Hancock Holding Downgraded to Hold at TheStreet (HBHC)
The analysts wrote, “Hancock Holding Company (HBHC) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year.”
Shares of Hancock Holding (NASDAQ: HBHC) opened at 27.04 on Monday. Hancock Holding has a one year low of $27.83 and a one year high of $36.56. The stock’s 50-day moving average is currently $29.90. The company has a market cap of $2.295 billion and a P/E ratio of 12.88.
Hancock Holding (NASDAQ: HBHC) last announced its earnings results on Thursday, April 25th. The company reported $0.56 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.60 by $0.04. During the same quarter last year, the company posted $0.12 earnings per share. On average, analysts predict that Hancock Holding will post $2.51 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on HBHC. Analysts at Wunderlich cut their price target on shares of Hancock Holding from $38.00 to $30.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at FIG Partners downgraded shares of Hancock Holding from an “outperform” rating to an “underperform” rating in a research note to investors on Friday. They now have a $26.25 price target on the stock, down previously from $34.00. Finally, analysts at Raymond James downgraded shares of Hancock Holding from an “outperform” rating to a “market perform” rating in a research note to investors on Friday. They now have a $34.00 price target on the stock.
Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $30.03.
Hancock Holding Company (NASDAQ: HBHC) is a bank holding company.
To view TheStreet’s full report, visit www.thestreetratings.com
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