Bank of America Corp DE lessened its stake in Hancock Holding (NASDAQ:HBHC) by 2.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 265,247 shares of the financial services provider’s stock after selling 6,678 shares during the period. Bank of America Corp DE owned about 0.31% of Hancock worth $12,374,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HBHC. BlackRock Inc. boosted its position in shares of Hancock by 3.9% during the 2nd quarter. BlackRock Inc. now owns 9,663,375 shares of the financial services provider’s stock valued at $450,796,000 after purchasing an additional 360,510 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Hancock by 1.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,336,046 shares of the financial services provider’s stock valued at $62,327,000 after purchasing an additional 23,029 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Hancock by 9.0% during the 2nd quarter. Wells Fargo & Company MN now owns 1,114,046 shares of the financial services provider’s stock valued at $51,970,000 after purchasing an additional 92,265 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Hancock by 7.4% during the 2nd quarter. Janus Henderson Group PLC now owns 921,655 shares of the financial services provider’s stock valued at $42,995,000 after purchasing an additional 63,800 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Hancock by 6.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 589,718 shares of the financial services provider’s stock valued at $27,511,000 after purchasing an additional 38,180 shares in the last quarter. Hedge funds and other institutional investors own 75.66% of the company’s stock.

Shares of Hancock stock opened at $51.65 on Friday. Hancock Holding has a one year low of $41.05 and a one year high of $56.40. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.80 and a current ratio of 0.81. The stock 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.

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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