Hancock Whitney (NASDAQ:HWC) Rating Reiterated by Stephens

Hancock Whitney (NASDAQ:HWC)‘s stock had its “equal weight” rating restated by equities researchers at Stephens in a research note issued on Wednesday, Benzinga reports. They presently have a $50.00 target price on the stock. Stephens’ price objective suggests a potential upside of 17.01% from the company’s previous close.

HWC has been the subject of a number of other reports. Piper Sandler upped their target price on Hancock Whitney from $51.00 to $55.00 and gave the company an “overweight” rating in a research note on Wednesday, January 17th. StockNews.com lowered Hancock Whitney from a “hold” rating to a “sell” rating in a research note on Sunday, March 31st. Citigroup upgraded Hancock Whitney from a “neutral” rating to a “buy” rating and upped their target price for the company from $48.00 to $50.00 in a research note on Wednesday. DA Davidson upped their price target on Hancock Whitney from $55.00 to $57.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Truist Financial upped their price target on Hancock Whitney from $48.00 to $50.00 and gave the company a “hold” rating in a research report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Hancock Whitney presently has a consensus rating of “Hold” and an average target price of $49.75.

Hancock Whitney Stock Up 0.2 %

Shares of HWC stock opened at $42.73 on Wednesday. The stock has a 50 day moving average of $43.55 and a 200-day moving average of $42.43. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.06. The firm has a market cap of $3.70 billion, a PE ratio of 9.96 and a beta of 1.33. Hancock Whitney has a 12 month low of $31.02 and a 12 month high of $49.65.

Hancock Whitney (NASDAQ:HWC) last issued its earnings results on Tuesday, January 16th. The company reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.07. The business had revenue of $308.41 million during the quarter, compared to analyst estimates of $355.51 million. Hancock Whitney had a return on equity of 12.08% and a net margin of 19.07%. During the same period in the prior year, the company posted $1.65 earnings per share. On average, equities analysts predict that Hancock Whitney will post 4.8 EPS for the current year.

Insider Transactions at Hancock Whitney

In other news, insider Joseph S. Exnicios sold 9,857 shares of the stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $47.15, for a total transaction of $464,757.55. Following the sale, the insider now owns 30,159 shares in the company, valued at $1,421,996.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Joseph S. Exnicios sold 9,857 shares of the stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $47.15, for a total transaction of $464,757.55. Following the sale, the insider now owns 30,159 shares in the company, valued at $1,421,996.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO D Shane Loper sold 17,690 shares of the stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $46.81, for a total value of $828,068.90. Following the sale, the chief operating officer now owns 71,148 shares in the company, valued at approximately $3,330,437.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,183 shares of company stock worth $1,450,992. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Hancock Whitney

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in Hancock Whitney by 0.4% in the second quarter. BlackRock Inc. now owns 12,107,551 shares of the company’s stock valued at $464,688,000 after acquiring an additional 42,241 shares during the last quarter. Vanguard Group Inc. lifted its stake in Hancock Whitney by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 9,192,628 shares of the company’s stock valued at $446,670,000 after buying an additional 95,432 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Hancock Whitney by 5.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,749,591 shares of the company’s stock worth $230,786,000 after buying an additional 249,944 shares during the last quarter. State Street Corp boosted its holdings in Hancock Whitney by 15.0% during the first quarter. State Street Corp now owns 4,567,941 shares of the company’s stock worth $238,218,000 after buying an additional 596,516 shares during the last quarter. Finally, Macquarie Group Ltd. boosted its holdings in Hancock Whitney by 0.5% during the second quarter. Macquarie Group Ltd. now owns 4,264,159 shares of the company’s stock worth $189,030,000 after buying an additional 21,842 shares during the last quarter. Institutional investors own 81.22% of the company’s stock.

Hancock Whitney Company Profile

Hancock Whitney Corporation operates as the financial holding company for Hancock Whitney Bank that provides traditional and online banking services to commercial, small business, and retail customers. It offers various transaction and savings deposit products consisting of brokered deposits, time deposits, and money market accounts; treasury management services, secured and unsecured loan products including revolving credit facilities, and letters of credit and similar financial guarantees; and trust and investment management services to retirement plans, corporations, and individuals, and investment advisory and brokerage products.