Brandywine Global Investment Management LLC cut its holdings in shares of Hancock Holding (NASDAQ:HBHC) by 1.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 217,853 shares of the financial services provider’s stock after selling 4,155 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in Hancock were worth $10,784,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of HBHC. Cerebellum GP LLC acquired a new stake in shares of Hancock during the 4th quarter worth approximately $125,000. Signition LP acquired a new stake in shares of Hancock during the 4th quarter worth approximately $224,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Hancock by 50.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,874 shares of the financial services provider’s stock worth $241,000 after purchasing an additional 1,626 shares during the period. JOYN Advisors Inc. acquired a new stake in shares of Hancock during the 4th quarter worth approximately $252,000. Finally, Virtu Financial LLC acquired a new stake in shares of Hancock during the 4th quarter worth approximately $252,000. 77.52% of the stock is owned by institutional investors.
Shares of Hancock Holding (NASDAQ:HBHC) opened at $55.70 on Wednesday. Hancock Holding has a one year low of $41.05 and a one year high of $56.20. The stock has a market cap of $4,750.00, a price-to-earnings ratio of 20.55, a P/E/G ratio of 1.82 and a beta of 1.02. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.11.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Monday, March 5th will be paid a $0.24 dividend. The ex-dividend date is Friday, March 2nd. This represents a $0.96 dividend on an annualized basis and a yield of 1.72%. Hancock’s dividend payout ratio is currently 35.42%.
HBHC has been the topic of a number of analyst reports. ValuEngine cut shares of Hancock from a “buy” rating to a “hold” rating in a research note on Friday, November 17th. SunTrust Banks reaffirmed a “hold” rating and set a $53.00 price objective on shares of Hancock in a research note on Wednesday, November 29th. BidaskClub cut shares of Hancock from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Zacks Investment Research raised shares of Hancock from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a research note on Tuesday, December 19th. Finally, Hovde Group raised shares of Hancock from a “market perform” rating to an “outperform” rating and set a $58.00 price target on the stock in a research note on Wednesday, December 27th. Six equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $56.75.
In other Hancock news, insider Joy L. Phillips sold 14,630 shares of the firm’s stock in a transaction on Monday, March 12th. The stock was sold at an average price of $55.44, for a total value of $811,087.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Sonya C. Little sold 600 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $54.85, for a total value of $32,910.00. The disclosure for this sale can be found here. Insiders sold a total of 44,261 shares of company stock worth $2,414,102 in the last three months. 1.15% of the stock is owned by corporate insiders.
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Hancock Holding Company is a financial services company that provides a network of service financial choices to the Gulf South region, through its bank subsidiary, Whitney Bank (the Bank), a Mississippi state bank. The Company operates through overall banking operations segment. The Bank operates under brands, such as Hancock Bank in Mississippi, Alabama and Florida, and Whitney Bank in Louisiana and Texas.
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