Jane Street Group LLC Invests $779,000 in Hancock Holding (HBHC)

Jane Street Group LLC acquired a new stake in shares of Hancock Holding (NASDAQ:HBHC) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 16,071 shares of the financial services provider’s stock, valued at approximately $779,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Suntrust Banks Inc. grew its holdings in Hancock by 0.7% in the 2nd quarter. Suntrust Banks Inc. now owns 16,558 shares of the financial services provider’s stock valued at $810,000 after buying an additional 110 shares during the last quarter. Advisor Group Inc. grew its holdings in Hancock by 1.2% in the 2nd quarter. Advisor Group Inc. now owns 9,304 shares of the financial services provider’s stock valued at $412,000 after buying an additional 113 shares during the last quarter. World Asset Management Inc grew its holdings in Hancock by 2.3% in the 2nd quarter. World Asset Management Inc now owns 5,342 shares of the financial services provider’s stock valued at $262,000 after buying an additional 119 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in Hancock by 2.2% in the 2nd quarter. Teacher Retirement System of Texas now owns 6,774 shares of the financial services provider’s stock valued at $332,000 after buying an additional 147 shares during the last quarter. Finally, Amalgamated Bank grew its holdings in Hancock by 1.7% in the 2nd quarter. Amalgamated Bank now owns 11,754 shares of the financial services provider’s stock valued at $576,000 after buying an additional 196 shares during the last quarter. 77.23% of the stock is currently owned by institutional investors and hedge funds.

Shares of Hancock Holding (HBHC) opened at $49.55 on Thursday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.12. Hancock Holding has a 52-week low of $40.95 and a 52-week high of $53.35. The company has a market capitalization of $4,240.00, a P/E ratio of 18.16, a price-to-earnings-growth ratio of 2.25 and a beta of 0.91.

Hancock (NASDAQ:HBHC) last announced its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $0.76 EPS for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.02. Hancock had a return on equity of 8.27% and a net margin of 19.08%. The company had revenue of $269.97 million during the quarter, compared to the consensus estimate of $279.80 million. During the same quarter last year, the company earned $0.59 EPS. sell-side analysts expect that Hancock Holding will post 2.74 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Tuesday, December 5th will be given a $0.24 dividend. The ex-dividend date of this dividend is Monday, December 4th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.94%. Hancock’s dividend payout ratio is currently 38.55%.

A number of research firms have issued reports on HBHC. SunTrust Banks reaffirmed a “hold” rating and issued a $53.00 target price on shares of Hancock in a report on Wednesday, November 29th. BidaskClub lowered Hancock from a “buy” rating to a “hold” rating in a report on Tuesday. Jefferies Group reaffirmed a “hold” rating and issued a $52.00 target price on shares of Hancock in a report on Thursday, October 12th. Zacks Investment Research lowered Hancock from a “hold” rating to a “sell” rating in a report on Friday, October 6th. Finally, ValuEngine lowered Hancock from a “buy” rating to a “hold” rating in a report on Friday, November 17th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Hancock currently has an average rating of “Hold” and an average price target of $52.25.

In other Hancock news, insider Samuel B. Kendricks sold 2,982 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $48.62, for a total value of $144,984.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.15% of the stock is currently owned by company insiders.

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Hancock Profile

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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Institutional Ownership by Quarter for Hancock (NASDAQ:HBHC)

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