Macquarie Lowers Hancock Holding to Neutral (HBHC)

By admin | 6 years ago

Hancock Holding (NASDAQ: HBHC) was downgraded by analysts at Macquarie from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Thursday.

HBHC has been the subject of a number of other recent research reports. 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. Separately, analysts at Raymond James (NYSE: RJF) downgraded shares of Hancock Holding from a “strong-buy” rating to a “market perform” 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 down 0.99% during mid-day trading on Thursday, hitting $28.95. Hancock Holding has a one year low of $25.38 and a one year high of $36.73. The company has a market cap of $2.454 billion and a P/E ratio of 29.07.

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).

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