Market Overview

UPDATE: Jefferies Raises PT on Hancock Holding Company on Flat Near-Term Earnings Trajectory

Share:
Related HBHC
Earnings Scheduled For January 22, 2015
Wunderlich Names The Best Southern Regional Banks Heading Into Earnings
Synovus (SNV) Gains on Q4 Earnings Beat, Revenues Up Y/Y - Analyst Blog (Zacks)

In a report published Monday, Jefferies analyst Emlen Harmon reiterated a Hold rating on Hancock Holding Company (NASDAQ: HBHC), and raised the price target from $31.00 to $32.00.

In the report, Jefferies noted, “While reported earnings in 2Q13 were a little light on higher than expected expenses, the company maintained longer-term guidance including run-rate annual expense saves of $50mm by 4Q13 and flat-to-down quarterly EPS over the near-term. However, our estimates for '13 and '14 are each down a dime, as cost saves appear to be developing slower than expected, and absolute earning asset growth could be limited by mix-shift.”

Hancock Holding Company closed on Friday at $32.90.

Latest Ratings for HBHC

DateFirmActionFromTo
Jan 2015WunderlichMaintainsBuy
Jan 2015Keefe Bruyette & WoodsMaintainsMarket Perform
Oct 2014JefferiesMaintainsHold

View More Analyst Ratings for HBHC
View the Latest Analyst Ratings

Posted-In: Emlen Harmon JefferiesAnalyst Color Price Target Analyst Ratings

 

Related Articles (HBHC)

Around the Web, We're Loving...

Get Benzinga's Newsletters