Bank of America Corp DE cut its stake in Hancock Holding (NASDAQ:HBHC) by 2.5% in the 2nd quarter, Holdings Channel reports. The firm owned 265,247 shares of the financial services provider’s stock after selling 6,678 shares during the quarter. Bank of America Corp DE’s holdings in Hancock were worth $12,374,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of HBHC. Brown Advisory Inc. purchased a new stake in shares of Hancock in the second quarter worth approximately $229,000. Bailard Inc. purchased a new stake in shares of Hancock in the second quarter worth approximately $294,000. Cahaba Wealth Management Inc. purchased a new stake in shares of Hancock in the second quarter worth approximately $298,000. OppenheimerFunds Inc. raised its stake in shares of Hancock by 15.9% in the second quarter. OppenheimerFunds Inc. now owns 7,251 shares of the financial services provider’s stock worth $338,000 after purchasing an additional 994 shares during the last quarter. Finally, WINTON GROUP Ltd purchased a new stake in shares of Hancock in the first quarter worth approximately $401,000. 75.66% of the stock is owned by hedge funds and other institutional investors.
Shares of HBHC opened at $51.65 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.81 and a quick ratio of 0.80. The company has a market cap of $4.41 billion, a P/E ratio of 17.69, a price-to-earnings-growth ratio of 1.68 and a beta of 1.04. Hancock Holding has a 12 month low of $41.05 and a 12 month high of $56.40.
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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