Hancock Holding Reaches New 52-Week High (HBHC)

NEW YORK ( TheStreet) -- Hancock Holding Company (Nasdaq: HBHC) hit a new 52-week high Tuesday as it is currently trading at $36.61, above its previous 52-week high of $36.49 with 198,918 shares traded as of 2:20 p.m. ET. Average volume has been 520,600 shares over the past 30 days.

Hancock Holding has a market cap of $2.89 billion and is part of the financial sector and banking industry. Shares are up 13.7% year to date as of the close of trading on Monday.

Hancock Holding Company, a financial holding company, provides various banking and financial services in south Mississippi, Louisiana, South Alabama, and Florida. The company has a P/E ratio of 17.6, below the average banking industry P/E ratio of 23.5 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Hancock Holding as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Hancock Holding Ratings Report.

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