Piper Jaffray Believes Hancock Holding (NASDAQ: HBHC) Still Has Room to Grow

In a report released yesterday, Will Curtiss from Piper Jaffray reiterated a Buy rating on Hancock Holding (NASDAQ: HBHC), with a price target of $63. The company’s shares closed yesterday at $56.10, close to its 52-week high of $56.15.

According to TipRanks.com, Curtiss is a 3-star analyst with an average return of 7.6% and a 71.4% success rate. Curtiss covers the Financial sector, focusing on stocks such as Pinnacle Financial Partners, Franklin Financial Network, and Bank Of The Ozarks.

Currently, the analyst consensus on Hancock Holding is Moderate Buy and the average price target is $60, representing a 7.0% upside.

In a report issued on January 4, Sandler O’Neill also upgraded the stock to Buy with a $57 price target.

Hancock Holding’s market cap is currently $4.73B and has a P/E ratio of 22.53. The company has a book value ratio of 1.6568.

Based on the recent corporate insider activity of 84 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Hancock Holding Co. is a bank holding company of Whitney Bank and Hancock Bank, which offers a broad range of community banking services to commercial, small business and retail customers. The company also provides trust and investment management services to retirement plans, corporations and individuals.

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