Jacobs Asset Management buys $14,815,125 stake in Hancock Holding Company (HBHC)

Hancock Holding Company (HBHC) : Jacobs Asset Management scooped up 167,500 additional shares in Hancock Holding Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 487,500 shares of Hancock Holding Company which is valued at $14,815,125.Hancock Holding Company makes up approximately 4.10% of Jacobs Asset Management’s portfolio.

Other Hedge Funds, Including , Guggenheim Capital boosted its stake in HBHC in the latest quarter, The investment management firm added 5,846 additional shares and now holds a total of 73,891 shares of Hancock Holding Company which is valued at $2,245,547. Hancock Holding Company makes up approx 0.01% of Guggenheim Capital’s portfolio.Dean Capital Management boosted its stake in HBHC in the latest quarter, The investment management firm added 150 additional shares and now holds a total of 62,285 shares of Hancock Holding Company which is valued at $1,892,841. Hancock Holding Company makes up approx 2.42% of Dean Capital Management’s portfolio. Pacad Investment Ltd. added HBHC to its portfolio by purchasing 2,100 company shares during the most recent quarter which is valued at $63,819. Hancock Holding Company makes up approx 0.01% of Pacad Investment Ltd.’s portfolio.Waters Parkerson reduced its stake in HBHC by selling 1,354 shares or 2.66% in the most recent quarter. The Hedge Fund company now holds 49,602 shares of HBHC which is valued at $1,507,405. Hancock Holding Company makes up approx 0.15% of Waters Parkerson’s portfolio. Old Mutual Global Investors (uk) Ltd. added HBHC to its portfolio by purchasing 18,273 company shares during the most recent quarter which is valued at $546,911. Hancock Holding Company makes up approx 0.01% of Old Mutual Global Investors (uk) Ltd.’s portfolio.

Hancock Holding Company closed down -0.55 points or -1.69% at $32.08 with 5,64,745 shares getting traded on Thursday. Post opening the session at $32.41, the shares hit an intraday low of $31.71 and an intraday high of $32.645 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Hancock Holding Company reported $0.59 EPS for the quarter, beating the analyst consensus estimate by $ 0.15 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $0.44. The company had revenue of $229.00 million for the quarter, compared to analysts expectations of $229.26 million. The company’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 EPS.

Many Wall Street Analysts have commented on Hancock Holding Company. Company shares were Reiterated by Hovde Group on Jul 26, 2016 to “Market Perform”, Firm has raised the Price Target to $ 32 from a previous price target of $27 .Hancock Holding Company was Upgraded by BofA/Merrill to ” Neutral” on Jul 22, 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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