Hancock Holding Company (HBHC) : Traders are bullish on Hancock Holding Company (HBHC) as it has outperformed the S&P 500 by a wide margin of 8.28% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.44%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.5% in the last 1 week, and is up 9.4% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 4.07% and the 50-Day Moving Average is 11.31%. Hancock Holding Company (NASDAQ:HBHC): stock turned positive on Friday. Though the stock opened at $30.12, the bulls momentum made the stock top out at $30.52 level for the day. The stock recorded a low of $29.86 and closed the trading day at $30.39, in the green by 0.36%. The total traded volume for the day was 886,720. The stock had closed at $30.28 in the previous days trading.
The company Insiders own 1.45% of Hancock Holding Company shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 0.5% . Institutional Investors own 82.64% of Hancock Holding Company shares. During last six month period, the net percent change held by insiders has seen a change of 0.5%. Also, Morgan Stanley maintains its rating on Hancock Holding Company (NASDAQ:HBHC). The global brokerage major raises the current price target from $28 per share to $30 per share. Analysts at the Morgan Stanley have a current rating of Equal-weight on the shares. The rating by the firm was issued on August 1, 2016.
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.