Hancock Holding Company (HBHC) : Traders are bullish on Hancock Holding Company (HBHC) as it has outperformed the S&P 500 by a margin of 11.43% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 7.08%, 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 7.74% in the last 1 week, and is up 18.96% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Hancock Holding Company (NASDAQ:HBHC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $29.75 and $29.49 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $30.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $29.93, notching a gain of 1.80% for the day. The total traded volume was 926,466 . The stock had closed at $29.40 on the previous day.
The stock has recorded a 20-day Moving Average of 12.95% and the 50-Day Moving Average is 13.84%. Hancock Holding Company is up 15.74% in the last 3-month period. Year-to-Date the stock performance stands at 21.19%.
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.