Hancock Holding Company (HBHC) : The traders have covered their outstanding shorts in Hancock Holding Company (HBHC) to the tune of -816,202 shares, a change of -9.8%. As on Jul 29, 2016, the outstanding shorts on the stock were 8,310,317 shares, however, by August 15, 2016, the shorts had reduced to 7,494,115 shares. The covering shows that the traders dont believe that a large downside exists in the stock from current levels. The open short positions equal 9.9% of the free float of the stock. It takes 10 days to cover the outstanding short positions. The stock has an average daily volume of 766,403 shares. The short interest information was released on Wednesday Aug 24th after the market close.
Hancock Holding Company (NASDAQ:HBHC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $31.47 and $31.10 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $31.66. The buying momentum continued till the end and the stock did not give up its gains. It closed at $31.46, notching a gain of 0.03% for the day. The total traded volume was 249,907 . The stock had closed at $31.45 on the previous day.
In a related news,The officer (Chief Credit Risk Officer) of Hancock Holding Co, Kendricks Samuel B sold 755 shares at $30.21 on August 5, 2016. The Insider selling transaction had a total value worth of $22,809. The Insider information was disclosed with 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.