Quantitative Systematic Strategies LLC Decreases Position in Hancock Holding (HBHC)

Quantitative Systematic Strategies LLC cut its position in shares of Hancock Holding (NASDAQ:HBHC) by 7.7% in the first quarter, HoldingsChannel reports. The institutional investor owned 12,717 shares of the financial services provider’s stock after selling 1,065 shares during the period. Quantitative Systematic Strategies LLC’s holdings in Hancock were worth $657,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of HBHC. Cerebellum GP LLC bought a new position in shares of Hancock during the fourth quarter worth about $125,000. Signition LP bought a new position in shares of Hancock during the fourth quarter worth about $224,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Hancock by 50.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,874 shares of the financial services provider’s stock worth $241,000 after buying an additional 1,626 shares in the last quarter. JOYN Advisors Inc. acquired a new position in Hancock during the fourth quarter valued at approximately $252,000. Finally, Virtu Financial LLC acquired a new position in Hancock during the fourth quarter valued at approximately $252,000. Institutional investors and hedge funds own 76.87% of the company’s stock.

In other news, Director Robert W. Roseberry sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $54.00, for a total value of $1,350,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Stephen E. Barker sold 3,572 shares of the firm’s stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $55.70, for a total value of $198,960.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 43,202 shares of company stock valued at $2,360,048. Insiders own 0.96% of the company’s stock.



HBHC has been the subject of several recent research reports. Sandler O’Neill reissued a “buy” rating and set a $61.00 price target on shares of Hancock in a research report on Friday, January 19th. SunTrust Banks reissued a “hold” rating and set a $59.00 price target on shares of Hancock in a research report on Friday, January 19th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $62.00 price target on shares of Hancock in a research report on Friday, January 19th. BidaskClub cut Hancock from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th. Finally, Zacks Investment Research cut Hancock from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 27th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $56.86.

Shares of NASDAQ HBHC opened at $51.30 on Monday. Hancock Holding has a 52 week low of $41.05 and a 52 week high of $56.40. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 0.10. The company has a market cap of $4.38 billion, a P/E ratio of 16.03, a P/E/G ratio of 1.68 and a beta of 1.04.

Hancock (NASDAQ:HBHC) last released its quarterly earnings data on Tuesday, April 17th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.02. Hancock had a return on equity of 9.70% and a net margin of 19.76%. The company had revenue of $271.92 million during the quarter, compared to analysts’ expectations of $281.70 million. During the same period last year, the firm posted $0.57 earnings per share. equities research analysts anticipate that Hancock Holding will post 3.81 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Tuesday, June 5th will be given a $0.24 dividend. The ex-dividend date is Monday, June 4th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.87%. Hancock’s payout ratio is 32.88%.

About Hancock

Hancock Holding Company operates as the bank holding company for Whitney Bank that provides a range of community banking services to commercial, small business, and retail customers. The company offers various deposit products, including noninterest-bearing demand deposits, interest-bearing transaction accounts, savings accounts, money market deposit accounts, and time deposit accounts.

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Institutional Ownership by Quarter for Hancock (NASDAQ:HBHC)

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