Hancock Holding Company (HBHC) is Upgraded by Raymond James to Outperform

Hancock Holding Company (HBHC) was Upgraded by Raymond James to ” Outperform”. Earlier the firm had a rating of “Mkt Perform ” on the company shares. Raymond James advised their investors in a research report released on May 9, 2016.

Many Wall Street Analysts have commented on Hancock Holding Company. Company shares were Reiterated by Hovde Group on Apr 21, 2016 to “Market Perform”, Firm has raised the Price Target to $ 27 from a previous price target of $24 .Shares were Downgraded by Hovde Group on Mar 29, 2016 to ” Market Perform” and Lowered the Price Target to $ 24 from a previous price target of $25.50 .

On the company’s financial health, Hancock Holding Company reported $0.05 EPS for the quarter, based on the information available during the earnings call on Apr 19, 2016. Analyst had a consensus estimate of $0.05.Analysts expectations of $ 222.61.During the same quarter in the previous year, the company posted $0.55 EPS.

Hancock Holding Company opened for trading at $24.23 and hit $24.67 on the upside on Friday, eventually ending the session at $24.58, with a gain of 0.61% or 0.15 points. The heightened volatility saw the trading volume jump to 3,69,000 shares. Company has a market cap of $1,905 M.

In a different news, on May 6, 2016, Joseh S Exnicios (President – Whitney Bank) purchased 1,075 shares at $24.41 per share price. According to the SEC, on Feb 4, 2016, John M Hairston (CEO) purchased 4,153 shares at $23.11 per share price. On Jan 29, 2016, Michael M Achary (CFO) purchased 1,345 shares at $23.62 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.

Hancock Holding Company

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