Hancock Holding Company (HBHC) is Downgraded by SunTrust to Neutral

Hancock Holding Company (HBHC) was Downgraded by SunTrust to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. SunTrust advised their investors in a research report released on Sep 19, 2016.

Many Wall Street Analysts have commented on Hancock Holding Company. Hancock Holding Company was Downgraded by SunTrust to ” Neutral” on Sep 19, 2016. Company shares were Reiterated by Hovde Group on Jul 26, 2016 to “Market Perform”, Firm has raised the Price Target to $ 32 from a previous price target of $27 .Hancock Holding Company was Upgraded by BofA/Merrill to ” Neutral” on Jul 22, 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 -0.42 points or -1.31% at $31.64 with 935,861 shares getting traded on Friday. Post opening the session at $31.74, the shares hit an intraday low of $31.37 and an intraday high of $31.95 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Sep 7, 2016, Samuel B Kendricks (Chief Credit Risk Officer) sold 500 shares at $32.50 per share price. According to the SEC, on Aug 29, 2016, Robert W Roseberry (director) sold 600 shares at $31.63 per share price. On Jul 29, 2016, Stephen E. Barker (EVP & Chief Accounting Officer) sold 2,550 shares at $29.45 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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