Noteworthy Price Action: Hancock Holding Company’s Trend Up, Especially After Today’s 52-Week High Milestone

Noteworthy Price Action: Hancock Holding Company's Trend Up, Especially After Today's 52 Week High Milestone

The stock of Hancock Holding Company (NASDAQ:HBHC) hit a new 52-week high and has $43.16 target or 3.00% above today’s $41.90 share price. The 7 months bullish chart indicates low risk for the $3.39 billion company. The 1-year high was reported on Dec, 1 by If the $43.16 price target is reached, the company will be worth $101.70M 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 433,775 shares traded hands. Hancock Holding Company (NASDAQ:HBHC) has risen 59.87% since April 28, 2016 and is uptrending. It has outperformed by 53.94% the S&P500.

Analysts await Hancock Holding Company (NASDAQ:HBHC) to report earnings on January, 19. They expect $0.62 EPS, up 226.32% or $0.43 from last year’s $0.19 per share. HBHC’s profit will be $50.16M for 16.90 P/E if the $0.62 EPS becomes a reality. After $0.59 actual EPS reported by Hancock Holding Company for the previous quarter, Wall Street now forecasts 5.08% 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. Wood maintained the shares of HBHC in a report on Friday, April 8 with “Market Perform” rating. The firm has “Neutral” rating by SunTrust given on Monday, September 19. RBC Capital Markets maintained the stock with “Sector Perform” rating in Friday, December 18 report. The stock has “Market Perform” rating given by Hovde Group on Tuesday, March 29. The stock has “Neutral” rating given by Suntrust Robinson on Monday, September 19. The rating was upgraded by Stephens to “Overweight” on Friday, July 24. On Wednesday, December 9 the stock rating was downgraded by Stephens to “Equal-Weight”. The rating was upgraded by Raymond James on Monday, May 9 to “Outperform”. As per Monday, August 31, the company rating was upgraded by FIG Partners. Piper Jaffray initiated it with “Neutral” rating and $29.0 target price in Tuesday, December 8 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 fall, 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.
Bnp Paribas Inv Prtnrs Sa last reported 0% of its portfolio in the stock. Moreover, Ubs Asset Americas has 0% invested in Hancock Holding Company (NASDAQ:HBHC) for 71,458 shares. Bancorporation Of Montreal Can, a Ontario – Canada-based fund reported 5,424 shares. Signaturefd Llc last reported 191 shares in the company. Price T Rowe Assoc Md last reported 16,760 shares in the company. Comerica Bancorporation reported 161,737 shares or 0.04% of all its holdings. Moreover, Schwab Charles Invest Management has 0.01% invested in Hancock Holding Company (NASDAQ:HBHC) for 352,662 shares. Moreover, Ameriprise Fincl has 0.01% invested in Hancock Holding Company (NASDAQ:HBHC) for 401,914 shares. Voya Inv Mgmt Ltd last reported 33,983 shares in the company. Macquarie Grp Ltd has 0.13% invested in the company for 2.51 million shares. Fisher Asset Ltd owns 522,612 shares or 0.03% of their US portfolio. Apg Asset Management Nv accumulated 167,605 shares or 0.01% of the stock. D E Shaw And Company reported 52,828 shares or 0% of all its holdings. Orleans Mngmt La, a Louisiana-based fund reported 118,511 shares. The Massachusetts-based Liberty Mutual Group Asset Mngmt has invested 0.03% in Hancock Holding Company (NASDAQ:HBHC).

Insider Transactions: Since July 28, 2016, the stock had 1 insider purchase, and 5 sales for $459,475 net activity. On Friday, September 2 Kendricks Samuel B sold $16,252 worth of the stock or 500 shares. The insider ROSEBERRY ROBERT W sold 600 shares worth $18,978. $75,100 worth of Hancock Holding Company (NASDAQ:HBHC) was sold by Barker Stephen E. on Thursday, July 28. Phillips Joy L sold $459,022 worth of Hancock Holding Company (NASDAQ:HBHC) on Thursday, November 10. SCHLOEGEL GEORGE A had bought 4,633 shares worth $132,689 on Thursday, August 4.

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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