Dreman Value Management L L C adds Hancock Holding Company (HBHC) to its portfolio

Hancock Holding Company (HBHC) : Dreman Value Management L L C added new position in Hancock Holding Company during the most recent quarter end. The investment management firm now holds 428,149 shares of Hancock Holding Company which is valued at $13,011,448 , the company said in a statement filed on Aug 15, 2016 with the SEC.Hancock Holding Company makes up approximately 1.37% of Dreman Value Management L L C’s portfolio.

Other Hedge Funds, Including , Two Sigma Advisers Lp added HBHC to its portfolio by purchasing 9,811 company shares during the most recent quarter which is valued at $298,156.Dean Capital Management boosted its stake in HBHC in the latest quarter, The investment management firm added 150 additional shares and now holds a total of 62,285 shares of Hancock Holding Company which is valued at $1,892,841. Hancock Holding Company makes up approx 2.42% of Dean Capital Management’s portfolio.Profund Advisors boosted its stake in HBHC in the latest quarter, The investment management firm added 2,447 additional shares and now holds a total of 17,732 shares of Hancock Holding Company which is valued at $538,875. Hancock Holding Company makes up approx 0.02% of Profund Advisors’s portfolio.Denver Investment Advisors boosted its stake in HBHC in the latest quarter, The investment management firm added 62,738 additional shares and now holds a total of 471,994 shares of Hancock Holding Company which is valued at $14,291,978. Hancock Holding Company makes up approx 0.61% of Denver Investment Advisors’s portfolio.

Hancock Holding Company closed down -0.55 points or -1.69% at $32.08 with 5,64,745 shares getting traded on Thursday. Post opening the session at $32.41, the shares hit an intraday low of $31.71 and an intraday high of $32.645 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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.

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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