US Bancorp DE cut its stake in shares of Hancock Holding Company (NASDAQ:HBHC) by 0.1% during the first quarter, Holdings Channel reports. The firm owned 5,575 shares of the financial services provider’s stock after selling 3 shares during the period. US Bancorp DE’s holdings in Hancock Holding Company were worth $254,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Glen Harbor Capital Management LLC raised its stake in shares of Hancock Holding Company by 0.7% in the first quarter. Glen Harbor Capital Management LLC now owns 2,272 shares of the financial services provider’s stock valued at $103,000 after buying an additional 16 shares during the period. Tyers Asset Management LLC raised its stake in shares of Hancock Holding Company by 0.7% in the first quarter. Tyers Asset Management LLC now owns 3,124 shares of the financial services provider’s stock valued at $142,000 after buying an additional 22 shares during the period. Flinton Capital Management LLC raised its stake in shares of Hancock Holding Company by 0.7% in the first quarter. Flinton Capital Management LLC now owns 3,976 shares of the financial services provider’s stock valued at $181,000 after buying an additional 28 shares during the period. IFP Advisors Inc raised its stake in shares of Hancock Holding Company by 6.5% in the first quarter. IFP Advisors Inc now owns 4,498 shares of the financial services provider’s stock valued at $205,000 after buying an additional 275 shares during the period. Finally, Capstone Asset Management Co. raised its stake in shares of Hancock Holding Company by 8.5% in the first quarter. Capstone Asset Management Co. now owns 6,109 shares of the financial services provider’s stock valued at $278,000 after buying an additional 480 shares during the period. 78.14% of the stock is currently owned by hedge funds and other institutional investors.

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

Hancock Holding Company (NASDAQ HBHC) opened at 48.65 on Friday. The firm has a market cap of $4.11 billion, a P/E ratio of 20.39 and a beta of 0.85. The company’s 50-day moving average is $47.86 and its 200 day moving average is $45.74. Hancock Holding Company has a 12 month low of $23.78 and a 12 month high of $52.94.

Hancock Holding Company (NASDAQ:HBHC) last issued its quarterly earnings results on Tuesday, April 18th. The financial services provider reported $0.57 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.57. Hancock Holding Company had a return on equity of 7.65% and a net margin of 19.25%. The company had revenue of $245.18 million for the quarter, compared to analysts’ expectations of $245.23 million. During the same quarter last year, the business earned $0.05 earnings per share. Equities research analysts expect that Hancock Holding Company will post $2.78 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Monday, June 5th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend was Thursday, June 1st. Hancock Holding Company’s payout ratio is currently 40.17%.

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Several equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods set a $45.00 price target on shares of Hancock Holding Company and gave the company a “hold” rating in a report on Tuesday, April 4th. Jefferies Group LLC reissued a “hold” rating and issued a $51.00 price target on shares of Hancock Holding Company in a report on Tuesday, April 4th. Piper Jaffray Companies raised shares of Hancock Holding Company from a “neutral” rating to an “overweight” rating in a report on Friday, May 12th. Zacks Investment Research lowered shares of Hancock Holding Company from a “buy” rating to a “hold” rating in a report on Tuesday, May 16th. Finally, Stephens reissued a “hold” rating on shares of Hancock Holding Company in a report on Friday, April 28th. Seven investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $45.33.

In related news, insider Joseph S. Exnicios sold 3,762 shares of the firm’s stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $48.80, for a total value of $183,585.60. Following the transaction, the insider now owns 6,477 shares in the company, valued at $316,077.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John M. Hairston sold 41,903 shares of the firm’s stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $47.81, for a total value of $2,003,382.43. Following the completion of the transaction, the chief executive officer now owns 73,544 shares in the company, valued at approximately $3,516,138.64. The disclosure for this sale can be found here. Insiders sold 70,669 shares of company stock worth $3,424,090 in the last 90 days. 1.15% of the stock is owned by company insiders.

About Hancock Holding Company

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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