Ripples from the crisis in the subprime mortgage sector hit shares of Hibernia Corp. Thursday as an analyst cut his rating and estimates, citing the bank's exposure to bankrupt United Companies Financial Corp.

Christopher Mutascio of Legg Mason Wood Walker cut his 1999 earnings estimate to $1.19 a share, from $1.25, sending the stock down 25 cents a share, to $15.8125, on a day when most stocks fared well. He cited two unsecured loans by Hibernia to the subprime lender, totaling $33 million.

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