Hancock Whitney Co. (NASDAQ:HWC) Receives $51.43 Consensus Price Target from Analysts

Hancock Whitney Co. (NASDAQ:HWCGet Free Report) has received a consensus recommendation of “Moderate Buy” from the seven brokerages that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $51.43.

A number of equities research analysts have commented on HWC shares. DA Davidson raised their price target on Hancock Whitney from $55.00 to $57.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Citigroup lifted their price objective on Hancock Whitney from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. StockNews.com upgraded shares of Hancock Whitney from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Jefferies Financial Group lowered their price target on shares of Hancock Whitney from $51.00 to $45.00 and set a “hold” rating for the company in a report on Monday, April 8th. Finally, Stephens reissued an “equal weight” rating and set a $50.00 price objective on shares of Hancock Whitney in a research note on Wednesday, April 17th.

View Our Latest Stock Report on Hancock Whitney

Insider Buying and Selling

In related news, insider Cecil W. Knight, Jr. sold 844 shares of Hancock Whitney stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $46.82, for a total transaction of $39,516.08. Following the transaction, the insider now owns 58,843 shares in the company, valued at approximately $2,755,029.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Cecil W. Knight, Jr. sold 844 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $46.82, for a total transaction of $39,516.08. Following the transaction, the insider now directly owns 58,843 shares of the company’s stock, valued at approximately $2,755,029.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Christine L. Pickering sold 1,300 shares of the stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $45.62, for a total transaction of $59,306.00. Following the completion of the sale, the director now directly owns 23,982 shares of the company’s stock, valued at approximately $1,094,058.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,780 shares of company stock valued at $256,988. 1.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Hancock Whitney

A number of institutional investors have recently made changes to their positions in the business. American Century Companies Inc. boosted its stake in Hancock Whitney by 13.1% during the 3rd quarter. American Century Companies Inc. now owns 832,405 shares of the company’s stock valued at $30,791,000 after acquiring an additional 96,522 shares during the last quarter. Deutsche Bank AG grew its stake in Hancock Whitney by 4.2% in the third quarter. Deutsche Bank AG now owns 122,077 shares of the company’s stock worth $4,516,000 after purchasing an additional 4,886 shares in the last quarter. Channing Capital Management LLC grew its stake in Hancock Whitney by 16.0% in the third quarter. Channing Capital Management LLC now owns 1,407,511 shares of the company’s stock worth $52,064,000 after purchasing an additional 194,100 shares in the last quarter. Jackson Creek Investment Advisors LLC bought a new stake in Hancock Whitney in the fourth quarter valued at about $1,045,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Hancock Whitney by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,039,436 shares of the company’s stock valued at $38,449,000 after buying an additional 14,625 shares in the last quarter. 81.22% of the stock is owned by institutional investors and hedge funds.

Hancock Whitney Trading Up 2.0 %

Shares of HWC stock opened at $48.36 on Friday. The stock has a market cap of $4.19 billion, a P/E ratio of 11.27 and a beta of 1.31. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.06. Hancock Whitney has a fifty-two week low of $32.16 and a fifty-two week high of $49.65. The business has a fifty day simple moving average of $44.82 and a 200-day simple moving average of $44.08.

Hancock Whitney (NASDAQ:HWCGet Free Report) last announced its earnings results on Tuesday, April 16th. The company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.10. The company had revenue of $354.02 million during the quarter, compared to analysts’ expectations of $353.15 million. Hancock Whitney had a net margin of 19.07% and a return on equity of 11.89%. On average, analysts forecast that Hancock Whitney will post 4.91 earnings per share for the current fiscal year.

Hancock Whitney Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Wednesday, June 5th will be paid a $0.40 dividend. This is a positive change from Hancock Whitney’s previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a dividend yield of 3.31%. The ex-dividend date is Wednesday, June 5th. Hancock Whitney’s payout ratio is currently 27.97%.

Hancock Whitney Company Profile

(Get Free Report

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.

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Analyst Recommendations for Hancock Whitney (NASDAQ:HWC)

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