Hancock Holding Co. (HBHC) Stock Price Up 1.8%
Hancock Holding Co. (NASDAQ:HBHC) rose 1.8% during mid-day trading on Tuesday . The stock traded as high as $28.35 and last traded at $28.13, with a volume of 581,895 shares changing hands. The stock had previously closed at $27.63.
HBHC has been the topic of several research reports. Keefe, Bruyette & Woods dropped their price target on Hancock Holding from $30.00 to $26.00 and set a “market perform” rating on the stock in a research report on Friday, April 8th. Zacks Investment Research lowered Hancock Holding from a “hold” rating to a “sell” rating in a research report on Wednesday, March 30th. Raymond James Financial Inc. raised Hancock Holding from a “market perform” rating to an “outperform” rating in a research report on Monday, May 9th. Hovde Group lowered Hancock Holding from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $25.50 to $24.00 in a research report on Tuesday, March 29th. Finally, TheStreet raised Hancock Holding from a “hold” rating to a “buy” rating in a research report on Thursday, July 14th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. Hancock Holding presently has a consensus rating of “Hold” and a consensus target price of $27.71.
The company’s 50-day moving average price is $26.21 and its 200 day moving average price is $24.68. The firm has a market cap of $2.17 billion and a P/E ratio of 23.40.
Hancock Holding (NASDAQ:HBHC) last released its earnings results on Tuesday, April 19th. The financial services provider reported $0.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.04. During the same period last year, the business posted $0.55 earnings per share. On average, equities research analysts predict that Hancock Holding Co. will post $1.51 EPS for the current fiscal year.
In other news, insider Joseh S. Exnicios acquired 1,075 shares of the firm’s stock in a transaction dated Thursday, May 5th. The shares were bought at an average price of $24.41 per share, with a total value of $26,240.75. Following the acquisition, the insider now owns 429 shares of the company’s stock, valued at $10,471.89. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Other hedge funds have recently made changes to their positions in the company. Marshall Wace LLP purchased a new stake in shares of Hancock Holding during the fourth quarter valued at $1,093,000. Liberty Mutual Group Asset Management Inc. raised its stake in shares of Hancock Holding by 51.3% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 50,329 shares of the financial services provider’s stock valued at $1,267,000 after buying an additional 17,074 shares during the last quarter. Mutual of America Capital Management LLC raised its stake in shares of Hancock Holding by 2.6% in the fourth quarter. Mutual of America Capital Management LLC now owns 53,432 shares of the financial services provider’s stock valued at $1,345,000 after buying an additional 1,343 shares during the last quarter. Old Mutual Global Investors UK Ltd. purchased a new stake in shares of Hancock Holding during the fourth quarter valued at $1,721,000. Finally, Retirement Systems of Alabama raised its stake in shares of Hancock Holding by 0.4% in the fourth quarter. Retirement Systems of Alabama now owns 99,452 shares of the financial services provider’s stock valued at $2,503,000 after buying an additional 428 shares during the last quarter.
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. The Company operates through overall banking operations segment. Whitney Bank operates under brands, such as Hancock Bank in Mississippi, Alabama and Florida and Whitney Bank in Louisiana and Texas.