Schwab Charles Investment Management Inc. Boosts Stake in Hancock Holding (HBHC)

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Schwab Charles Investment Management Inc. grew its stake in shares of Hancock Holding (NASDAQ:HBHC) by 6.9% in the second quarter, HoldingsChannel.com reports. The fund owned 589,718 shares of the financial services provider’s stock after purchasing an additional 38,180 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Hancock were worth $27,511,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Arizona State Retirement System raised its position in shares of Hancock by 2.6% during the 2nd quarter. Arizona State Retirement System now owns 59,213 shares of the financial services provider’s stock worth $2,762,000 after purchasing an additional 1,500 shares during the last quarter. Comerica Bank raised its position in shares of Hancock by 1.3% during the 1st quarter. Comerica Bank now owns 121,684 shares of the financial services provider’s stock worth $5,896,000 after purchasing an additional 1,574 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of Hancock by 0.4% during the 1st quarter. Thrivent Financial for Lutherans now owns 429,936 shares of the financial services provider’s stock worth $22,228,000 after purchasing an additional 1,681 shares during the last quarter. Eagle Asset Management Inc. raised its position in shares of Hancock by 10.5% during the 2nd quarter. Eagle Asset Management Inc. now owns 22,788 shares of the financial services provider’s stock worth $1,063,000 after purchasing an additional 2,168 shares during the last quarter. Finally, Interval Partners LP raised its position in shares of Hancock by 1.7% during the 1st quarter. Interval Partners LP now owns 173,029 shares of the financial services provider’s stock worth $8,946,000 after purchasing an additional 2,893 shares during the last quarter. Institutional investors own 75.66% of the company’s stock.

Shares of Hancock stock opened at $51.65 on Thursday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.81 and a quick ratio of 0.80. Hancock Holding has a 1 year low of $41.05 and a 1 year high of $56.40. The company has a market cap of $4.41 billion, a P/E ratio of 17.69, a P/E/G ratio of 1.68 and a beta of 1.04.

Hancock 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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Want to see what other hedge funds are holding HBHC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hancock Holding (NASDAQ:HBHC).

Institutional Ownership by Quarter for Hancock (NASDAQ:HBHC)

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