Teachers Retirement System of The State of Kentucky Has $810,000 Holdings in Hancock Holding Company (HBHC)
Teachers Retirement System of The State of Kentucky lessened its stake in shares of Hancock Holding Company (NASDAQ:HBHC) by 2.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,530 shares of the financial services provider’s stock after selling 400 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Hancock Holding were worth $810,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in HBHC. PNC Financial Services Group Inc. grew its holdings in Hancock Holding by 72.2% during the first quarter. PNC Financial Services Group Inc. now owns 2,239 shares of the financial services provider’s stock valued at $101,000 after purchasing an additional 939 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Hancock Holding by 14.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,248 shares of the financial services provider’s stock valued at $159,000 after purchasing an additional 404 shares during the last quarter. Hayek Kallen Investment Management acquired a new position in Hancock Holding during the second quarter valued at approximately $204,000. Canada Pension Plan Investment Board acquired a new position in Hancock Holding during the second quarter valued at approximately $216,000. Finally, Quantbot Technologies LP grew its holdings in Hancock Holding by 82.0% during the second quarter. Quantbot Technologies LP now owns 4,745 shares of the financial services provider’s stock valued at $232,000 after purchasing an additional 2,138 shares during the last quarter. Institutional investors own 76.98% of the company’s stock.
In other Hancock Holding news, CEO John M. Hairston sold 12,240 shares of the company’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $46.60, for a total value of $570,384.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Joseph S. Exnicios sold 3,369 shares of the company’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $46.27, for a total value of $155,883.63. The disclosure for this sale can be found here. Insiders have sold a total of 17,909 shares of company stock worth $827,307 over the last three months. 1.15% of the stock is owned by insiders.
Shares of Hancock Holding Company (HBHC) opened at 48.15 on Friday. The company has a market capitalization of $4.08 billion, a PE ratio of 20.10 and a beta of 0.88. The stock has a 50 day moving average price of $45.82 and a 200 day moving average price of $46.57. Hancock Holding Company has a 52-week low of $31.94 and a 52-week high of $52.94.
Hancock Holding (NASDAQ:HBHC) last posted its earnings results on Tuesday, July 18th. The financial services provider reported $0.68 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.68. The business had revenue of $267.20 million for the quarter, compared to analyst estimates of $265.03 million. Hancock Holding had a return on equity of 7.85% and a net margin of 18.91%. During the same period in the previous year, the firm earned $0.59 EPS. On average, analysts predict that Hancock Holding Company will post $2.70 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Tuesday, September 5th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend was Thursday, August 31st. Hancock Holding’s payout ratio is presently 40.00%.
HBHC has been the topic of several analyst reports. Jefferies Group LLC reiterated a “hold” rating and set a $51.00 price target on shares of Hancock Holding in a report on Friday, July 14th. Zacks Investment Research upgraded Hancock Holding from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a report on Tuesday, July 18th. Piper Jaffray Companies reiterated an “overweight” rating and set a $52.00 price target on shares of Hancock Holding in a report on Thursday, October 5th. Finally, BidaskClub downgraded Hancock Holding from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $51.92.
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About Hancock Holding
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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