Hancock Holding Company (HBHC) : Traders are bullish on Hancock Holding Company (HBHC) as it has outperformed the S&P 500 by a wide margin of 4.31% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.16%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.13% in the last 1 week, and is up 4.71% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Hancock Holding Company is up 19.18% in the last 3-month period. Year-to-Date the stock performance stands at 26.9%. The stock has recorded a 20-day Moving Average of 4.8% and the 50-Day Moving Average is 12.98%.
Hancock Holding Company (NASDAQ:HBHC): The stock opened at $31.37 on Friday but the bulls could not build on the opening and the stock topped out at $31.65 for the day. The stock traded down to $31.23 during the day, due to lack of any buying support eventually closed down at $31.34 with a loss of -0.54% for the day. The stock had closed at $31.51 on the previous day. The total traded volume was 613,968 shares.
Also, Equity analysts at the Brokerage firm Morgan Stanley maintains its rating on Hancock Holding Company (NASDAQ:HBHC). The rating major has initiated the coverage with equal-weight rating on the shares. The Analysts at Morgan Stanley raises the price target from $28 per share to $30 per share. The rating by the firm was issued on August 1, 2016.
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.