UMB Financial Corp Becomes Oversold Monday, February 3, 12:28 PM ET, by Market News Video Staff The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, ...
There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on October 28, Hancock Holding Co.'s Director, James B. Estabrook Jr., invested $6,916.67 into 215 shares of HBHC, for a cost per share of $32.11. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.
In trading on Wednesday, bargain hunters could buy shares of Hancock Holding Co. (NASDAQ:HBHC) and achieve a cost basis 14.5% cheaper than Estabrook Jr., with shares changing hands as low as $27.45 per share. Hancock Holding Co. shares are currently trading off about 3.8% on the day. The chart below shows the one year performance of HBHC shares, versus its 200 day moving average:
Looking at the chart above, HBHC's low point in its 52 week range is $25.38 per share, with $37.26 as the 52 week high point — that compares with a last trade of $27.56. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:
HBHC operates in the Banking & Savings sector, among companies like Deutsche Bank AG (NYSE:DB) which is down about 3.4% today, and Banco Santander SA (STD) trading lower by about 3.6%. Below is a three month price history chart comparing the stock performance of HBHC, versus DB and STD.
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