Wunderlich Securities Sees Bias to Upside vs. Consensus for Hancock Holding Company

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In a report published Monday, Wunderlich Securities analyst Kevin B. Reynolds reiterated a Buy rating and $43.00 price target on
Hancock Holding CompanyHBHC
. In the report, Wunderlich Securities noted, “We maintain our Buy rating on shares of Hancock Holding Company, as well as our price target of $43. We are maintaining our 2014 earnings per share estimate of $2.35, as well as our 2015 EPS estimate of $2.60. Our 12-18 month price target of $43.00 equates to roughly 16.5 times our 2015 EPS estimate, which is a premium vs. the median for Southern banks in our research universe that reflects much of the benefit that HBHC would likely enjoy should short-term interest rates rise over the next 12 to 18 months.” Hancock Holding Company closed on Friday at $27.10.
Posted In: Analyst ColorReiterationAnalyst RatingsKevin B. ReynoldsWunderlich Securities
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