In a report published Monday, Wunderlich Securities analyst Kevin B. Reynolds reiterated a Buy rating and $43.00 price target on Hancock Holding Company HBHC.
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.
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