Notable Mover: Could Hancock Holding Company Change Direction After Touching 52-Week High?

Notable Mover: Could Hancock Holding Company Change Direction After Touching 52 Week High?

The stock of Hancock Holding Company (NASDAQ:HBHC) hit a new 52-week high and has $52.39 target or 55.00% above today’s $33.80 share price. The 6 months bullish chart indicates low risk for the $2.64B company. The 1-year high was reported on Oct, 19 by Barchart.com. If the $52.39 price target is reached, the company will be worth $1.45 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 426,417 shares traded hands. Hancock Holding Company (NASDAQ:HBHC) has risen 35.52% since March 16, 2016 and is uptrending. It has outperformed by 29.97% the S&P500.

Analysts await Hancock Holding Company (NASDAQ:HBHC) to report earnings on October, 27. They expect $0.58 EPS, up 11.54% or $0.06 from last year’s $0.52 per share. HBHC’s profit will be $45.30M for 14.57 P/E if the $0.58 EPS becomes a reality. After $0.59 actual EPS reported by Hancock Holding Company for the previous quarter, Wall Street now forecasts -1.69% negative EPS growth.

Hancock Holding Company (NASDAQ:HBHC) Ratings Coverage

Out of 11 analysts covering Hancock Holding Company (NASDAQ:HBHC), 2 rate it a “Buy”, 0 “Sell”, while 9 “Hold”. This means 18% are positive. Hancock Holding Company has been the topic of 15 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by SunTrust on Monday, September 19. The rating was upgraded by Stephens to “Overweight” on Friday, July 24. The stock has “Market Perform” rating given by Wood on Friday, April 8. The firm earned “Outperform” rating on Monday, May 9 by Raymond James. The stock of Hancock Holding Company (NASDAQ:HBHC) has “Neutral” rating given on Monday, September 19 by Suntrust Robinson. The stock has “Equal-Weight” rating given by Stephens on Wednesday, December 9. Piper Jaffray initiated the stock with “Neutral” rating in Tuesday, December 8 report. As per Tuesday, March 29, the company rating was downgraded by Hovde Group. The stock of Hancock Holding Company (NASDAQ:HBHC) has “Sector Perform” rating given on Friday, December 18 by RBC Capital Markets. Bank of America upgraded the shares of HBHC in a report on Friday, July 22 to “Neutral” rating.

According to Zacks Investment Research, “Hancock Holding operates banking offices automated teller machines in the states of Mississippi and Louisiana through two wholly-owned bank subsidiaries, Hancock Bank, Gulfport, Mississippi and Hancock Bank of Louisiana, Baton Rouge, Louisiana. Hancock Bank MS and Hancock Bank LA are referred to collectively as the Banks. The Banks are community oriented and focus primarily on offering commercial, consumer and mortgage loans and deposit services to individuals and small to middle market businesses in their respective market areas.”

Insitutional Activity: The institutional sentiment increased to 1.3 in 2016 Q2. Its up 0.21, from 1.09 in 2016Q1. The ratio is positive, as 22 funds sold all Hancock Holding Company shares owned while 54 reduced positions. 25 funds bought stakes while 74 increased positions. They now own 61.91 million shares or 0.10% more from 61.85 million shares in 2016Q1.
Teton Advsrs last reported 0.04% of its portfolio in the stock. Summit Secs Gru Limited Co holds 0.24% or 17,335 shares in its portfolio. Checchi Advisers Ltd Liability Corporation owns 141 shares or 0% of their US portfolio. Blackrock Inv Mgmt Limited Com accumulated 0.02% or 547,935 shares. Denver Advsrs Limited Liability Com has 471,994 shares for 0.56% of their US portfolio. Suntrust Banks Incorporated owns 15,938 shares or 0% of their US portfolio. Metropolitan Life Ny, a New York-based fund reported 126,232 shares. Dean Investment Assoc Ltd Liability Co holds 1.05% of its portfolio in Hancock Holding Company (NASDAQ:HBHC) for 204,966 shares. Vanguard Grp Inc Inc accumulated 0.01% or 5.84M shares. State Treasurer State Of Michigan accumulated 31,100 shares or 0.01% of the stock. Weaver C Barksdale And Incorporated holds 0.01% of its portfolio in Hancock Holding Company (NASDAQ:HBHC) for 135 shares. Ls Advsr Llc has invested 0.01% of its portfolio in Hancock Holding Company (NASDAQ:HBHC). Teacher Retirement Of Texas accumulated 0% or 10,842 shares. Foundry Prns Ltd accumulated 412,039 shares or 0.61% of the stock. Tiaa Cref Inv Management Ltd Com, a New York-based fund reported 242,983 shares.

Insider Transactions: Since May 5, 2016, the stock had 2 insider buys, and 4 selling transactions for $25,788 net activity. 600 shares were sold by ROSEBERRY ROBERT W, worth $18,978 on Friday, August 26. $75,100 worth of shares were sold by Barker Stephen E. on Thursday, July 28. EXNICIOS JOSEH S also bought $26,241 worth of Hancock Holding Company (NASDAQ:HBHC) shares. 755 shares were sold by Kendricks Samuel B, worth $22,812. $132,689 worth of shares were bought by SCHLOEGEL GEORGE A on Thursday, August 4.

More news for Hancock Holding Company (NASDAQ:HBHC) were recently published by: Finance.Yahoo.com, which released: “Hancock Holding Company to announce third quarter 2016 financial results …” on September 27, 2016. Twst.com‘s article titled: “Hancock Holding Company: Hancock reports third quarter 2016 EPS of $.59” and published on October 18, 2016 is yet another important article.

HBHC Company Profile

Hancock Holding Company (Hancock), incorporated on April 6, 1984, is a financial services firm that provides a network of service financial choices to the Gulf South region through its bank subsidiary, Whitney Bank, a Mississippi state bank. The Firm operates through overall banking activities segment. Whitney Bank operates under brands, such as Hancock Bank in Mississippi, Alabama and Florida and Whitney Bank in Louisiana and Texas. The Bank operates across the Gulf South region comprising southern Mississippi; southern and central Alabama; southern Louisiana; the northern, central, and panhandle regions of Florida; Houston, Texas, and Nashville, Tennessee. The Bank offers a range of traditional and online community banking services to commercial, small business and retail customers, providing a variety of transaction and savings deposit products, treasury management services, investment brokerage services, secured and unsecured loan products (including revolving credit facilities), and letters of credit and similar financial guarantees. The Bank also provides trust and investment management services to retirement plans, firms and individuals.

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