Analyst Rating Update on Hancock Holding Company (HBHC)

Hancock Holding Company (NASDAQ:HBHC) : 9 analysts are covering Hancock Holding Company (NASDAQ:HBHC) and their average rating on the stock is 2.78, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Hancock Holding Company (NASDAQ:HBHC) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Hancock Holding Company (NASDAQ:HBHC) : 9 Wall Street analysts covering Hancock Holding Company (NASDAQ:HBHC) believe that the average level the stock could reach for the short term is $26.89. The maximum price target given is $29 and the minimum target for short term is around $23, hence the standard deviation is calculated at $1.85.

Company shares have received an average consensus rating of Hold for the current week

Hancock Holding Company (NASDAQ:HBHC): stock turned positive on Tuesday. Though the stock opened at $24.37, the bulls momentum made the stock top out at $24.76 level for the day. The stock recorded a low of $24.14 and closed the trading day at $24.71, in the green by 3.48%. The total traded volume for the day was 716,103. The stock had closed at $23.88 in the previous days trading.

In an insider trading activity, The Securities and Exchange Commission has divulged in a Form 4 filing that the officer (President – Whitney Bank) of Hancock Holding Co, Exnicios Joseh S had purchased shares worth of $26,241 in a transaction dated on May 5, 2016. A total of 1,075 shares were purchased at a price of $24.41 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

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.

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