Could Hancock Holding Company (HBHC) Skyrocket Even More? The Stock Just Made 52-Week High

January 18, 2018 - By Kurt Siggers

Investors sentiment decreased to 1.1 in 2017 Q3. Its down 0.15, from 1.25 in 2017Q2. It dropped, 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.
Panagora Asset Management Inc owns 3,928 shares. Indexiq Advsrs Limited Liability Corp, a New York-based fund reported 19,027 shares. Dimensional Fund Advisors L P invested 0.11% in Hancock Holding Company (NASDAQ:HBHC). Ing Groep Nv accumulated 10,379 shares. Aviance Cap Mgmt Ltd Limited Liability Company invested in 0% or 123 shares. Howe & Rusling, New York-based fund reported 26 shares. Waters Parkerson & Co Lc holds 0.19% or 45,402 shares. 26,801 are owned by Deprince Race And Zollo Inc. Breton Hill Capital Ltd reported 5,719 shares. Martingale Asset L P owns 29,525 shares or 0.02% of their US portfolio. Walleye Trading Limited Company holds 7,078 shares or 0% of its portfolio. 11,862 are owned by Robeco Institutional Asset Mgmt Bv. Morgan Stanley accumulated 442,994 shares. Tudor Corporation Et Al has 8,044 shares. Cwm owns 0% invested in Hancock Holding Company (NASDAQ:HBHC) for 30 shares.

Since August 10, 2017, it had 0 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 $59.71 target or 7.00 % above today’s $55.80 share price. The 5 months bullish chart indicates low risk for the $4.75 billion company. The 1-year high was reported on Jan, 18 by Barchart.com. If the $59.71 price target is reached, the company will be worth $332.71 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.

The stock increased 2.48% or $1.35 during the last trading session, reaching $55.8. About 445,743 shares traded. Hancock Holding Company (NASDAQ:HBHC) has risen 80.63% since January 18, 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 had 42 analyst reports since July 24, 2015 according to SRatingsIntel. Wood upgraded the stock to “Outperform” rating in Monday, August 21 report. SunTrust maintained Hancock Holding Company (NASDAQ:HBHC) on Monday, January 8 with “Hold” rating. The rating was upgraded by Sandler O’Neill to “Buy” on Thursday, January 4. The stock has “Mkt Outperform” rating by JMP Securities on Thursday, February 2. Wood maintained Hancock Holding Company (NASDAQ:HBHC) on Friday, April 8 with “Market Perform” rating. SunTrust downgraded the stock to “Neutral” rating in Monday, September 19 report. On Thursday, October 19 the stock rating was maintained by SunTrust with “Hold”. On Friday, July 22 the stock rating was upgraded by Bank of America to “Neutral”. On Friday, July 24 the stock rating was upgraded by Stephens to “Overweight”. Keefe Bruyette & Woods maintained Hancock Holding Company (NASDAQ:HBHC) rating on Friday, August 11. Keefe Bruyette & Woods has “Hold” rating and $5000 target.

More important recent Hancock Holding Company (NASDAQ:HBHC) news were published by: Nasdaq.com which released: “Hancock Holding (HBHC) Beats on Q4 Earnings, Provisions Up” on January 18, 2018, also Nasdaq.com published article titled: “Hancock Holding Buys Capital One’s Asset Management Business”, Globenewswire.com published: “Hancock reports fourth quarter 2017 EPS of $.64” on January 17, 2018. More interesting news about Hancock Holding Company (NASDAQ:HBHC) was released by: Globenewswire.com and their article: “Hancock Holding Company to announce fourth quarter 2017 financial results …” with publication date: December 22, 2017.

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 22.5 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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