Price Action Don’t Lie: Hancock Holding Company Just Reaches 52-Week High?

Price Action Don't Lie: Hancock Holding Company Just Reaches 52 Week High?

The stock of Hancock Holding Company (NASDAQ:HBHC) hit a new 52-week high and has $44.47 target or 9.00% above today’s $40.80 share price. The 9 months bullish chart indicates low risk for the $3.17B company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $44.47 price target is reached, the company will be worth $285.30 million 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 144,343 shares traded hands. Hancock Holding Company (NASDAQ:HBHC) has risen 56.74% since April 20, 2016 and is uptrending. It has outperformed by 52.18% 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. As per Friday, April 8, the company rating was maintained by Wood. The stock of Hancock Holding Company (NASDAQ:HBHC) earned “Outperform” rating by Raymond James on Monday, May 9. Piper Jaffray initiated the shares of HBHC in a report on Tuesday, December 8 with “Neutral” rating. The firm has “Sector Perform” rating given on Friday, December 18 by RBC Capital Markets. As per Friday, July 24, the company rating was upgraded by Stephens. The stock has “Neutral” rating given by Suntrust Robinson on Monday, September 19. SunTrust downgraded the stock to “Neutral” rating in Monday, September 19 report. The firm earned “Outperform” rating on Monday, August 31 by FIG Partners. As per Wednesday, December 9, the company rating was downgraded by Stephens. Bank of America upgraded the stock to “Neutral” rating in Friday, July 22 report.

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 worsened, 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.
Retirement Of Alabama last reported 0.02% of its portfolio in the stock. Federated Pa holds 0% or 44,322 shares in its portfolio. Blackrock Fund Advisors, a California-based fund reported 3.87M shares. The New York-based Teachers Advisors has invested 0.01% in Hancock Holding Company (NASDAQ:HBHC). Ameritas Invest Prtn Inc, a Nebraska-based fund reported 18,267 shares. Balyasny Asset Mngmt Lc owns 343,604 shares or 0.06% of their US portfolio. Old Mutual Glob Investors (Uk) holds 18,273 shares or 0.01% of its portfolio. Dimensional Fund Advsr L P last reported 5.15 million shares in the company. Kbc Gp Nv has invested 0% of its portfolio in Hancock Holding Company (NASDAQ:HBHC). Great West Life Assurance Can holds 0% or 7,873 shares in its portfolio. Thrivent For Lutherans last reported 0.05% of its portfolio in the stock. Waters Parkerson Communications Ltd Llc last reported 0.14% of its portfolio in the stock. Independent Consultants, a Florida-based fund reported 1,205 shares. Sei Com holds 0% of its portfolio in Hancock Holding Company (NASDAQ:HBHC) for 10,360 shares. Advsr Asset Mgmt Incorporated accumulated 2,000 shares or 0% of the stock.

Insider Transactions: Since July 28, 2016, the stock had 1 insider buy, and 5 sales for $459,475 net activity. On Thursday, July 28 Barker Stephen E. sold $75,100 worth of the stock or 2,550 shares. The insider Kendricks Samuel B sold 755 shares worth $22,812. SCHLOEGEL GEORGE A also bought $132,689 worth of Hancock Holding Company (NASDAQ:HBHC) shares. On Friday, August 26 the insider ROSEBERRY ROBERT W sold $18,978. Phillips Joy L sold $459,022 worth of stock.

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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