The stock of Hancock Holding Company (NASDAQ:HBHC) hit a new 52-week high and has $54.25 target or 55.00% above today’s $35.00 share price. The 8 months bullish chart indicates low risk for the $2.71B company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $54.25 price target is reached, the company will be worth $1.49 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 110,816 shares traded hands. Hancock Holding Company (NASDAQ:HBHC) has risen 54.33% since April 7, 2016 and is uptrending. It has outperformed by 49.55% the S&P500.
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 firm has “Sector Perform” rating by RBC Capital Markets given on Friday, December 18. On Monday, September 19 the stock rating was downgraded by Suntrust Robinson to “Neutral”. Bank of America upgraded Hancock Holding Company (NASDAQ:HBHC) on Friday, July 22 to “Neutral” rating. The company was downgraded on Wednesday, December 9 by Stephens. The stock of Hancock Holding Company (NASDAQ:HBHC) earned “Overweight” rating by Stephens on Friday, July 24. FIG Partners upgraded the shares of HBHC in a report on Monday, August 31 to “Outperform” rating. SunTrust downgraded Hancock Holding Company (NASDAQ:HBHC) on Monday, September 19 to “Neutral” rating. The firm has “Market Perform” rating given on Tuesday, March 29 by Hovde Group. The firm earned “Outperform” rating on Monday, May 9 by Raymond James. The firm has “Market Perform” rating by Wood given on Friday, April 8.
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 Q2 2016. 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.
Suntrust Banks has invested 0% of its portfolio in Hancock Holding Company (NASDAQ:HBHC). Balyasny Asset Management Ltd Liability Corp accumulated 343,604 shares or 0.06% of the stock. Prudential Inc reported 619,216 shares or 0.03% of all its holdings. Mutual Of America Capital Limited Co accumulated 0.03% or 59,008 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt has 0.01% invested in the company for 14,919 shares. Rs Investment Mgmt Communication Limited Liability accumulated 0.22% or 837,213 shares. Teachers holds 0.01% of its portfolio in Hancock Holding Company (NASDAQ:HBHC) for 124,707 shares. National Bank & Trust Of America Corporation De accumulated 342,001 shares or 0% of the stock. Aqr Capital Mngmt Limited reported 15,960 shares or 0% of all its holdings. Cramer Rosenthal Mcglynn Limited Liability Corp last reported 1.92 million shares in the company. Signaturefd Ltd Limited Liability Company has invested 0% of its portfolio in Hancock Holding Company (NASDAQ:HBHC). Advisory Svcs Network Limited Co has 0% invested in the company for 99 shares. Dean Inv Associate Limited Liability Corporation holds 1.05% or 204,966 shares in its portfolio. Apg Asset Mgmt Nv holds 0.01% of its portfolio in Hancock Holding Company (NASDAQ:HBHC) for 167,605 shares. Tiaa Cref Mngmt Limited Liability Company accumulated 242,983 shares or 0% of the stock.
Insider Transactions: Since July 28, 2016, the stock had 1 insider purchase, and 4 insider sales for $453 net activity. Barker Stephen E. sold $75,100 worth of Hancock Holding Company (NASDAQ:HBHC) on Thursday, July 28. Another trade for 600 shares valued at $18,978 was made by ROSEBERRY ROBERT W on Friday, August 26. Shares for $16,252 were sold by Kendricks Samuel B. The insider SCHLOEGEL GEORGE A bought $132,689.
More news for Hancock Holding Company (NASDAQ:HBHC) were recently published by: Globenewswire.com, which released: “Hancock Holding Company Names Chip Knight as Chief Banking Officer” on July 28, 2016. Globenewswire.com‘s article titled: “Hancock Appoints New Directors to Its Holding Company Board” and published on October 28, 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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