SunTrust Robinson Humphrey Downgrades Hancock Holding Company to Neutral

Brokerage firm SunTrust Robinson Humphrey Downgrades its rating on Hancock Holding Company(NASDAQ:HBHC). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by SunTrust Robinson Humphrey was issued on Sep 19, 2016.

In a different note, On Aug 1, 2016, Morgan Stanley said it Maintains its rating on Hancock Holding Company. In the research note, the firm Raises the price-target to $28.00 per share. The shares have been rated ‘Equal-weight’ by the firm. On Jul 22, 2016, Bank of America said it Upgrades its rating on Hancock Holding Company. The shares have been rated ‘Neutral’ by the firm.

Hancock Holding Company (HBHC) made into the market gainers list on Thursdays trading session with the shares advancing 1.42% or 0.45 points. Due to strong positive momentum, the stock ended at $32.05, which is also near the day’s high of $32.105. The stock began the session at $31.81 and the volume stood at 7,19,212 shares. The 52-week high of the shares is $32.94 and the 52 week low is $20.01. The company has a current market capitalization of $2,485 M and it has 7,75,43,990 shares in outstanding.

Hancock Holding Company(HBHC) last announced its earnings results on Jul 20, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $234.86M. Analysts had an estimated revenue of $229.16M. Earnings per share were $0.59. Analysts had estimated an EPS of $0.45.

Several Insider Transactions has been reported to the SEC. On Sep 7, 2016, Samuel B Kendricks (Chief Credit Risk Officer) sold 500 shares at $32.50 per share price.Also, On Aug 29, 2016, Robert W Roseberry (director) sold 600 shares at $31.63 per share price.On Jul 29, 2016, Stephen E. Barker (EVP & Chief Accounting Officer) sold 2,550 shares at $29.45 per share price, according to the Form-4 filing with the securities and exchange commission.

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 *