Bowling Portfolio Management LLC bought a new stake in Hancock Holding (NASDAQ:HBHC) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 16,302 shares of the financial services provider’s stock, valued at approximately $760,000.
Other large investors have also made changes to their positions in the company. Cahaba Wealth Management Inc. acquired a new stake in shares of Hancock in the second quarter valued at $298,000. WINTON GROUP Ltd acquired a new stake in shares of Hancock in the first quarter valued at $401,000. Cookson Peirce & Co. Inc. acquired a new stake in shares of Hancock in the first quarter valued at $489,000. Xact Kapitalforvaltning AB increased its stake in shares of Hancock by 38.6% in the first quarter. Xact Kapitalforvaltning AB now owns 10,774 shares of the financial services provider’s stock valued at $557,000 after buying an additional 3,000 shares in the last quarter. Finally, Ramsey Quantitative Systems increased its stake in shares of Hancock by 155.5% in the second quarter. Ramsey Quantitative Systems now owns 12,711 shares of the financial services provider’s stock valued at $593,000 after buying an additional 7,736 shares in the last quarter. Institutional investors own 75.66% of the company’s stock.
HBHC has been the subject of a number of research reports. Keefe, Bruyette & Woods restated a “buy” rating and issued a $60.00 target price on shares of Hancock in a research note on Thursday, April 19th. SunTrust Banks lowered their target price on Hancock to $54.00 and set a “hold” rating for the company in a research note on Thursday, April 19th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $56.86.
Hancock Company Profile
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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