Hancock Holding Rating Increased to Outperform at Raymond James (HBHC)

By admin | 6 years ago

Hancock Holding (NASDAQ: HBHC) was upgraded by Raymond James (NYSE: RJF) from a “market perform” rating to an “outperform” rating in a research note issued on Monday.

HBHC has been the subject of a number of other recent research reports. Analysts at Macquarie downgraded shares of Hancock Holding from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, May 17th. Separately, analysts at Sterne Agee downgraded shares of Hancock Holding from a “buy” rating to a “neutral” rating in a research note to investors on Friday, April 27th. Finally, analysts at SunTrust (NYSE: STI) downgraded shares of Hancock Holding from a “buy” rating to a “neutral” rating in a research note to investors on Friday, April 27th.

Shares of Hancock Holding traded up 1.95% during mid-day trading on Monday, hitting $29.87. Hancock Holding has a 52 week low of $25.38 and a 52 week high of $36.73. The company has a market cap of $2.532 billion and a P/E ratio of 29.13.

Hancock Holding Company is a bank holding company. The Company operates through four wholly owned bank subsidiaries, Hancock Bank, Gulfport, Mississippi (Hancock Bank MS), Hancock Bank of Louisiana, Baton Rouge, Louisiana (Hancock Bank LA), Hancock Bank of Florida, Tallahassee, Florida (Hancock Bank FL) and Hancock Bank of Alabama, Mobile, Alabama (Hancock Bank AL).

About the author