Hancock Holding Company (NASDAQ:HBHC) Insider Sells $155,883.63 in Stock

Hancock Holding Company (NASDAQ:HBHC) insider Joseph S. Exnicios sold 3,369 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $46.27, for a total value of $155,883.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Hancock Holding Company (NASDAQ HBHC) traded up 1.05% during mid-day trading on Friday, hitting $43.45. The company had a trading volume of 560,194 shares. The company has a 50 day moving average of $46.94 and a 200 day moving average of $46.74. Hancock Holding Company has a 1-year low of $31.10 and a 1-year high of $52.94. The firm has a market capitalization of $3.68 billion, a PE ratio of 18.13 and a beta of 0.85.

Hancock Holding (NASDAQ:HBHC) last issued its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.68 EPS for the quarter, hitting analysts’ consensus estimates of $0.68. The company had revenue of $267.20 million during the quarter, compared to the consensus estimate of $265.03 million. Hancock Holding had a net margin of 18.91% and a return on equity of 7.85%. During the same quarter in the previous year, the firm posted $0.59 earnings per share. Analysts predict that Hancock Holding Company will post $2.71 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, September 5th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date is Thursday, August 31st. Hancock Holding’s payout ratio is presently 40.00%.

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HBHC has been the subject of several research reports. Zacks Investment Research raised Hancock Holding from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research report on Tuesday, July 18th. ValuEngine raised Hancock Holding from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Keefe, Bruyette & Woods set a $50.00 target price on Hancock Holding and gave the stock a “hold” rating in a research report on Friday, August 11th. BidaskClub lowered Hancock Holding from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Finally, Stephens restated a “hold” rating on shares of Hancock Holding in a research note on Friday, April 28th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $49.78.

Institutional investors have recently modified their holdings of the company. Teachers Advisors LLC increased its position in shares of Hancock Holding by 3.2% in the fourth quarter. Teachers Advisors LLC now owns 129,827 shares of the financial services provider’s stock worth $5,596,000 after buying an additional 4,077 shares during the last quarter. Foundry Partners LLC increased its position in shares of Hancock Holding by 1.4% in the first quarter. Foundry Partners LLC now owns 430,871 shares of the financial services provider’s stock worth $19,626,000 after buying an additional 6,019 shares during the last quarter. Bank of Montreal Can increased its position in shares of Hancock Holding by 7.7% in the first quarter. Bank of Montreal Can now owns 7,662 shares of the financial services provider’s stock worth $349,000 after buying an additional 545 shares during the last quarter. Capstone Asset Management Co. increased its position in shares of Hancock Holding by 8.5% in the first quarter. Capstone Asset Management Co. now owns 6,109 shares of the financial services provider’s stock worth $278,000 after buying an additional 480 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its position in shares of Hancock Holding by 2.9% in the first quarter. Louisiana State Employees Retirement System now owns 21,300 shares of the financial services provider’s stock worth $970,000 after buying an additional 600 shares during the last quarter. 77.36% of the stock is currently owned by institutional investors and hedge funds.

About Hancock Holding

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.

Insider Buying and Selling by Quarter for Hancock Holding (NASDAQ:HBHC)

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