Hancock Whitney (NASDAQ:HWC) PT Raised to $55.00

Hancock Whitney (NASDAQ:HWC) had its target price lifted by research analysts at Citigroup from $50.00 to $55.00 in a report issued on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price target would indicate a potential upside of 13.92% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Stephens reaffirmed an “equal weight” rating and set a $50.00 price objective on shares of Hancock Whitney in a research report on Wednesday, April 17th. Truist Financial reduced their price target on shares of Hancock Whitney from $50.00 to $46.00 and set a “hold” rating for the company in a research report on Wednesday, April 17th. Jefferies Financial Group reduced their price target on shares of Hancock Whitney from $51.00 to $45.00 and set a “hold” rating for the company in a research report on Monday, April 8th. StockNews.com cut shares of Hancock Whitney from a “hold” rating to a “sell” rating in a research report on Sunday, March 31st. Finally, DA Davidson boosted their price target on shares of Hancock Whitney from $55.00 to $57.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $51.43.

Hancock Whitney Price Performance

Hancock Whitney stock opened at $48.28 on Monday. The stock has a market cap of $4.17 billion, a P/E ratio of 11.25 and a beta of 1.31. The company has a fifty day simple moving average of $44.26 and a 200-day simple moving average of $43.47. Hancock Whitney has a 12-month low of $31.75 and a 12-month high of $49.65. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.06.

Insider Buying and Selling at Hancock Whitney

In other news, insider Christopher S. Ziluca sold 3,636 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $43.50, for a total transaction of $158,166.00. Following the transaction, the insider now directly owns 35,285 shares in the company, valued at $1,534,897.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Hancock Whitney news, insider Cecil W. Knight, Jr. sold 844 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $46.82, for a total value of $39,516.08. Following the sale, the insider now owns 58,843 shares of the company’s stock, valued at $2,755,029.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christopher S. Ziluca sold 3,636 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $43.50, for a total value of $158,166.00. Following the transaction, the insider now owns 35,285 shares in the company, valued at $1,534,897.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,780 shares of company stock worth $256,988. 1.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Hancock Whitney during the 4th quarter valued at approximately $29,000. OLD Point Trust & Financial Services N A bought a new position in Hancock Whitney during the 4th quarter valued at $49,000. Quadrant Capital Group LLC grew its holdings in Hancock Whitney by 35.2% during the 4th quarter. Quadrant Capital Group LLC now owns 1,260 shares of the company’s stock worth $61,000 after acquiring an additional 328 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Hancock Whitney by 155.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,714 shares of the company’s stock worth $83,000 after purchasing an additional 1,044 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Hancock Whitney by 32.4% during the fourth quarter. Blue Trust Inc. now owns 2,569 shares of the company’s stock worth $125,000 after purchasing an additional 628 shares during the last quarter. Institutional investors and hedge funds 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.