Hancock Holding Now Covered by Merrill Lynch (HBHC)
Merrill Lynch began coverage on shares of Hancock Holding (NASDAQ:HBHC) in a research note issued on Wednesday, Analyst Ratings.Net reports. The firm set an “underperform” rating on the stock.
Shares of Hancock Holding (NASDAQ:HBHC) traded down 0.16% on Wednesday, hitting $30.72. The stock had a trading volume of 884,945 shares. Hancock Holding has a 52 week low of $25.00 and a 52 week high of $33.85. The stock’s 50-day moving average is $31.87 and its 200-day moving average is $30.51. The company has a market cap of $2.522 billion and a price-to-earnings ratio of 14.06.
Hancock Holding (NASDAQ:HBHC) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.55 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.55. Analysts expect that Hancock Holding will post $2.23 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Bank of America Corp. initiated coverage on shares of Hancock Holding in a research note to investors on Wednesday. They set an “underperform” rating and a $29.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Hancock Holding in a research note to investors on Monday, September 30th. They now have a $32.50 price target on the stock. Finally, analysts at RBC Capital initiated coverage on shares of Hancock Holding in a research note to investors on Friday, August 23rd. They set a “sector perform” rating and a $35.00 price target on the stock. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. Hancock Holding currently has a consensus rating of “Hold” and a consensus price target of $31.25.
Hancock Holding Company (NASDAQ:HBHC) is a bank holding company.
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