Forest Hill Capital buys $38,890,265 stake in Hancock Holding Company (HBHC)

Hancock Holding Company (HBHC) : Forest Hill Capital scooped up 25,000 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 15, 2016. The investment management firm now holds a total of 1,279,706 shares of Hancock Holding Company which is valued at $38,890,265.Hancock Holding Company makes up approximately 4.21% of Forest Hill Capital’s portfolio.

Other Hedge Funds, Including , Susquehanna International Group Llp reduced its stake in HBHC by selling 15,478 shares or 12.89% in the most recent quarter. The Hedge Fund company now holds 104,631 shares of HBHC which is valued at $3,179,736. Hancock Holding Company makes up approx 0.02% of Susquehanna International Group Llp’s portfolio. Deimos Asset Management sold out all of its stake in HBHC during the most recent quarter. The investment firm sold 13,104 shares of HBHC which is valued $398,231.Stratos Wealth Partners Ltd. boosted its stake in HBHC in the latest quarter, The investment management firm added 2,295 additional shares and now holds a total of 89,911 shares of Hancock Holding Company which is valued at $2,732,395. Hancock Holding Company makes up approx 0.20% of Stratos Wealth Partners Ltd.’s portfolio.Teachers Advisors Inc boosted its stake in HBHC in the latest quarter, The investment management firm added 9,678 additional shares and now holds a total of 124,707 shares of Hancock Holding Company which is valued at $3,789,846. Hancock Holding Company makes up approx 0.01% of Teachers Advisors Inc’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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