Hancock Holding Company (NASDAQ:HBHC)‘s stock had its “overweight” rating reiterated by equities researchers at Piper Jaffray Companies in a research note issued to investors on Thursday, Marketbeat.com reports. They currently have a $52.00 target price on the financial services provider’s stock. Piper Jaffray Companies’ target price indicates a potential upside of 6.67% from the company’s current price.

Other research analysts have also recently issued research reports about the company. Zacks Investment Research cut Hancock Holding from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Keefe, Bruyette & Woods raised Hancock Holding from a “market perform” rating to an “outperform” rating and set a $50.00 target price on the stock in a research note on Monday, August 21st. BidaskClub cut Hancock Holding from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. Jefferies Group LLC reaffirmed a “hold” rating and set a $51.00 target price on shares of Hancock Holding in a research note on Friday, July 14th. Finally, SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $50.00 target price on shares of Hancock Holding in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $51.81.

Shares of Hancock Holding (NASDAQ HBHC) traded up 0.41% during midday trading on Thursday, hitting $48.75. The stock had a trading volume of 470,242 shares. The company has a market cap of $4.13 billion, a PE ratio of 20.35 and a beta of 0.88. The company’s 50 day moving average is $44.80 and its 200 day moving average is $46.35. Hancock Holding has a 52-week low of $31.73 and a 52-week high of $52.94.

Hancock Holding (NASDAQ:HBHC) last issued its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.68. Hancock Holding had a return on equity of 7.85% and a net margin of 18.91%. The business had revenue of $267.20 million for the quarter, compared to the consensus estimate of $265.03 million. During the same period in the prior year, the business posted $0.59 earnings per share. On average, analysts anticipate that Hancock Holding will post $2.71 earnings per share for the current year.

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In related news, CEO John M. Hairston sold 12,240 shares of the stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $46.60, for a total value of $570,384.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Joseph S. Exnicios sold 3,369 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $46.27, for a total value of $155,883.63. The disclosure for this sale can be found here. In the last three months, insiders sold 17,909 shares of company stock worth $827,307. 1.15% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its stake in Hancock Holding by 4.8% in the second quarter. JPMorgan Chase & Co. now owns 1,606,146 shares of the financial services provider’s stock worth $78,702,000 after purchasing an additional 74,006 shares in the last quarter. Sei Investments Co. grew its stake in Hancock Holding by 21.8% in the second quarter. Sei Investments Co. now owns 20,948 shares of the financial services provider’s stock worth $1,026,000 after purchasing an additional 3,747 shares in the last quarter. Federated Investors Inc. PA grew its stake in Hancock Holding by 6.2% in the second quarter. Federated Investors Inc. PA now owns 126,899 shares of the financial services provider’s stock worth $6,218,000 after purchasing an additional 7,370 shares in the last quarter. Legal & General Group Plc grew its stake in Hancock Holding by 11.8% in the second quarter. Legal & General Group Plc now owns 100,332 shares of the financial services provider’s stock worth $4,914,000 after purchasing an additional 10,621 shares in the last quarter. Finally, Prudential Financial Inc. grew its stake in Hancock Holding by 22.1% in the second quarter. Prudential Financial Inc. now owns 694,894 shares of the financial services provider’s stock worth $34,050,000 after purchasing an additional 125,860 shares in the last quarter. 76.98% of the stock is currently owned by institutional investors.

About Hancock Holding

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.

Analyst Recommendations for Hancock Holding (NASDAQ:HBHC)

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