Price Action Alert: What’s Next for Hancock Holding Company After Today’s Big Increase?

Price Action Alert: What's Next for Hancock Holding Company After Today's Big Increase?

The stock of Hancock Holding Company (NASDAQ:HBHC) is a huge mover today! About 433,364 shares traded hands. Hancock Holding Company (NASDAQ:HBHC) has risen 61.42% since April 18, 2016 and is uptrending. It has outperformed by 56.99% the S&P500.
The move comes after 7 months positive chart setup for the $3.24B company. It was reported on Nov, 18 by Barchart.com. We have $51.35 PT which if reached, will make NASDAQ:HBHC worth $842.40M more.

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 of Hancock Holding Company (NASDAQ:HBHC) earned “Neutral” rating by SunTrust on Monday, September 19. The stock of Hancock Holding Company (NASDAQ:HBHC) earned “Outperform” rating by FIG Partners on Monday, August 31. Raymond James upgraded the stock to “Outperform” rating in Monday, May 9 report. Piper Jaffray initiated the shares of HBHC in a report on Tuesday, December 8 with “Neutral” rating. Hovde Group downgraded the shares of HBHC in a report on Tuesday, March 29 to “Market Perform” rating. RBC Capital Markets maintained it with “Sector Perform” rating and $25 target price in Friday, December 18 report. On Wednesday, December 9 the stock rating was downgraded by Stephens to “Equal-Weight”. On Monday, September 19 the stock rating was downgraded by Suntrust Robinson to “Neutral”. On Friday, July 22 the stock rating was upgraded by Bank of America to “Neutral”. The rating was maintained by Wood on Friday, April 8 with “Market Perform”.

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 decreased to 1.03 in Q2 2016. Its down 0.27, from 1.3 in 2016Q1. The ratio is negative, 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.
The Louisiana-based Waters Parkerson Ltd Liability has invested 0.14% in Hancock Holding Company (NASDAQ:HBHC). Moreover, Metropolitan Life Com Ny has 0.02% invested in Hancock Holding Company (NASDAQ:HBHC) for 126,232 shares. Stratos Wealth Partners holds 89,911 shares or 0.17% of its portfolio. Jacobs Levy Equity Management Incorporated holds 0.02% of its portfolio in Hancock Holding Company (NASDAQ:HBHC) for 45,200 shares. Ngam Advsrs Limited Partnership has 0.01% invested in the company for 23,116 shares. Schneider Cap Mgmt Corporation has 46,477 shares for 0.23% of their US portfolio. Aperio Group Ltd Co holds 81,656 shares or 0.02% of its portfolio. Advantus Mngmt last reported 9,387 shares in the company. Amalgamated Natl Bank has 9,614 shares for 0.02% of their US portfolio. Princeton Alpha Management L P has 16,836 shares for 0.08% of their US portfolio. Panagora Asset, a Massachusetts-based fund reported 642 shares. State Treasurer State Of Michigan last reported 31,100 shares in the company. Dreman Value Mgmt L L C last reported 455 shares in the company. Texas Permanent School Fund accumulated 0.02% or 59,269 shares. Tiaa Cref Investment Limited Com has 0% invested in the company for 242,983 shares.

Insider Transactions: Since July 28, 2016, the stock had 1 insider purchase, and 5 selling transactions for $459,475 net activity. Shares for $16,252 were sold by Kendricks Samuel B. 600 shares were sold by ROSEBERRY ROBERT W, worth $18,978 on Friday, August 26. On Thursday, July 28 Barker Stephen E. sold $75,100 worth of the stock or 2,550 shares. SCHLOEGEL GEORGE A had bought 4,633 shares worth $132,689. Phillips Joy L sold $459,022 worth of Hancock Holding Company (NASDAQ:HBHC) on Thursday, November 10.

Another recent and important Hancock Holding Company (NASDAQ:HBHC) news was published by Globenewswire.com which published an article titled: “Hancock Holding Company Names Chip Knight as Chief Banking Officer” on July 28, 2016.

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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