Hancock Whitney Co. (NASDAQ:HWC) Receives $49.75 Average Target Price from Brokerages

Shares of Hancock Whitney Co. (NASDAQ:HWC) have been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $50.71.

Several research analysts have commented on the stock. Piper Sandler reissued an “overweight” rating and set a $52.00 price target (down from $55.00) on shares of Hancock Whitney in a research note on Wednesday. Raymond James lifted their target price on shares of Hancock Whitney from $45.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, January 5th. Jefferies Financial Group cut 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. Citigroup raised Hancock Whitney from a “neutral” rating to a “buy” rating and raised their price objective for the company from $48.00 to $50.00 in a research note on Wednesday. Finally, DA Davidson boosted their target price on Hancock Whitney from $55.00 to $57.00 and gave the company a “buy” rating in a research note on Wednesday.

Hancock Whitney Trading Up 3.6 %

Shares of HWC stock opened at $44.27 on Wednesday. The business has a 50-day moving average price of $43.58 and a two-hundred day moving average price of $42.49. Hancock Whitney has a 12-month low of $31.02 and a 12-month high of $49.65. The company has a quick ratio of 0.81, a current ratio of 0.79 and a debt-to-equity ratio of 0.06. The firm has a market cap of $3.83 billion, a P/E ratio of 10.32 and a beta of 1.33.

Hancock Whitney (NASDAQ:HWC) last released its earnings results on Tuesday, January 16th. The company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.07. The company had revenue of $308.41 million during the quarter, compared to the consensus estimate of $355.51 million. Hancock Whitney had a return on equity of 11.89% and a net margin of 19.07%. During the same quarter in the previous year, the company posted $1.65 EPS. Equities analysts anticipate that Hancock Whitney will post 4.82 EPS for the current fiscal year.

Hancock Whitney Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, March 5th were issued a dividend of $0.30 per share. The ex-dividend date was Monday, March 4th. This represents a $1.20 dividend on an annualized basis and a yield of 2.71%. Hancock Whitney’s dividend payout ratio is presently 27.97%.

Insider Buying and Selling at Hancock Whitney

In related news, insider Christopher S. Ziluca sold 3,636 shares of Hancock Whitney stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $43.50, for a total value of $158,166.00. Following the sale, the insider now owns 35,285 shares in the company, valued at $1,534,897.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, insider Joseph S. Exnicios sold 9,857 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $47.15, for a total value of $464,757.55. Following the completion of the transaction, the insider now owns 30,159 shares in the company, valued at approximately $1,421,996.85. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Christopher S. Ziluca sold 3,636 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $43.50, for a total value of $158,166.00. Following the completion of the sale, the insider now directly owns 35,285 shares in the company, valued at $1,534,897.50. The disclosure for this sale can be found here. Insiders sold 31,183 shares of company stock valued at $1,450,992 in the last 90 days. Insiders own 1.10% of the company’s stock.

Institutional Trading of Hancock Whitney

A number of hedge funds and other institutional investors have recently modified their holdings of the business. State of Michigan Retirement System boosted its position in shares of Hancock Whitney by 2.4% in the 1st quarter. State of Michigan Retirement System now owns 21,140 shares of the company’s stock worth $973,000 after purchasing an additional 500 shares in the last quarter. BTC Capital Management Inc. bought a new stake in Hancock Whitney in the first quarter worth $349,000. Vanguard Group Inc. grew its stake in shares of Hancock Whitney by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 9,192,628 shares of the company’s stock worth $446,670,000 after acquiring an additional 95,432 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Hancock Whitney by 4.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 101,605 shares of the company’s stock valued at $4,938,000 after acquiring an additional 3,895 shares in the last quarter. Finally, Spouting Rock Asset Management LLC raised its position in shares of Hancock Whitney by 15.9% in the 4th quarter. Spouting Rock Asset Management LLC now owns 24,444 shares of the company’s stock worth $1,188,000 after purchasing an additional 3,346 shares during the last quarter. 81.22% of the stock is owned by hedge funds and other institutional investors.

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.