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Upgrade Alert for Hancock Holding (HBHC)

By Nick Russo

Hancock Holding (NASDAQ:HBHC) was upgraded from Market Perform to Outperform at Raymond James today. The stock closed yesterday at $24.94 on volume of 446,000 shares, below average daily volume of 685,000.

There is potential upside of 21.6% for shares of Hancock Holding based on a current price of $24.94 and an average consensus analyst price target of $30.33. Hancock Holding shares should encounter resistance at the 200-day moving average (MA) of $25.94 and support at the 50-day MA of $24.35.

Hancock Holding Company is a multi-bank holding company. The Banks are community oriented and focus on offering commercial loans, consumer loans, mortgage loans, deposit services, investment management, trust services, insurance, and cash management to individuals and businesses. Hancock operates through a network of offices in Mississippi, Louisiana, Alabama, and Florida.

Over the past year, Hancock Holding has traded in a range of $20.01 to $32.98 and closed yesterday at $24.94, 25% above that low. The 200-day and 50-day moving averages have moved 0.33% lower and 0.54% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Hancock Holding and will alert subscribers who have HBHC in their portfolio or watchlist when shares have changed trend direction.

Keywords: analyst upgrades/downgrades hancock holding

Ticker(s): HBHC