Hancock Holding (NASDAQ: HBHC)‘s stock had its “buy” rating reaffirmed by investment analysts at Sterne Agee in a note issued to investors on Monday. They currently have a $38.00 price target on the stock.
Separately, analysts at Morgan Keegan upgraded shares of Hancock Holding from a “market perform” rating to an “outperform” rating in a research note to investors on Monday. They now have a $37.00 price target on the stock, up previously from $32.00.
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). The Banks are community oriented, and focus primarily on offering commercial, consumer and mortgage loans and deposit services to individuals and small to middle market businesses in their respective market areas. On December 18, 2009, the Company acquired Peoples First Community Bank (Peoples First).
Hancock Holding traded up 2.68% on Monday, hitting $32.97. Hancock Holding has a 1-year low of $25.38 and a 1-year high of $35.26. The stock has a 50-day moving average of $32.73 and a 200-day moving average of $30.34. The company has a market cap of $2.793 billion and a price-to-earnings ratio of 27.92.