Hancock Holding Company (HBHC) : 9 analysts are covering Hancock Holding Company (HBHC) and their average rating on the stock is 2.67, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Hancock Holding Company (HBHC) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 1, which recommends a Strong Buy affirms that they expect a large upside in the stock from the current levels. A total of 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Hancock Holding Company (HBHC) : Currently there are 9 street experts covering Hancock Holding Company (HBHC) stock. The most bullish and bearish price target for the stock is $34 and $26 respectively for the short term. The average price target of all the analysts comes to $30.36. The estimated standard deviation from the target is $2.71.
Company shares have received an average consensus rating of Hold for the current week Hancock Holding Company (NASDAQ:HBHC): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $30.34 and $30.13 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $30.45. The buying momentum continued till the end and the stock did not give up its gains. It closed at $30.28, notching a gain of 0.30% for the day. The total traded volume was 462,092 . The stock had closed at $30.19 on the previous day.
In a related news, The officer (Chief Credit Risk Officer), of Hancock Holding Co, Kendricks Samuel B had unloaded 755 shares at $30.21 per share in a transaction on August 5, 2016. The total value of transaction was $22,809. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
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.