The stock of Hancock Holding Company (NASDAQ:HBHC) is a huge mover today! About 499,948 shares traded hands. Hancock Holding Company (NASDAQ:HBHC) has risen 29.46% since March 2, 2016 and is uptrending. It has outperformed by 21.21% the S&P500.
The move comes after 8 months positive chart setup for the $2.56 billion company. It was reported on Oct, 5 by Barchart.com. We have $40.65 PT which if reached, will make NASDAQ:HBHC worth $588.80 million more.
Analysts await Hancock Holding Company (NASDAQ:HBHC) to report earnings on October, 27. They expect $0.58 earnings per share, up 11.54% or $0.06 from last year’s $0.52 per share. HBHC’s profit will be $44.93 million for 14.25 P/E if the $0.58 EPS becomes a reality. After $0.59 actual earnings per share reported by Hancock Holding Company for the previous quarter, Wall Street now forecasts -1.69% negative 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. The company was downgraded on Monday, September 19 by SunTrust. The rating was maintained by Wood on Friday, April 8 with “Market Perform”. The stock has “Sector Perform” rating given by RBC Capital Markets on Friday, December 18. The stock of Hancock Holding Company (NASDAQ:HBHC) has “Market Perform” rating given on Tuesday, March 29 by Hovde Group. On Friday, July 22 the stock rating was upgraded by Bank of America to “Neutral”. The stock of Hancock Holding Company (NASDAQ:HBHC) earned “Neutral” rating by Piper Jaffray on Tuesday, December 8. FIG Partners upgraded the shares of HBHC in a report on Monday, August 31 to “Outperform” rating. The stock has “Neutral” rating given by Suntrust Robinson on Monday, September 19. On Wednesday, December 9 the stock rating was downgraded by Stephens to “Equal-Weight”. The company was upgraded on Monday, May 9 by Raymond James.
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 increased to 1.3 in 2016 Q2. Its up 0.21, from 1.09 in 2016Q1. The ratio is positive, 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.
Commonwealth Equity Inc last reported 0.01% of its portfolio in the stock. Moreover, Benjamin F Edwards has 0% invested in Hancock Holding Company (NASDAQ:HBHC) for 67 shares. Blackrock Institutional Na has invested 0.01% of its portfolio in Hancock Holding Company (NASDAQ:HBHC). Weaver C Barksdale Assocs holds 0.01% or 135 shares in its portfolio. The Illinois-based First Tru Advsr Lp has invested 0.01% in Hancock Holding Company (NASDAQ:HBHC). Synovus holds 0% or 1,661 shares in its portfolio. Pitcairn has invested 0.06% of its portfolio in Hancock Holding Company (NASDAQ:HBHC). The Maryland-based Proshare Advisors Limited Liability Com has invested 0.01% in Hancock Holding Company (NASDAQ:HBHC). Fayez Sarofim And Co reported 23,743 shares or 0% of all its holdings. Blackrock Mngmt Ltd Limited Liability Company has invested 0.02% of its portfolio in Hancock Holding Company (NASDAQ:HBHC). Bluecrest holds 0.01% of its portfolio in Hancock Holding Company (NASDAQ:HBHC) for 10,119 shares. Louisiana State Employees Retirement Systems accumulated 20,600 shares or 0.03% of the stock. Bradley Foster Sargent Ct, a Connecticut-based fund reported 10,500 shares. Swiss Retail Bank accumulated 130,900 shares or 0.01% of the stock. Retirement Sys Of Alabama, a Alabama-based fund reported 99,990 shares.
Insider Transactions: Since May 5, 2016, the stock had 2 insider purchases, and 4 sales for $25,788 net activity. On Friday, September 2 the insider Kendricks Samuel B sold $16,252. Another trade for 1,075 shares valued at $26,241 was bought by EXNICIOS JOSEH S. On Friday, August 26 the insider ROSEBERRY ROBERT W sold $18,978. 4,633 shares with value of $132,689 were bought by SCHLOEGEL GEORGE A on Thursday, August 4. Barker Stephen E. sold $75,100 worth of Hancock Holding Company (NASDAQ:HBHC) on Thursday, July 28.
More important recent Hancock Holding Company (NASDAQ:HBHC) news were published by: Globenewswire.com which released: “Hancock Holding Company Names Chip Knight as Chief Banking Officer” on July 28, 2016, also Finance.Yahoo.com published article titled: “Hancock Holding Company to announce third quarter 2016 financial results …”, Zacks.com published: “Why the Earnings Streak Will Continue for Hancock Holding Company (HBHC)” on August 24, 2016. More interesting news about Hancock Holding Company (NASDAQ:HBHC) was released by: Globenewswire.com and their article: “Hancock Holding Company Appoints Lundgren as Chief Investment Officer” with publication date: August 11, 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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