Shares of Hancock Holding Company (HBHC) Sees Large Outflow of Money

Hancock Holding Company (HBHC): The stock had negative money flow to the tune of ($1.51 million) on Thursday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $1.13 million, whereas, the outflow of money on downticks was $2.64 million and the ratio between the two was 0.43. The block trade had a negative net money flow of ($1.42 million). On the other hand, downticks amounted to $1.42 million of the traded value, which shows distribution in the stock by traders. Hancock Holding Company (HBHC) closed with marginal gains of 26 cents to end the day at $25.42, an increase of 1.03% over the previous days close. The stock recorded -1.24% for the week.


Hancock Holding Company (HBHC) : The highest short term price target forecast on Hancock Holding Company (HBHC) is $29 and the lowest target price is $23. A total of 9 equity analysts are currently covering the company. The average price of all the analysts is $26.89 with a standard deviation of $1.85. The stock has recorded a 20-day Moving Average of 0.37% and the 50-Day Moving Average is 0.71%.

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 $25.24 and $25.24 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $25.73. The buying momentum continued till the end and the stock did not give up its gains. It closed at $25.61, notching a gain of 1.79% for the day. The total traded volume was 610,968 . The stock had closed at $25.16 on the previous day.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *