New York State Common Retirement Fund reduced its stake in shares of Hancock Holding Company (NASDAQ:HBHC) by 37.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 231,075 shares of the financial services provider’s stock after selling 135,930 shares during the period. New York State Common Retirement Fund owned about 0.30% of Hancock Holding Company worth $7,494,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. State Treasurer State of Michigan boosted its stake in Hancock Holding Company by 0.3% in the third quarter. State Treasurer State of Michigan now owns 31,200 shares of the financial services provider’s stock valued at $1,012,000 after buying an additional 100 shares during the last quarter. US Bancorp DE boosted its stake in Hancock Holding Company by 2.8% in the third quarter. US Bancorp DE now owns 5,554 shares of the financial services provider’s stock valued at $180,000 after buying an additional 149 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in Hancock Holding Company by 8.5% in the second quarter. Public Employees Retirement System of Ohio now owns 4,360 shares of the financial services provider’s stock valued at $114,000 after buying an additional 340 shares during the last quarter. Capstone Asset Management Co. boosted its stake in Hancock Holding Company by 5.1% in the second quarter. Capstone Asset Management Co. now owns 9,359 shares of the financial services provider’s stock valued at $244,000 after buying an additional 450 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its stake in Hancock Holding Company by 2.1% in the third quarter. Oregon Public Employees Retirement Fund now owns 26,573 shares of the financial services provider’s stock valued at $862,000 after buying an additional 534 shares during the last quarter. Institutional investors and hedge funds own 72.81% of the company’s stock.

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

Hancock Holding Company (NASDAQ:HBHC) traded up 2.016% during midday trading on Friday, reaching $44.275. The company had a trading volume of 129,483 shares. The stock’s 50 day moving average is $42.76 and its 200 day moving average is $33.89. The firm has a market capitalization of $3.43 billion, a price-to-earnings ratio of 31.246 and a beta of 0.88. Hancock Holding Company has a 12-month low of $20.01 and a 12-month high of $45.50.

Hancock Holding Company (NASDAQ:HBHC) last released its earnings results on Tuesday, October 18th. The financial services provider reported $0.59 EPS for the quarter, topping the consensus estimate of $0.58 by $0.01. Hancock Holding Company had a return on equity of 4.74% and a net margin of 11.62%. During the same quarter in the previous year, the company earned $0.52 earnings per share. Equities research analysts expect that Hancock Holding Company will post $1.85 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Monday, December 5th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, December 1st. This represents a $0.96 annualized dividend and a yield of 2.21%. Hancock Holding Company’s dividend payout ratio is currently 67.61%.

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A number of brokerages have recently issued reports on HBHC. Zacks Investment Research cut Hancock Holding Company from a “buy” rating to a “hold” rating in a research note on Friday, November 11th. Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Hancock Holding Company in a research note on Wednesday, October 12th. Finally, SunTrust Banks, Inc. cut Hancock Holding Company from a “buy” rating to a “neutral” rating and set a $34.00 price objective on the stock. in a research note on Monday, September 19th. Six investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $33.17.

Hancock Holding Company Company Profile

Hancock Holding Company (Hancock) is a financial services company that provides a network of service financial choices to the Gulf South region through its bank subsidiary, Whitney Bank, a Mississippi state bank. The Company operates through overall banking operations segment. Whitney Bank operates under brands, such as Hancock Bank in Mississippi, Alabama and Florida and Whitney Bank in Louisiana and Texas.

5 Day Chart for NASDAQ:HBHC

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