Keefe, Bruyette & Woods reaffirmed their hold rating on shares of Hancock Holding Company (NASDAQ:HBHC) in a report issued on Thursday. Keefe, Bruyette & Woods currently has a $47.00 price target on the financial services provider’s stock.

Several other research firms also recently issued reports on HBHC. FIG Partners restated a market perform rating and set a $46.25 price objective on shares of Hancock Holding Company in a report on Wednesday, January 18th. JMP Securities started coverage on shares of Hancock Holding Company in a report on Thursday, February 2nd. They set an outperform rating and a $55.00 price objective on the stock. Jefferies Group LLC restated a hold rating and set a $51.00 price objective on shares of Hancock Holding Company in a report on Tuesday, April 4th. Bank of America Corp upgraded shares of Hancock Holding Company from a neutral rating to a buy rating and set a $52.00 price objective on the stock in a report on Monday, January 30th. Finally, Raymond James Financial, Inc. upgraded shares of Hancock Holding Company from an outperform rating to a strong-buy rating and upped their price objective for the company from $48.00 to $54.00 in a report on Thursday, March 16th. Six research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $45.33.

Analyst Recommendations for Hancock Holding Company (NASDAQ:HBHC)

Shares of Hancock Holding Company (NASDAQ:HBHC) traded up 0.33% on Thursday, hitting $46.20. 594,387 shares of the company traded hands. The firm has a market capitalization of $3.89 billion, a P/E ratio of 24.71 and a beta of 0.88. Hancock Holding Company has a 1-year low of $23.78 and a 1-year high of $49.50. The firm’s 50-day moving average is $45.32 and its 200 day moving average is $42.09.

Hancock Holding Company (NASDAQ:HBHC) last posted its quarterly earnings data on Tuesday, April 18th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.57. Hancock Holding Company had a net margin of 15.11% and a return on equity of 6.04%. The firm had revenue of $245.18 million for the quarter, compared to the consensus estimate of $245.23 million. During the same quarter in the prior year, the company posted $0.05 earnings per share. On average, analysts anticipate that Hancock Holding Company will post $2.65 earnings per share for the current fiscal year.

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In related news, EVP Stephen E. Barker sold 5,566 shares of the company’s stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $49.28, for a total value of $274,292.48. Following the sale, the executive vice president now owns 5,301 shares in the company, valued at $261,233.28. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert W. Roseberry sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $47.50, for a total value of $285,000.00. Following the completion of the sale, the director now owns 28,906 shares in the company, valued at approximately $1,373,035. The disclosure for this sale can be found here. 1.45% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of HBHC. US Bancorp DE raised its stake in shares of Hancock Holding Company by 2.8% in the third quarter. US Bancorp DE now owns 5,554 shares of the financial services provider’s stock worth $180,000 after buying an additional 149 shares in the last quarter. LS Investment Advisors LLC raised its stake in shares of Hancock Holding Company by 5.7% in the third quarter. LS Investment Advisors LLC now owns 4,956 shares of the financial services provider’s stock worth $161,000 after buying an additional 266 shares in the last quarter. BlackRock Group LTD raised its stake in shares of Hancock Holding Company by 0.7% in the third quarter. BlackRock Group LTD now owns 60,137 shares of the financial services provider’s stock worth $1,950,000 after buying an additional 439 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its stake in shares of Hancock Holding Company by 1.4% in the third quarter. Municipal Employees Retirement System of Michigan now owns 34,790 shares of the financial services provider’s stock worth $1,128,000 after buying an additional 480 shares in the last quarter. Finally, Capstone Asset Management Co. raised its stake in shares of Hancock Holding Company by 8.5% in the first quarter. Capstone Asset Management Co. now owns 6,109 shares of the financial services provider’s stock worth $278,000 after buying an additional 480 shares in the last quarter. Hedge funds and other institutional investors own 72.52% of the company’s stock.

Hancock Holding Company Company Profile

Hancock Holding Company is a financial services company that provides a network of service financial choices to the Gulf South region, through its bank subsidiary, Whitney Bank (the Bank), a Mississippi state bank. The Company operates through overall banking operations segment. The Bank operates under brands, such as Hancock Bank in Mississippi, Alabama and Florida, and Whitney Bank in Louisiana and Texas.

5 Day Chart for NASDAQ:HBHC

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