Hancock Holding Company (NASDAQ:HBHC) has tumbled 0.8% during the past week and has dropped 2.22% in the last 4 week period. The company has outperformed the S&P 500 by 0.39% in the past week but underperformed the index by 3.12% in the last 4 weeks.
Hancock Holding Company (NASDAQ:HBHC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $25.67 and $25.38 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $26.20. The buying momentum continued till the end and the stock did not give up its gains. It closed at $25.94, notching a gain of 1.41% for the day. The total traded volume was 2,167,563 . The stock had closed at $25.58 on the previous day.
The company shares have dropped -20.11% from its 1 Year high price. On Jun 26, 2015, the shares registered one year high at $32.98 and the one year low was seen on Mar 29, 2016. The 50-Day Moving Average price is $26.02 and the 200 Day Moving Average price is recorded at $24.61.
On the companys insider trading activities, 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.
Many analysts have stated their opinion on the company shares. Raymond James upgrades their rating on the shares of Hancock Holding Company (NASDAQ:HBHC). The current rating of the shares is Outperform. Earlier, the shares were rated a Market Perform by the brokerage firm. The rating by the firm was issued on May 9, 2016. Currently the company Insiders own 1.45% of Hancock Holding Company shares according to the proxy statements. Institutional Investors own 81.46% of Hancock Holding Company shares. During last six month period, the net percent change held by insiders has seen a change of 33.33%.
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.