. Schwab Charles Investment Management Inc. grew its holdings in shares of Hancock by 3.1% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 585,662 shares of the financial services provider’s stock valued at $28,991,000 after buying an additional 17,870 shares during the last quarter. Cerebellum GP LLC purchased a new position in Hancock during the fourth quarter worth about $125,000. SG Americas Securities LLC boosted its holdings in Hancock by 32.0% during the fourth quarter. SG Americas Securities LLC now owns 13,795 shares of the financial services provider’s stock worth $683,000 after purchasing an additional 3,342 shares during the last quarter. Bessemer Group Inc. purchased a new position in Hancock during the fourth quarter worth about $703,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Hancock by 50.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,874 shares of the financial services provider’s stock worth $241,000 after purchasing an additional 1,626 shares during the last quarter. Hedge funds and other institutional investors own 75.66% of the company’s stock.
Several research analysts recently weighed in on HBHC shares. Zacks Investment Research cut shares of Hancock from a “buy” rating to a “hold” rating in a report on Wednesday, April 11th. SunTrust Banks cut their price target on shares of Hancock to $54.00 and set a “hold” rating on the stock in a report on Thursday, April 19th. BidaskClub upgraded shares of Hancock from a “hold” rating to a “buy” rating in a report on Wednesday, March 14th. ValuEngine cut shares of Hancock from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $60.00 price target on shares of Hancock in a report on Thursday, April 19th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $56.86.
Hancock stock opened at $51.65 on Friday. Hancock Holding has a fifty-two week low of $41.05 and a fifty-two week high of $56.40. The stock has a market cap of $4.41 billion, a P/E ratio of 17.69, a PEG ratio of 1.68 and a beta of 1.04. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.80 and a current ratio of 0.81.
Hancock (NASDAQ:HBHC) last announced its quarterly earnings data on Tuesday, April 17th. The financial services provider reported $0.90 EPS for the quarter, topping the consensus estimate of $0.88 by $0.02. The business had revenue of $271.92 million for the quarter, compared to analyst estimates of $281.70 million. Hancock had a net margin of 19.76% and a return on equity of 9.70%. During the same quarter in the previous year, the firm posted $0.57 earnings per share. research analysts anticipate that Hancock Holding will post 3.84 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Tuesday, June 5th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.86%. The ex-dividend date is Monday, June 4th. Hancock’s dividend payout ratio is 32.88%.
In other Hancock news, EVP Stephen E. Barker sold 3,572 shares of Hancock stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $55.70, for a total value of $198,960.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director James H. Horne sold 4,135 shares of Hancock stock in a transaction dated Tuesday, May 15th. The stock was sold at an average price of $51.76, for a total transaction of $214,027.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,337 shares of company stock worth $1,224,075. Insiders own 0.96% of the company’s stock.
Hancock Holding Company operates as the bank holding company for Whitney Bank that provides a range of community banking services to commercial, small business, and retail customers. The company offers various deposit products, including noninterest-bearing demand deposits, interest-bearing transaction accounts, savings accounts, money market deposit accounts, and time deposit accounts.
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