Sapience Investments LLC grew its holdings in Hancock Holding (NASDAQ:HBHC) by 64.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 194,635 shares of the financial services provider’s stock after purchasing an additional 76,223 shares during the period. Sapience Investments LLC owned approximately 0.23% of Hancock worth $9,634,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Cerebellum GP LLC purchased a new position in Hancock during the fourth quarter valued at approximately $125,000. Signition LP purchased a new position in Hancock during the fourth quarter valued at approximately $224,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake 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 valued at $241,000 after acquiring an additional 1,626 shares in the last quarter. JOYN Advisors Inc. purchased a new position in Hancock during the fourth quarter valued at approximately $252,000. Finally, Virtu Financial LLC purchased a new position in Hancock during the fourth quarter valued at approximately $252,000. 77.52% of the stock is currently owned by institutional investors.
In other news, Director Robert W. Roseberry sold 25,000 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $54.00, for a total value of $1,350,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frank E. Bertucci sold 3,031 shares of the company’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $55.00, for a total transaction of $166,705.00. The disclosure for this sale can be found here. In the last three months, insiders sold 29,631 shares of company stock valued at $1,603,015. Corporate insiders own 1.15% of the company’s stock.
Hancock Holding (NASDAQ HBHC) opened at $55.65 on Monday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.11. Hancock Holding has a 12 month low of $41.05 and a 12 month high of $56.20. The company has a market cap of $4,744.34, a P/E ratio of 18.99, a price-to-earnings-growth ratio of 1.82 and a beta of 1.03.
Hancock (NASDAQ:HBHC) last released its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.86 EPS for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.03. Hancock had a net margin of 18.46% and a return on equity of 8.96%. The business had revenue of $277.74 million during the quarter, compared to analysts’ expectations of $282.68 million. During the same quarter in the previous year, the company earned $0.64 EPS. sell-side analysts expect that Hancock Holding will post 3.82 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Monday, March 5th will be paid a $0.24 dividend. The ex-dividend date is Friday, March 2nd. This represents a $0.96 dividend on an annualized basis and a yield of 1.73%. Hancock’s dividend payout ratio is presently 38.55%.
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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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