Hancock Holding Company (HBHC) is Upgraded by BofA/Merrill to Neutral

Hancock Holding Company (HBHC) was Upgraded by BofA/Merrill to ” Neutral”. Earlier the firm had a rating of “Underperform ” on the company shares. BofA/Merrill advised their investors in a research report released on Jul 22, 2016.

Many Wall Street Analysts have commented on Hancock Holding Company. Hancock Holding Company was Upgraded by Raymond James to ” Outperform” on May 9, 2016.

On the company’s financial health, Hancock Holding Company reported $0.59 EPS for the quarter, beating the analyst consensus estimate by $ 0.15 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $0.44. The company had revenue of $229.00 million for the quarter, compared to analysts expectations of $229.26 million. The company’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 EPS.

Hancock Holding Company closed down -0.29 points or -1.03% at $27.81 with 9,03,395 shares getting traded on Wednesday. Post opening the session at $28.12, the shares hit an intraday low of $27.69 and an intraday high of $28.12 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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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