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GULFPORT, Miss., Nov 5, 2009 (GlobeNewswire via COMTEX) --
Hancock Holding Company's recent public offering of common stock (Nasdaq:HBHC), which raised approximately $175.5 million in gross proceeds for general corporate purposes and potential growth, was the lowest discount-to-last-sale of any public bank equity raise in the country year to date.
Additionally, the discount on Hancock's offering relative to the price of the stock prior to filing was only 2.7 percent in a year where the average discount has been more than 12 percent.
Hancock executives stated that the unusually tight discount and high degree of interest in the offering indicates tremendous national market confidence in the strength and stability of 110-year-old Hancock Bank and the four-state region the company serves.
"We are very pleased with the overwhelming interest and the results this offering generated. This ranking comes despite headlines about the challenges large national banks face. For 110 years, Hancock Bank has been a strong, solid business partner helping to sustain and energize local and regional economies across the Gulf South. These proceeds further position Hancock Holding Company to consider opportunities that fit the company's strategic growth plan throughout the Gulf South region," said Hancock Holding Company President and Chief Executive Officer Carl J. Chaney.
On October 20, 2009, Hancock Holding 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.
About the Offering
This announcement shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any offer or sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The offering will be made only by means of a prospectus supplement and accompanying prospectus, copies of which may be obtained from Keefe, Bruyette & Woods, Inc., Equity Capital Markets, 787 Seventh Avenue, 4th Floor, New York, NY 10019 or by calling toll-free (800) 966-1559 and from Morgan Stanley at 180 Varick St, 2nd Floor, New York, NY 10014, Attention: Prospectus Department or by email at prospectus@morganstanley.com.
About Hancock Holding Company
Hancock Holding Company -- parent company of Hancock Bank (Mississippi), Hancock Bank of Louisiana, Hancock Bank of Florida, and Hancock Bank of Alabama -- operates more than 150 banking and financial services offices and more than 130 ATMs and has assets of approximately $6.8 billion as of September 30, 2009.
Founded in 1899, Hancock Bank consistently rates among America's strongest, safest financial institutions and has ranked as one of the nation's Top 10 Best Banks, according to Bank Director Magazine, for two years in a row. Bank subsidiaries include Hancock Investment Services, Inc., Hancock Insurance Agency and its divisions of Ross King Walker and J. Everett Eaves, and Harrison Finance Company.
Additional corporate information and e-banking are available at www.hancockbank.com.
The Hancock Holding Company logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=2758
The Hancock Bank logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=2759
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995
(Logo: http://www.primezone.com/newsroom/prs/?pkgid=)
Congress passed the Private Securities Litigation Act of 1995 in an effort to encourage corporations to provide information about companies' anticipated future financial performance. This act provides a safe harbor for such disclosure, which protects the companies from unwarranted litigation if actual results are different from management expectations. This release contains forward-looking statements which are not historical facts and reflects management's current views and estimates of future economic circumstances, industry conditions, company performance, and financial results. These forward-looking statements are subject to a number of factors and uncertainties which could cause the Company's actual results and experience to differ from the anticipated results and expectations expressed in such forward-looking statements.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Hancock Holding Company
CONTACT: Hancock Holding Company Carl J. Chaney, President & Chief Executive Officer Michael M. Achary, Chief Financial Officer Paul D. Guichet, VP, Investor Relations & Corporate Governance 800.522.6542 228.563.6559
Tags: alabama bank banking ceo congress corporate email equity exercise finance financial results financial services florida insurance investment local louisiana magazine mississippi nasdaq new_york president public offering rates securities
Companies: Hancock Holding Co. (HBHC)
GULFPORT, Miss., Oct 27, 2009 (GlobeNewswire via COMTEX) --
Hancock Holding Company (Nasdaq:HBHC) today 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 Company President and Chief Executive Officer Carl J. Chaney noted, "We are very pleased with the overwhelming interest and the results this offering generated. We believe this response reflects the company's 110-year history of financial strength and stability. These proceeds further position Hancock to consider expansion opportunities that fit the company's strategic growth plans throughout the Gulf South region."
This announcement shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any offer or sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The offering will be made only by means of a prospectus supplement and accompanying prospectus, copies of which may be obtained from Keefe, Bruyette & Woods, Inc., Equity Capital Markets, 787 Seventh Avenue, 4th Floor, New York, NY 10019 or by calling toll-free (800) 966-1559 and from Morgan Stanley at 180 Varick St, 2nd Floor, New York, NY 10014, Attention: Prospectus Department or by email at prospectus@morganstanley.com.
About Hancock Holding Company
Hancock Holding Company -- parent company of Hancock Bank (Mississippi), Hancock Bank of Louisiana, Hancock Bank of Florida, and Hancock Bank of Alabama -- operates more than 150 banking and financial services offices and more than 130 ATMs and has assets of approximately $6.8 billion as of September 30, 2009.
Founded in 1899, Hancock Bank consistently rates among America's strongest, safest financial institutions and has ranked as one of the nation's Top 10 Best Banks, according to Bank Director Magazine, for two years in a row. Bank subsidiaries include Hancock Investment Services, Inc., Hancock Insurance Agency and its divisions of Ross King Walker and J. Everett Eaves, and Harrison Finance Company.
