Hancock Holding Company (HBHC) Receives Price Target

Hancock Holding Company (HBHC) : 9 Wall Street analysts covering Hancock Holding Company (HBHC) believe that the average level the stock could reach for the short term is $30.36. The maximum price target given is $34 and the minimum target for short term is around $26, hence the standard deviation is calculated at $2.71.

Hancock Holding Company (HBHC) : Zacks Investment Research ranks Hancock Holding Company (HBHC) as 2, which is a Buy recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 7 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 9 research analysts is 2.67, which indicates as a Hold.


Also, Major Brokerage house, Morgan Stanley maintains its ratings on Hancock Holding Company (NASDAQ:HBHC). In the latest research report, Morgan Stanley raises the target price from $28 per share to $30 per share. According to the latest information available, the shares are now rated Equal-weight by the analysts at the agency. The rating by the firm was issued on August 1, 2016.

Hancock Holding Company (NASDAQ:HBHC): The stock opened at $32.41 on Thursday but the bulls could not build on the opening and the stock topped out at $32.65 for the day. The stock traded down to $31.71 during the day, due to lack of any buying support eventually closed down at $32.08 with a loss of -1.69% for the day. The stock had closed at $32.63 on the previous day. The total traded volume was 564,745 shares.

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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