Hancock Whitney (NASDAQ:HWC) Price Target Raised to $68.00

Hancock Whitney (NASDAQ:HWC) had its price objective lifted by Raymond James Financial from $62.00 to $68.00 in a report released on Wednesday,Benzinga reports. They currently have a strong-buy rating on the stock.

Several other research analysts have also weighed in on the company. Stephens lowered their price target on Hancock Whitney from $73.00 to $69.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Hovde Group raised their target price on shares of Hancock Whitney from $65.00 to $72.00 and gave the company an “outperform” rating in a research note on Wednesday. Keefe, Bruyette & Woods downgraded shares of Hancock Whitney from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $62.00 to $63.00 in a report on Friday, July 11th. DA Davidson cut their price target on shares of Hancock Whitney from $69.00 to $62.00 and set a “buy” rating for the company in a research note on Wednesday, April 16th. Finally, Piper Sandler lifted their price objective on shares of Hancock Whitney from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Wednesday. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Hancock Whitney has a consensus rating of “Moderate Buy” and an average price target of $66.71.

Hancock Whitney Stock Down 0.0%

Hancock Whitney stock opened at $60.21 on Wednesday. The company has a current ratio of 0.79, a quick ratio of 0.82 and a debt-to-equity ratio of 0.05. Hancock Whitney has a 1-year low of $43.90 and a 1-year high of $62.40. The company has a fifty day simple moving average of $56.72 and a 200 day simple moving average of $55.18. The company has a market cap of $5.16 billion, a P/E ratio of 11.09 and a beta of 1.05.

Hancock Whitney (NASDAQ:HWC) last posted its quarterly earnings data on Tuesday, July 15th. The company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.01. The company had revenue of $377.98 million during the quarter, compared to the consensus estimate of $375.99 million. Hancock Whitney had a net margin of 23.28% and a return on equity of 11.21%. During the same period in the prior year, the business posted $1.31 EPS. Research analysts anticipate that Hancock Whitney will post 5.53 earnings per share for the current fiscal year.

Hancock Whitney Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Thursday, June 5th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $1.80 dividend on an annualized basis and a yield of 2.99%. Hancock Whitney’s dividend payout ratio (DPR) is 33.15%.

Insider Activity at Hancock Whitney

In other news, Director Christine L. Pickering sold 838 shares of the firm’s stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $48.09, for a total transaction of $40,299.42. Following the completion of the sale, the director owned 23,019 shares in the company, valued at approximately $1,106,983.71. This trade represents a 3.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.91% of the stock is currently owned by corporate insiders.

Institutional Trading of Hancock Whitney

Several institutional investors have recently added to or reduced their stakes in the company. Brooklyn Investment Group bought a new stake in Hancock Whitney in the 1st quarter valued at about $31,000. Versant Capital Management Inc raised its position in shares of Hancock Whitney by 554.6% in the first quarter. Versant Capital Management Inc now owns 707 shares of the company’s stock valued at $37,000 after buying an additional 599 shares in the last quarter. Virtus Advisers LLC bought a new stake in shares of Hancock Whitney in the first quarter valued at approximately $41,000. Amundi bought a new stake in shares of Hancock Whitney in the first quarter valued at approximately $50,000. Finally, UMB Bank n.a. grew its position in Hancock Whitney by 1,132.1% during the first quarter. UMB Bank n.a. now owns 998 shares of the company’s stock worth $52,000 after buying an additional 917 shares in the last quarter. 81.22% of the stock is currently owned by 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.