Suntrust Robinson downgraded Hancock Holding Company (NASDAQ:HBHC) from Buy to Neutral in a statement released earlier today.
- Updated: September 19, 2016
Only yesterday Hancock Holding Company (NASDAQ:HBHC) traded 1.31% lower at $31.64. HBHC’s 50-day average is $30.97 and its 200-day moving average is $26.87. With the last stock close up 17.76% relative to the 200-day average, compared with the S&P 500 Index which has fallen -0.01% over the same time period. 935,861 shares of Hancock Holding Company traded, up from ann average trading volume of 725,138.
Suntrust Robinson has downgraded Hancock Holding Company(NASDAQ:HBHC) from Buy to Neutral in a statement released 9/19/2016.
Previously on 7/26/2016, Hovde Group released a statement on Hancock Holding Company(NASDAQ:HBHC) upped the target price from $27.00 to $32.00 that indicated a possible upside of 0.08%.
In addition to Suntrust Robinson reporting it’s price target, a total of 12 analysts have issued a report on Hancock Holding Company. The consensus target price is $26.58 with 0 rating the stock a strong buy, one firm rating the company a buy, 10 firms rating the stock a hold, one brokerage rating the company to underperform, and lastly 0 analysts rating the company as sell.
With a total market value of $0.0, Hancock Holding Company has a 52 week low of $20.01 and a 52 week high of $32.94 with a price-earnings ratio of 23.
Brief Synopsis On Hancock Holding Company (NASDAQ:HBHC)
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. The Company operates through overall banking operations segment. Whitney Bank operates under brands, such as Hancock Bank in Mississippi, Alabama and Florida and Whitney Bank in Louisiana and Texas. The Bank operates across the Gulf South region comprising southern Mississippi; southern and central Alabama; southern Louisiana; the northern, central, and panhandle regions of Florida; Houston, Texas, and Nashville, Tennessee. 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 and letters of credit and similar financial guarantees.
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