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Hancock Holding Company

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Hancock Holding’s shares have outpaced the industry in the last six months. The performance was supported by the company’s impressive earnings surprise history. It surpassed the Zacks Consensus Estimate for earnings in three of the trailing four quarters. Strategic initiatives, growth in loan and deposit balances, improving rate environment and potential lesser regulations should support the company's profitability. However, rising operating expenses remains a near-term concern for the company. As the bank continues to invest in franchise and grows inorganically, expenses are expected to remain elevated in the quarters ahead. Also, its exposure to risky loan portfolios makes us apprehensive.

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