Dean Capital Management buys $1,892,841 stake in Hancock Holding Company (HBHC)

Hancock Holding Company (HBHC) : Dean Capital Management scooped up 150 additional shares in Hancock Holding Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 62,285 shares of Hancock Holding Company which is valued at $1,892,841.Hancock Holding Company makes up approximately 2.42% of Dean Capital Management’s portfolio.

Other Hedge Funds, Including , Liberty Mutual Group Asset Management boosted its stake in HBHC in the latest quarter, The investment management firm added 2,929 additional shares and now holds a total of 33,642 shares of Hancock Holding Company which is valued at $1,022,380. Hancock Holding Company makes up approx 0.04% of Liberty Mutual Group Asset Management’s portfolio.Tower Research Capital (trc) boosted its stake in HBHC in the latest quarter, The investment management firm added 2,388 additional shares and now holds a total of 2,392 shares of Hancock Holding Company which is valued at $72,693. Hancock Holding Company makes up approx 0.01% of Tower Research Capital (trc)’s portfolio.Signaturefd boosted its stake in HBHC in the latest quarter, The investment management firm added 65 additional shares and now holds a total of 191 shares of Hancock Holding Company which is valued at $5,537.Retirement Systems Of Alabama boosted its stake in HBHC in the latest quarter, The investment management firm added 62 additional shares and now holds a total of 99,990 shares of Hancock Holding Company which is valued at $2,971,703. Hancock Holding Company makes up approx 0.02% of Retirement Systems Of Alabama’s portfolio.Msi Financial Services Inc reduced its stake in HBHC by selling 49 shares or 9.16% in the most recent quarter. The Hedge Fund company now holds 486 shares of HBHC which is valued at $14,444.

Hancock Holding Company opened for trading at $31.93 and hit $32.38 on the upside on Monday, eventually ending the session at $32.34, with a gain of 1.51% or 0.48 points. The heightened volatility saw the trading volume jump to 6,22,009 shares. Company has a market cap of $2,508 M.

On the company’s financial health, Hancock Holding Company reported $0.59 EPS for the quarter, beating the analyst consensus estimate by $ 0.15 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $0.44. The company had revenue of $229.00 million for the quarter, compared to analysts expectations of $229.26 million. The company’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 EPS.

Investors should note that on Aug 1, 2016, Hancock Holding Company announced a cash dividend of $0.2400. The company’s management has announced Sep 1, 2016 as the ex-dividend date and fixed the record date on Sep 6, 2016. The payable date has been fixed on Sep 15, 2016.

Many Wall Street Analysts have commented on Hancock Holding Company. Company shares were Reiterated by Hovde Group on Jul 26, 2016 to “Market Perform”, Firm has raised the Price Target to $ 32 from a previous price target of $27 .Hancock Holding Company was Upgraded by BofA/Merrill to ” Neutral” on Jul 22, 2016.

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. Whitney Bank operates under brands: Hancock Bank in Mississippi Alabama and Florida and Whitney Bank in Louisiana and Texas. The Bank operates across the Gulf South region consisting of southern Mississippi; southern and central Alabama; southern Louisiana; the northern central and panhandle regions of Florida and Houston Texas. The Bank offers a range of traditional and online community banking services to commercial small business and retail customers providing a variety of transaction and savings deposit products treasury management services investment brokerage services secured and unsecured loan products and letters of credit and financial guarantees. It also provides trust and investment management services to retirement plans corporations and individuals.

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