Hancock Whitney (NASDAQ:HWC) PT Lowered to $46.00

Hancock Whitney (NASDAQ:HWC) had its price objective dropped by equities research analysts at Truist Financial from $50.00 to $46.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “hold” rating on the stock. Truist Financial’s price objective would suggest a potential upside of 7.83% from the stock’s current price.

HWC has been the topic of a number of other research reports. DA Davidson raised their target price on Hancock Whitney from $55.00 to $57.00 and gave the company a “buy” rating in a report on Wednesday. StockNews.com lowered Hancock Whitney from a “hold” rating to a “sell” rating in a report on Sunday, March 31st. Citigroup upgraded Hancock Whitney from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $48.00 to $50.00 in a research report on Wednesday. Piper Sandler reiterated an “overweight” rating and issued a $52.00 price objective (down previously from $55.00) on shares of Hancock Whitney in a research report on Wednesday. Finally, Raymond James raised their price objective on Hancock Whitney from $45.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, January 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Hancock Whitney currently has an average rating of “Hold” and a consensus target price of $49.75.

Hancock Whitney Stock Performance

HWC traded up $0.65 during midday trading on Wednesday, reaching $42.66. The company’s stock had a trading volume of 1,096,686 shares, compared to its average volume of 502,764. The stock has a market cap of $3.69 billion, a P/E ratio of 9.52 and a beta of 1.33. The company has a fifty day simple moving average of $43.55 and a 200 day simple moving average of $42.43. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.06. Hancock Whitney has a twelve month low of $31.02 and a twelve month high of $49.65.

Hancock Whitney (NASDAQ:HWC) last released its earnings results on Tuesday, January 16th. The company reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.07. The firm had revenue of $308.41 million for the quarter, compared to analyst estimates of $355.51 million. Hancock Whitney had a return on equity of 12.54% and a net margin of 20.57%. During the same quarter last year, the firm posted $1.65 EPS. Research analysts expect that Hancock Whitney will post 4.8 earnings per share for the current year.

Insider Buying and Selling

In related 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 transaction 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 filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Joseph S. Exnicios sold 9,857 shares of the firm’s 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 completion of the sale, the insider now directly owns 30,159 shares of the company’s stock, valued at approximately $1,421,996.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph S. Exnicios sold 4,042 shares of the firm’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $45.28, for a total value of $183,021.76. Following the sale, the insider now directly owns 40,016 shares of the company’s stock, valued at $1,811,924.48. The disclosure for this sale can be found here. Insiders sold 35,225 shares of company stock worth $1,634,014 in the last 90 days. 1.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Hancock Whitney

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. American Century Companies Inc. increased its stake in shares of Hancock Whitney by 13.1% in the 3rd quarter. American Century Companies Inc. now owns 832,405 shares of the company’s stock valued at $30,791,000 after buying an additional 96,522 shares during the period. Deutsche Bank AG increased its stake in shares of Hancock Whitney by 4.2% in the 3rd quarter. Deutsche Bank AG now owns 122,077 shares of the company’s stock valued at $4,516,000 after buying an additional 4,886 shares during the period. Channing Capital Management LLC increased its stake in shares of Hancock Whitney by 16.0% in the 3rd quarter. Channing Capital Management LLC now owns 1,407,511 shares of the company’s stock valued at $52,064,000 after buying an additional 194,100 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Hancock Whitney by 1.4% in the 3rd 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 during the period. Finally, Great Lakes Advisors LLC increased its stake in shares of Hancock Whitney by 5.8% in the 3rd quarter. Great Lakes Advisors LLC now owns 443,036 shares of the company’s stock valued at $16,388,000 after buying an additional 24,290 shares during the period. 81.22% of the stock is owned by institutional investors and hedge funds.

About Hancock Whitney

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.