Additional corporate information and e-banking are available at www.hancockbank.com.
The Hancock Holding Company logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=2758
"SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: Congress passed the Private Securities Litigation Act of 1995 in an effort to encourage corporations to provide information about companies' anticipated future financial performance. This act provides a safe harbor for such disclosure, which protects the companies from unwarranted litigation if actual results are different from management expectations. This release contains forward-looking statements which are not historical facts and reflects management's current views and estimates of future economic circumstances, industry conditions, company performance, and financial results. These forward-looking statements are subject to a number of factors and uncertainties which could cause the Company's actual results and experience to differ from the anticipated results and expectations expressed in such forward-looking statements.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Hancock Holding Company
CONTACT: Hancock Holding Company Carl J. Chaney, President & Chief Executive Officer Michael M. Achary, Chief Financial Officer Paul D. Guichet, VP, Investor Relations & Corporate Governance 800.522.6542 228.563.6559
Tags: alabama bank banking ceo congress corporate email equity exercise expansion finance financial results financial services florida insurance investment louisiana magazine mississippi nasdaq new_york president rates securities
Companies: Hancock Holding Co. (HBHC), Keefe Bruyette & Woods Inc (KBW)
GULFPORT, Miss., Oct 19, 2009 (GlobeNewswire via COMTEX) --
Hancock Holding Company (Nasdaq:HBHC) today announced 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 percent 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.
This announcement shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any offer or sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The offering will be made only by means of a prospectus supplement and accompanying prospectus, copies of which may be obtained from Keefe, Bruyette & Woods, Inc., Equity Capital Markets, 787 Seventh Avenue, 4th Floor, New York, NY 10019 or by calling toll-free (800) 966-1559 and from Morgan Stanley at 180 Varick St, 2nd Floor, New York, NY 10014, Attention: Prospectus Department or by email at prospectus@morganstanley.com.
About Hancock Holding Company
Hancock Holding Company -- parent company of Hancock Bank (Mississippi), Hancock Bank of Louisiana, Hancock Bank of Florida, and Hancock Bank of Alabama -- operates more than 150 banking and financial services offices and more than 130 ATMs and has assets of approximately $6.8 billion as of September 30, 2009. Founded in 1899, Hancock Bank consistently rates among America's strongest, safest financial institutions and has ranked as one of the nation's Top 10 Best Banks, according to Bank Director Magazine, for two years in a row. Other subsidiaries include Harrison Finance Company and Hancock Insurance Agency and its divisions of Ross King Walker and J. Everett Eaves. Additional corporate information and e-banking are available at www.hancockbank.com.
The Hancock Holding Company logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=2758
"SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: Congress passed the Private Securities Litigation Act of 1995 in an effort to encourage corporations to provide information about companies' anticipated future financial performance. This act provides a safe harbor for such disclosure, which protects the companies from unwarranted litigation if actual results are different from management expectations. This release contains forward-looking statements which are not historical facts and reflects management's current views and estimates of future economic circumstances, industry conditions, company performance, and financial results. These forward-looking statements are subject to a number of factors and uncertainties which could cause the Company's actual results and experience to differ from the anticipated results and expectations expressed in such forward-looking statements.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Hancock Holding Company
CONTACT: Hancock Holding Company Carl J. Chaney, President & Chief Executive Officer Michael M. Achary, Chief Financial Officer Paul D. Guichet, VP, Investor Relations & Corporate Governance paul_guichet@hancockbank.com 800.522.6542 228.563.6559
Tags: acquisition alabama bank banking book congress corporate email equity finance financial results financial services florida insurance louisiana magazine mississippi nasdaq new_york public offering rates securities
Companies: Hancock Holding Co. (HBHC), Keefe Bruyette & Woods Inc (KBW)
Oct 27, 2009 (M2 PRESSWIRE via COMTEX) --
Xtremepicks.com Alerts include Hancock Holding Company (Nasdaq: HBHC), J & J Snack Foods Corp. (NASDAQ: JJSF), Orexigen(R) Therapeutics, Inc. (Nasdaq: OREX) and Mellanox(R) Technologies, Ltd. (Nasdaq: MLNX)
Hancock Holding Company (Nasdaq:HBHC) trading at $37.33 per share on trading volume of 108,198 shares.
In a press release out on October 27, Hancock Holding Company Closes $175.5 Million Common Stock Offering
GULFPORT, Miss., Oct 27, 2009 -- Hancock Holding Company (Nasdaq:HBHC) today announced that the company raised gross proceeds of approximately $175.5 million through its previously announced public common stock offering.
About Hancock Holding Company
Hancock Holding Company -- parent company of Hancock Bank (Mississippi), Hancock Bank of Louisiana, Hancock Bank of Florida, and Hancock Bank of Alabama -- operates more than 150 banking and financial services offices and more than 130 ATMs and has assets of approximately $6.8 billion as of September 30, 2009.
J & J Snack Foods Corp. (NASDAQ:JJSF) trading at $41.41 per share on trading volume of 7,717 shares.
