A Reversal for Hancock Holding Company (HBHC) Is Not Near. The Stock Reaches 52-Week High Today

January 22, 2018 - By Stephen Andrade

Investors sentiment decreased to 1.1 in Q3 2017. Its down 0.15, from 1.25 in 2017Q2. It dived, as 22 investors sold Hancock Holding Company shares while 69 reduced holdings. 29 funds opened positions while 71 raised stakes. 64.18 million shares or 0.04% less from 64.20 million shares in 2017Q2 were reported.
Moreover, Pinebridge Investments Ltd Partnership has 0.05% invested in Hancock Holding Company (NASDAQ:HBHC). Lpl Ltd Co reported 11,445 shares or 0% of all its holdings. Qs Invsts Ltd Liability Corp has 0.02% invested in Hancock Holding Company (NASDAQ:HBHC). Howe And Rusling Inc reported 0% stake. Suntrust Banks reported 8,996 shares. Ameritas Partners Inc accumulated 32,553 shares. Laurion Cap Mgmt Limited Partnership holds 0.01% of its portfolio in Hancock Holding Company (NASDAQ:HBHC) for 49,900 shares. Schwab Charles Mgmt has 567,792 shares. Profund Advsrs owns 12,536 shares. 936,245 were reported by Wells Fargo And Mn. Dalton Greiner Hartman Maher & holds 0.98% of its portfolio in Hancock Holding Company (NASDAQ:HBHC) for 361,005 shares. 227,333 are owned by Tiaa Cref Inv Mngmt Ltd Liability. Nj State Employees Deferred Compensation Plan reported 0.11% of its portfolio in Hancock Holding Company (NASDAQ:HBHC). New York State Teachers Retirement Sys holds 0.02% or 177,581 shares. Retirement Of Alabama invested in 0.03% or 109,343 shares.

Since August 10, 2017, it had 0 insider buys, and 1 insider sale for $101,041 activity.

The stock of Hancock Holding Company (NASDAQ:HBHC) hit a new 52-week high and has $60.73 target or 9.00 % above today’s $55.72 share price. The 5 months bullish chart indicates low risk for the $4.75 billion company. The 1-year high was reported on Jan, 22 by Barchart.com. If the $60.73 price target is reached, the company will be worth $427.23M 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.

The stock decreased 0.67% or $0.38 during the last trading session, reaching $55.72. About 138,096 shares traded. Hancock Holding Company (NASDAQ:HBHC) has risen 80.63% since January 22, 2017 and is uptrending. It has outperformed by 63.93% the S&P500.

Hancock Holding Company (NASDAQ:HBHC) Ratings Coverage

Among 15 analysts covering Hancock Holding Company (NASDAQ:HBHC), 10 have Buy rating, 0 Sell and 5 Hold. Therefore 67% are positive. Hancock Holding Company has $63.0 highest and $25 lowest target. $49.45’s average target is -11.25% below currents $55.72 stock price. Hancock Holding Company had 47 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, September 21 by Keefe Bruyette & Woods. The stock has “Hold” rating by SunTrust on Monday, January 8. Piper Jaffray maintained Hancock Holding Company (NASDAQ:HBHC) rating on Wednesday, August 23. Piper Jaffray has “Buy” rating and $52.0 target. The firm has “Hold” rating by Jefferies given on Friday, September 15. SunTrust maintained the shares of HBHC in report on Thursday, October 19 with “Hold” rating. The firm has “Hold” rating given on Thursday, January 18 by SunTrust. The firm has “Hold” rating given on Friday, June 9 by Jefferies. The company was reinitiated on Thursday, October 5 by PiperJaffray. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Friday, January 19 report. The stock has “Overweight” rating by Stephens on Friday, July 24.

More notable recent Hancock Holding Company (NASDAQ:HBHC) news were published by: Nasdaq.com which released: “The Zacks Analyst Blog Highlights: Associated Banc-Corp, Hancock Holding …” on January 08, 2018, also Nasdaq.com with their article: “Hancock Holding (HBHC) Beats on Q4 Earnings, Provisions Up” published on January 18, 2018, Streetinsider.com published: “Form 8-K HANCOCK HOLDING CO For: Jan 09” on January 09, 2018. More interesting news about Hancock Holding Company (NASDAQ:HBHC) were released by: Globenewswire.com and their article: “Hancock reports fourth quarter 2017 EPS of $.64” published on January 17, 2018 as well as Seekingalpha.com‘s news article titled: “Hancock Holding’s (HBHC) CEO John Hairston on Q4 2017 Results – Earnings Call …” with publication date: January 18, 2018.

Hancock Holding Company operates as the bank holding firm for Whitney Bank that provides a range of community banking services to commercial, small business, and retail customers. The company has market cap of $4.75 billion. The firm offers various deposit products, including noninterest-bearing demand deposits, interest-bearing transaction accounts, savings accounts, money market deposit accounts, and time deposit accounts. It has a 22.47 P/E ratio. It also provides commercial and industrial; commercial real estate; construction and land development; and residential mortgages, including fixed and adjustable rate loans; and consumer loans comprising second lien mortgage home loans, home equity lines of credit, and nonresidential consumer purpose loans.

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