Shares of Hancock Holdings ( HBHC)of Gulfport, Mississippi, have dropped 17% in the past month, making it among the worst performers within the sector. The bank reported a net income for the first quarter of $18.5 million, or 21 cents per share, compared to $19 million, or 22 cents, and $15.3 million, or 41 cents, respectively, in the fourth and first quarters of 2011. Analysts lowered estimates for the bank post its results, sending shares lower. However, in light of the recent underperformance, some are a little more constructive on the stock. "We believe this is a quality company on a path to superior returns and promising growth prospects at a relatively inexpensive valuation," KBW analyst Jefferson Harralson wrote in a recent report. At a recent investor presentation, the bank laid out potential revenue strategies from its acquisition of Whitney and said it is on the lookout for more deals. The bank was also optimistic about expanding into Texas, which it said was exhibiting organic loan growth. Six analysts rate the stock a buy, while seven rate it a hold.