Key Developments For Hancock Holding Company
Hancock Holding Company (HBHC.O) (Nasdaq)
Hancock Holding Co. Announces Quarterly Dividend
Hancock Holding Co. announced that it has approved a regular fourth quarter 2009 common stock cash dividend of $0.24 per share. The regular quarterly common stock cash dividend is payable December 15, 2009, to shareholders of record as of December 4, 2009.
Hancock Holding Co. Closes $175.5 Million Common Stock Offering
Hancock Holding Co. announced that the Company raised gross proceeds of approximately $175.5 million through its previously announced public common stock offering. The Company, in connection with the offering, issued 4,945,000 shares of common stock, including 645,000 shares issued pursuant to the full exercise of the underwriters' over-allotment option. Net proceeds of the offering to Hancock were approximately $167.3 million after estimated expenses. Keefe, Bruyette & Woods, Inc. and Morgan Stanley acted as joint book-running managers, and Sterne Agee & Leach, Stifel Nicolaus & Co. and FIG Partners served as co-managers.
Hancock Holding Co. Announces Pricing Of Common Stock Offering
Hancock Holding Co. announced that its public offering of 4,300,000 shares of its common stock has priced at $35.50 per share for gross proceeds of $152,650,000. The Company has granted the underwriters a 30 day option to purchase up to an additional 645,000 shares of common stock to cover over allotments, if any. Keefe, Bruyette & Woods, Inc. and Morgan Stanley acted as joint book running managers. The Company intends to use the proceeds of the offering for general corporate purposes, which may include financing acquisition opportunities and other expansion efforts.
Hancock Holding Co. Announces Public Offering Of Common Stock
Hancock Holding Co. announced that it has commenced an underwritten registered public offering of approximately $150 million in common stock. Hancock Holding Company intends to grant the underwriters an option to purchase up to an additional 15% of the shares sold to cover over-allotments, if any. Keefe, Bruyette & Woods, Inc. and Morgan Stanley are acting as joint lead book-running managers. Sterne Agee & Leach, Stifel Nicolaus & Co. and FIG Partners will serve as co-managers. The shares will be issued pursuant to a prospectus supplement filed as part of a shelf registration statement filed with the Securities and Exchange Commission on Form S-3. The Company intends to use the net proceeds from this offering for general corporate purposes, which may include financing acquisition opportunities.
Hancock Holding Co. Announces Quarterly Dividend
Hancock Holding Co. announced that it has declared a regular third quarter 2009 common stock cash dividend of $0.24 per share. Approved during the August meeting of the company's board of directors, the regular quarterly common stock cash dividend is payable September 15, 2009, to shareholders of record as of September 8, 2009.
