Dean Investment Associates buys $5,870,226 stake in Hancock Holding Company (HBHC)

Hancock Holding Company (HBHC) : Dean Investment Associates scooped up 32,406 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 3, 2016. The investment management firm now holds a total of 204,966 shares of Hancock Holding Company which is valued at $5,870,226.Hancock Holding Company makes up approximately 1.11% of Dean Investment Associates’s portfolio.

Other Hedge Funds, Including , Her Majesty The Queen In Right Of The Province Of Alberta… added HBHC to its portfolio by purchasing 19,285 company shares during the most recent quarter which is valued at $552,322. Hancock Holding Company makes up approx 0.01% of Her Majesty The Queen In Right Of The Province Of Alberta…’s portfolio. Shelton Capital Management added HBHC to its portfolio by purchasing 8,439 company shares during the most recent quarter which is valued at $241,693. Hancock Holding Company makes up approx 0.02% of Shelton Capital Management’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.Achievement Holdings boosted its stake in HBHC in the latest quarter, The investment management firm added 305,000 additional shares and now holds a total of 380,000 shares of Hancock Holding Company which is valued at $11,293,600. Hancock Holding Company makes up approx 1.45% of Achievement Holdings’s portfolio. Manchester Capital Management sold out all of its stake in HBHC during the most recent quarter. The investment firm sold 2,928 shares of HBHC which is valued $87,635.

Hancock Holding Company opened for trading at $30.4 and hit $30.59 on the upside on Monday, eventually ending the session at $30.38, with a gain of 0.46% or 0.14 points. The heightened volatility saw the trading volume jump to 6,22,560 shares. Company has a market cap of $2,355 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 was Upgraded by Raymond James to ” Outperform” on May 9, 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *