Bank of America Upgrades Hancock Holding Company to Neutral

Brokerage firm Bank of America Upgrades its rating on Hancock Holding Company(NASDAQ:HBHC). The shares have been rated Neutral. Previously, the analysts had a Underperform rating on the shares. The rating by Bank of America was issued on Jul 22, 2016.

In a different note, On May 9, 2016, Raymond James said it Upgrades its rating on Hancock Holding Company. The shares have been rated ‘Outperform’ by the firm.

Hancock Holding Company (HBHC) shares turned negative on Thursdays trading session with the shares closing down -0.19 points or -0.64% at a volume of 8,69,267. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $29.73. The peak price level was also seen at $29.73 while the days lowest was $29.26. Finally the shares closed at $29.53. The 52-week high of the shares is $30.96 while the 52-week low is $20.01. According to the latest information available, the market cap of the company is $2,289 M.

Hancock Holding Company(HBHC) last announced its earnings results on Jul 20, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $234.86M. Analysts had an estimated revenue of $229.16M. Earnings per share were $0.59. Analysts had estimated an EPS of $0.45.

Several Insider Transactions has been reported to the SEC. On May 6, 2016, Joseh S Exnicios (President – Whitney Bank) purchased 1,075 shares at $24.41 per share price.Also, On Feb 4, 2016, John M Hairston (CEO) purchased 4,153 shares at $23.11 per share price.On Jan 29, 2016, Michael M Achary (CFO) purchased 1,345 shares at $23.62 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

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