Brandywine Global Investment Management LLC trimmed its holdings in shares of Hancock Holding (NASDAQ:HBHC) by 1.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 217,853 shares of the financial services provider’s stock after selling 4,155 shares during the period. Brandywine Global Investment Management LLC owned about 0.26% of Hancock worth $10,784,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also modified their holdings of HBHC. BlackRock Inc. grew its holdings in Hancock by 2.5% during the 4th quarter. BlackRock Inc. now owns 9,162,787 shares of the financial services provider’s stock worth $453,560,000 after acquiring an additional 223,920 shares in the last quarter. Macquarie Group Ltd. lifted its position in shares of Hancock by 6.6% during the third quarter. Macquarie Group Ltd. now owns 2,712,351 shares of the financial services provider’s stock valued at $131,414,000 after buying an additional 166,902 shares during the last quarter. Cramer Rosenthal Mcglynn LLC lifted its position in shares of Hancock by 12.8% during the third quarter. Cramer Rosenthal Mcglynn LLC now owns 1,309,781 shares of the financial services provider’s stock valued at $63,459,000 after buying an additional 148,778 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Hancock during the fourth quarter valued at about $4,542,000. Finally, Employees Retirement System of Texas purchased a new stake in shares of Hancock during the fourth quarter valued at about $4,505,000. Institutional investors own 77.52% of the company’s stock.
In related news, Director Frank E. Bertucci sold 3,031 shares of the stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $55.00, for a total value of $166,705.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sonya C. Little sold 600 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $54.85, for a total transaction of $32,910.00. The disclosure for this sale can be found here. Insiders sold a total of 44,261 shares of company stock valued at $2,414,102 over the last ninety days. 1.15% of the stock is currently owned by insiders.
Hancock (NASDAQ:HBHC) last announced its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.86 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.03. The firm had revenue of $277.74 million during the quarter, compared to analyst estimates of $282.68 million. Hancock had a net margin of 18.46% and a return on equity of 8.96%. During the same period last year, the firm posted $0.64 EPS. research analysts anticipate that Hancock Holding will post 3.82 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Monday, March 5th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend is Friday, March 2nd. Hancock’s payout ratio is currently 35.42%.
HBHC has been the subject of several analyst reports. Sandler O’Neill raised shares of Hancock from a “hold” rating to a “buy” rating in a research report on Thursday, January 4th. BidaskClub raised shares of Hancock from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. Zacks Investment Research raised shares of Hancock from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a research report on Tuesday, December 19th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $62.00 price target on shares of Hancock in a research report on Friday, January 19th. Finally, SunTrust Banks reissued a “hold” rating and set a $57.00 price target on shares of Hancock in a research report on Tuesday, January 9th. Six investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $56.75.
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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