In a press release out on October 27, J & J Snack Foods Schedules Fourth Quarter Conference Call
PENNSAUKEN, N.J., Oct 27, 2009 -- J & J Snack Foods Corp. (NASDAQ:JJSF) announced today that its conference call to discuss its fourth quarter and full year 2009 results is scheduled for Wednesday, November 4, 2009 at 10:00 AM Eastern time.About Dollar Financial Corp
J & J Snack Foods Corp.'s principal products include SUPERPRETZEL, PRETZEL FILLERS and other soft pretzels, ICEE, SLUSH PUPPIE and ARCTIC BLAST frozen beverages, LUIGI'S, MAMA TISH'S, SHAPE UPS, MINUTE MAID* and BARQ'S** frozen juice bars and ices, WHOLE FRUIT sorbet, FRUIT-A-FREEZE frozen fruit bars, MARY B'S biscuits and dumplings, DADDY RAY'S fig and fruit bars, TIO PEPE'S churros, THE FUNNEL CAKE FACTORY funnel cakes, and MRS. GOODCOOKIE, CAMDEN CREEK, COUNTRY HOME and READI-BAKE cookies. J & J has manufacturing facilities in Pennsauken, Bridgeport and Bellmawr, New Jersey; Scranton, Hatfield and Chambersburg, Pennsylvania; Carrollton, Texas; Atlanta, Georgia; Moscow Mills, Missouri; Pensacola, Florida and Vernon and Newport, California.
Orexigen(R) Therapeutics, Inc. (Nasdaq: OREX) trading at $7.20 per share on trading volume of 430,043 shares.
In a press release out on October 27, Orexigen(R) Therapeutics Releases New Efficacy Data for Contrave(R) in Late Breaker Presentations at the 27th Annual Scientific Meeting of The Obesity Society
SAN DIEGO, Oct 27, 2009 -- Orexigen(R) Therapeutics, Inc. (Nasdaq: OREX) today announced results from new intent to treat (ITT) analyses from the COR-I and COR-II Phase 3 trials of Contrave(R) (naltrexone SR/bupropion SR), the first of two late stage Orexigen candidates for the treatment of obesity. These data expand on top-line results announced in July and complement findings from a panel discussion on Saturday where the Company presented data on Contrave patients who completed 56 weeks of therapy. These ITT data were presented today in two late breaker oral presentations at the 27th Annual Scientific Meeting of The Obesity Society in Washington, D.C.
About Orexigen(R) Therapeutics
Orexigen Therapeutics, Inc. is a biopharmaceutical company focused on developing therapies that offer multiple approaches to treating obesity. The Company's lead investigational product, Contrave(R), has completed the COR clinical development program and is on track for a regulatory submission with the FDA in the first half of 2010. The Company's second obesity drug candidate, Empatic(TM) has completed Phase 2 trials. Each product candidate is designed to act on a specific group of neurons in the central nervous system with the goal of achieving appetite suppression and sustained weight loss, through combination therapeutic approaches. Further information about the Company can be found at http://www.Orexigen.com.
Mellanox(R) Technologies, Ltd. (Nasdaq:MLNX) trading at $18.06 per share on trading volume of 63,379 shares.
In a press release out on October 27, Mellanox Technologies Inks Distribution Agreement With Bell Microproducts
SUNNYVALE, Calif. and YOKNEAM, Israel, Oct 27, 2009 -- Mellanox(R) Technologies, Ltd. (Nasdaq:MLNX) (TASE:MLNX), a leading supplier of end-to-end connectivity solutions for data center servers and storage systems, announced today that Bell Microproducts Inc. (OTCBB:BELM), one of the world's largest value-added distributors of storage and computing technology, will distribute Mellanox adapter cards, InfiniBand switch systems, gateway systems, and cables. Mellanox products deliver industry-leading bandwidth, performance, scalability, power conservation, and cost-effectiveness while converging multiple legacy network technologies into one future-proof solution.
About Mellanox
Mellanox Technologies is a leading supplier of end-to-end connectivity solutions for servers and storage that optimize data center performance. Mellanox products deliver market-leading bandwidth, performance, scalability, power conservation, and cost-effectiveness while converging multiple legacy network technologies into one future-proof solution. For the best in performance and scalability, Mellanox is the choice for Fortune 500 data centers and the world's most powerful supercomputers. Founded in 1999, Mellanox Technologies is headquartered in Sunnyvale, California and Yokneam, Israel. For more information, visit Mellanox atwww.mellanox.com.
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Tags: alabama arctic bandwidth bank banking beverages california clinical computer conference dollar email e-mail financial services florida fruit investment investment opinion israel louisiana manufacturing market mississippi missouri nasdaq nervous system new jersey obesity pennsylvania products profit russia technology texas track washington web
Companies: Hancock Holding Co. (HBHC), Isolyser Company, Inc. (OREX), J & J Snack Foods Corp. (JJSF), Mellanox Technologies Ltd (MLNX)
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The board of directors of Hancock Holding Company — parent company of 108-year-old Hancock Bank — named Chief Financial Officer Carl J. Chaney and Chief Operations Officer John M. Hairston as chief executive officers of the company. With this transition, George A.
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