Analyst Rating Update on Hancock Holding Company (HBHC)

Hancock Holding Company (HBHC) : The consensus on Hancock Holding Company (HBHC) based on 9 analyst recommendation on the company stock is 2.67, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 1 which endorses a Strong Buy on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 7 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Hancock Holding Company (HBHC) stock is expected to deviate a maximum of $2.71 from the average target price of $30.36 for the short term period. 9 Street Experts have initiated coverage on the stock with the most promising target being $34 and the most muted being $26.

Company shares have received an average consensus rating of Hold for the current week


Hancock Holding Company (NASDAQ:HBHC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.25 and $28.18 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.80. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.64, notching a gain of 1.49% for the day. The total traded volume was 1,086,341 . The stock had closed at $28.22 on the previous day.

Hancock Holding Company (Hancock) is a financial services company that provides a network of service financial choices to the Gulf South region through its bank subsidiary, Whitney Bank, a Mississippi state bank. Whitney Bank operates under brands: Hancock Bank in Mississippi, Alabama and Florida and Whitney Bank in Louisiana and Texas. The Bank operates across the Gulf South region consisting of southern Mississippi; southern and central Alabama; southern Louisiana; the northern, central, and panhandle regions of Florida, and Houston, Texas. 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, and letters of credit and financial guarantees. It also provides trust and investment management services to retirement plans, corporations and individuals.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.