Hancock Holding (NASDAQ:HBHC) Stake Lowered by Comerica Bank
Comerica Bank cut its stake in Hancock Holding (NASDAQ:HBHC) by 7.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 110,542 shares of the financial services provider’s stock after selling 9,015 shares during the quarter. Comerica Bank owned approximately 0.13% of Hancock worth $4,553,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Victory Capital Management Inc. grew its stake in shares of Hancock by 341.9% in the third quarter. Victory Capital Management Inc. now owns 1,106,245 shares of the financial services provider’s stock valued at $52,602,000 after acquiring an additional 855,904 shares in the last quarter. Copper Rock Capital Partners LLC acquired a new stake in Hancock during the third quarter worth about $22,002,000. Foundry Partners LLC acquired a new stake in Hancock during the third quarter worth about $20,990,000. Dalton Greiner Hartman Maher & Co. acquired a new stake in Hancock during the third quarter worth about $18,843,000. Finally, BlackRock Inc. grew its stake in Hancock by 3.9% during the second quarter. BlackRock Inc. now owns 9,663,375 shares of the financial services provider’s stock worth $450,796,000 after buying an additional 360,510 shares in the last quarter. 75.66% of the stock is currently owned by institutional investors.
Hancock Holding has a one year low of $41.05 and a one year high of $56.40.
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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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