Shares of Hancock Holding Company (HBHC) Sees Large Outflow of Money

Hancock Holding Company (HBHC) : Money flow in the Hancock Holding Company (HBHC) stock was negative (1.07 million) on Monday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $0.22 million, compared to $1.28 million on downticks. The total uptick to downtick ratio was 0.17, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($1.04 million), indicating selling on the strength. Downtick transaction value in block trades amounted to $1.04 million, indicating persistent selling. Hancock Holding Company (HBHC) traded $0.26 higher at $30.65 gaining 0.86% over the previous days close.


Shares of Hancock Holding Company rose by 1.12% in the last five trading days and 10.58% for the last 4 weeks. Hancock Holding Company is up 21.45% in the last 3-month period. Year-to-Date the stock performance stands at 24.39%.

Hancock Holding Company (NASDAQ:HBHC): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $30.47 and $30.47 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $30.82. The buying momentum continued till the end and the stock did not give up its gains. It closed at $30.72, notching a gain of 1.09% for the day. The total traded volume was 589,019 . The stock had closed at $30.39 on the previous day.

In a related news, The officer (Chief Credit Risk Officer), of Hancock Holding Co, Kendricks Samuel B had unloaded 755 shares at $30.21 per share in a transaction on August 5, 2016. The total value of transaction was $22,809. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

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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