The stock of Hancock Holding Company (NASDAQ:HBHC) hit a new 52-week high and has $53.43 target or 33.00% above today’s $40.17 share price. The 7 months bullish chart indicates low risk for the $3.11B company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $53.43 price target is reached, the company will be worth $1.03B 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 676,477 shares traded hands or 24.11% up from the average. Hancock Holding Company (NASDAQ:HBHC) has risen 58.35% since April 15, 2016 and is uptrending. It has outperformed by 53.73% 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. The firm has “Equal-Weight” rating by Stephens given on Wednesday, December 9. Raymond James upgraded Hancock Holding Company (NASDAQ:HBHC) on Monday, May 9 to “Outperform” rating. SunTrust downgraded Hancock Holding Company (NASDAQ:HBHC) on Monday, September 19 to “Neutral” rating. The firm earned “Neutral” rating on Monday, September 19 by Suntrust Robinson. The stock has “Market Perform” rating given by Wood on Friday, April 8. The stock of Hancock Holding Company (NASDAQ:HBHC) has “Outperform” rating given on Monday, August 31 by FIG Partners. Stephens upgraded the shares of HBHC in a report on Friday, July 24 to “Overweight” rating. Piper Jaffray initiated the shares of HBHC in a report on Tuesday, December 8 with “Neutral” rating. The stock has “Neutral” rating given by Bank of America on Friday, July 22. RBC Capital Markets maintained the shares of HBHC in a report on Friday, December 18 with “Sector Perform” rating.
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 Q2 2016. Its up 0.21, from 1.09 in 2016Q1. The ratio increased, 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.
Clearbridge Limited Liability Company reported 324,209 shares or 0.17% of all its holdings. Teton Advisors Inc holds 0.04% of its portfolio in Hancock Holding Company (NASDAQ:HBHC) for 15,000 shares. Pitcairn reported 18,905 shares or 0.06% of all its holdings. Blackrock Group has 59,698 shares for 0% of their US portfolio. The North Carolina-based Natl Bank Of America De has invested 0% in Hancock Holding Company (NASDAQ:HBHC). The Pennsylvania-based Commonwealth Of Pennsylvania Public School Empls Retrmt System has invested 0.01% in Hancock Holding Company (NASDAQ:HBHC). Forest Hill Cap Limited Co owns 771,101 shares or 2.7% of their US portfolio. Gemmer Asset Management Limited Co, a California-based fund reported 142 shares. Voya Investment Management Ltd Liability Corporation has 0% invested in the company for 33,983 shares. Jacobs Levy Equity Mngmt reported 45,200 shares or 0.02% of all its holdings. Dean Capital Management has invested 2.23% of its portfolio in Hancock Holding Company (NASDAQ:HBHC). Moreover, Qcm Cayman Limited has 0.09% invested in Hancock Holding Company (NASDAQ:HBHC) for 8,208 shares. Moreover, Deprince Race And Zollo has 0.79% invested in Hancock Holding Company (NASDAQ:HBHC) for 1.50 million shares. Schneider Cap Mgmt Corp last reported 0.23% of its portfolio in the stock. Chickasaw Capital Mngmt Ltd accumulated 0.04% or 58,809 shares.
Insider Transactions: Since July 28, 2016, the stock had 1 buying transaction, and 5 sales for $459,475 net activity. $22,812 worth of Hancock Holding Company (NASDAQ:HBHC) was sold by Kendricks Samuel B on Friday, August 5. Barker Stephen E. also sold $75,100 worth of Hancock Holding Company (NASDAQ:HBHC) on Thursday, July 28. Shares for $459,022 were sold by Phillips Joy L on Thursday, November 10. SCHLOEGEL GEORGE A bought $132,689 worth of stock or 4,633 shares. On Friday, August 26 the insider ROSEBERRY ROBERT W sold $18,978.
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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