ScanSource, Inc. (SCSC) Reaches $35.20 52-Week Low; Hancock Holding Co (HBHC)’s Sentiment Is 1.25

December 7, 2017 - By Michael Collier

The stock of ScanSource, Inc. (NASDAQ:SCSC) hit a new 52-week low and has $33.09 target or 6.00% below today’s $35.20 share price. The 6 months bearish chart indicates high risk for the $897.28M company. The 1-year low was reported on Dec, 7 by Barchart.com. If the $33.09 price target is reached, the company will be worth $53.84 million less. The stock decreased 0.14% or $0.05 during the last trading session, reaching $35.2. About 91,102 shares traded or 18.90% up from the average. ScanSource, Inc. (NASDAQ:SCSC) has declined 0.87% since December 7, 2016 and is downtrending. It has underperformed by 17.57% the S&P500.

Hancock Holding Company operates as the bank holding firm for Whitney Bank that provides a range of community banking services to commercial, small business, and retail customers. The company has market cap of $4.29 billion. The firm offers various deposit products, including noninterest-bearing demand deposits, interest-bearing transaction accounts, savings accounts, money market deposit accounts, and time deposit accounts. It has a 20.27 P/E ratio. It also provides commercial and industrial; commercial real estate; construction and land development; and residential mortgages, including fixed and adjustable rate loans; and consumer loans comprising second lien mortgage home loans, home equity lines of credit, and nonresidential consumer purpose loans.

Jacobs Asset Management Llc holds 3.66% of its portfolio in Hancock Holding Company for 369,725 shares. Hancock Holding Co owns 1.21 million shares or 2.5% of their US portfolio. Moreover, Dorsey Wright & Associates has 1.99% invested in the company for 103,775 shares. The Arkansas-based Forest Hill Capital Llc has invested 1.89% in the stock. Carl Domino Inc, a Florida-based fund reported 31,715 shares.

Analysts await Hancock Holding Company (NASDAQ:HBHC) to report earnings on January, 16. They expect $0.83 earnings per share, up 29.69% or $0.19 from last year’s $0.64 per share. HBHC’s profit will be $70.70 million for 15.18 P/E if the $0.83 EPS becomes a reality. After $0.76 actual earnings per share reported by Hancock Holding Company for the previous quarter, Wall Street now forecasts 9.21% EPS growth.

The stock increased 1.00% or $0.5 during the last trading session, reaching $50.4. About 254,200 shares traded. Hancock Holding Company (HBHC) has risen 80.63% since December 7, 2016 and is uptrending. It has outperformed by 63.93% the S&P500.

Since January 1, 0001, it had 0 buys, and 2 insider sales for $115,743 activity.

Ratings analysis reveals 67% of Hancock Holding’s analysts are positive. Out of 3 Wall Street analysts rating Hancock Holding, 2 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. HBHC was included in 3 notes of analysts from September 19, 2016. The company was initiated on Thursday, February 2 by JMP Securities. As per Monday, January 30, the company rating was upgraded by Bank of America. The rating was downgraded by SunTrust to “Neutral” on Monday, September 19.

Investors sentiment decreased to 1.03 in Q2 2017. Its down 0.49, from 1.52 in 2017Q1. It dropped, as 23 investors sold ScanSource, Inc. shares while 51 reduced holdings. 22 funds opened positions while 54 raised stakes. 23.70 million shares or 2.62% less from 24.33 million shares in 2017Q1 were reported. Amg Trust Bancshares accumulated 0.05% or 16,673 shares. Profit Management Ltd Limited Liability Company reported 38,576 shares or 1.41% of all its holdings. Art Advsrs Limited Liability Com holds 8,200 shares. Teachers Retirement System Of The State Of Kentucky reported 9,500 shares. Ny State Teachers Retirement System holds 0.01% of its portfolio in ScanSource, Inc. (NASDAQ:SCSC) for 61,485 shares. New York-based Tiaa Cref Mgmt Lc has invested 0% in ScanSource, Inc. (NASDAQ:SCSC). Michigan-based Ls Invest Advisors Ltd Limited Liability Company has invested 0% in ScanSource, Inc. (NASDAQ:SCSC). 1,553 were accumulated by Huntington Bancshares. Magnetar Financial Ltd Liability Company invested in 5,426 shares. Louisiana State Employees Retirement has invested 0.02% of its portfolio in ScanSource, Inc. (NASDAQ:SCSC). American Int Group stated it has 0% of its portfolio in ScanSource, Inc. (NASDAQ:SCSC). Moreover, First Mercantile Trust Commerce has 0.04% invested in ScanSource, Inc. (NASDAQ:SCSC). Nordea Invest Mngmt Ab invested in 388,129 shares. Airain Ltd has 5,831 shares for 0.01% of their portfolio. Moreover, Parametric Portfolio Associates Ltd Co has 0.01% invested in ScanSource, Inc. (NASDAQ:SCSC).

Among 2 analysts covering ScanSource (NASDAQ:SCSC), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. ScanSource had 3 analyst reports since August 12, 2015 according to SRatingsIntel. The company was upgraded on Wednesday, August 12 by Zacks. Raymond James maintained it with “Outperform” rating and $42 target in Tuesday, August 30 report. The firm has “Buy” rating by Northcoast given on Wednesday, December 23.

Analysts await ScanSource, Inc. (NASDAQ:SCSC) to report earnings on February, 6. They expect $0.79 EPS, up 5.33% or $0.04 from last year’s $0.75 per share. SCSC’s profit will be $20.14 million for 11.14 P/E if the $0.79 EPS becomes a reality. After $0.76 actual EPS reported by ScanSource, Inc. for the previous quarter, Wall Street now forecasts 3.95% EPS growth.

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