Rafferty Asset Management Lowers stake in Hancock Holding Company (HBHC)

Hancock Holding Company (HBHC) : Rafferty Asset Management reduced its stake in Hancock Holding Company by 6.65% during the most recent quarter end. The investment management company now holds a total of 136,895 shares of Hancock Holding Company which is valued at $5,352,595 after selling 9,750 shares in Hancock Holding Company , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Hancock Holding Company makes up approximately 0.22% of Rafferty Asset Management’s portfolio.

Other Hedge Funds, Including , Vanguard Group Inc boosted its stake in HBHC in the latest quarter, The investment management firm added 159,992 additional shares and now holds a total of 5,996,687 shares of Hancock Holding Company which is valued at $234,470,462. Hancock Holding Company makes up approx 0.01% of Vanguard Group Inc’s portfolio.Citadel Advisors reduced its stake in HBHC by selling 1,638 shares or 0.65% in the most recent quarter. The Hedge Fund company now holds 249,076 shares of HBHC which is valued at $9,340,350. Hancock Holding Company makes up approx 0.02% of Citadel Advisors’s portfolio.Blackrock Group Ltd boosted its stake in HBHC in the latest quarter, The investment management firm added 439 additional shares and now holds a total of 60,137 shares of Hancock Holding Company which is valued at $2,044,658.Commonwealth Equity Services Inc reduced its stake in HBHC by selling 3,246 shares or 5.35% in the most recent quarter. The Hedge Fund company now holds 57,448 shares of HBHC which is valued at $1,931,976. Hancock Holding Company makes up approx 0.02% of Commonwealth Equity Services Inc’s portfolio.

Hancock Holding Company opened for trading at $40.3 and hit $41.1 on the upside on Monday, eventually ending the session at $40.95, with a gain of 2.18% or 0.875 points. The heightened volatility saw the trading volume jump to 9,11,089 shares. Company has a market cap of $3,177 M.

On the company’s financial health, Hancock Holding Company reported $0.59 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Oct 18, 2016. Analyst had a consensus of $0.58.Analysts expectations of $ 235.89.During the same quarter in the previous year, the company posted $0.52 EPS.

Investors should note that on Oct 31, 2016, Hancock Holding Company announced a cash dividend of $0.2400. The company’s management has announced Dec 1, 2016 as the ex-dividend date and fixed the record date on Dec 5, 2016. The payable date has been fixed on Dec 15, 2016.

Many Wall Street Analysts have commented on Hancock Holding Company. Hancock Holding Company was Downgraded by SunTrust to ” Neutral” on Sep 19, 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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