Brokerages Set Hancock Whitney Corporation (NASDAQ:HWC) PT at $69.86

Shares of Hancock Whitney Corporation (NASDAQ:HWC) have received a consensus rating of “Buy” from the eight brokerages that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $69.8571.

Several equities analysts have weighed in on HWC shares. Piper Sandler lifted their target price on Hancock Whitney from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Wednesday, July 16th. Wall Street Zen downgraded Hancock Whitney from a “hold” rating to a “sell” rating in a research report on Monday, August 11th. Hovde Group lifted their target price on Hancock Whitney from $65.00 to $72.00 and gave the company an “outperform” rating in a research report on Wednesday, July 16th. Citigroup lifted their target price on Hancock Whitney from $70.00 to $74.00 and gave the company a “buy” rating in a research report on Tuesday, August 26th. Finally, Keefe, Bruyette & Woods downgraded Hancock Whitney from an “outperform” rating to a “market perform” rating and lifted their target price for the company from $62.00 to $63.00 in a research report on Friday, July 11th.

Insider Activity at Hancock Whitney

In other news, CFO Michael M. Achary sold 9,894 shares of the business’s stock in a transaction dated Friday, October 17th. The stock was sold at an average price of $54.86, for a total transaction of $542,784.84. Following the completion of the transaction, the chief financial officer directly owned 55,733 shares of the company’s stock, valued at approximately $3,057,512.38. The trade was a 15.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.91% of the company’s stock.

Hedge Funds Weigh In On Hancock Whitney

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP grew its position in shares of Hancock Whitney by 50.4% during the first quarter. Wellington Management Group LLP now owns 3,057,103 shares of the company’s stock worth $160,345,000 after buying an additional 1,024,869 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its position in shares of Hancock Whitney by 12.7% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,089,454 shares of the company’s stock worth $109,592,000 after buying an additional 235,363 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Hancock Whitney by 6.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,027,364 shares of the company’s stock worth $105,139,000 after buying an additional 128,860 shares in the last quarter. American Century Companies Inc. grew its position in shares of Hancock Whitney by 15.7% during the second quarter. American Century Companies Inc. now owns 1,695,276 shares of the company’s stock worth $97,309,000 after buying an additional 229,615 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in shares of Hancock Whitney by 1.1% during the first quarter. AQR Capital Management LLC now owns 1,335,997 shares of the company’s stock worth $69,044,000 after buying an additional 14,717 shares in the last quarter. 81.22% of the stock is owned by institutional investors and hedge funds.

Hancock Whitney Stock Down 0.8%

Shares of NASDAQ:HWC opened at $55.73 on Friday. The business has a 50-day moving average price of $61.60 and a 200 day moving average price of $57.71. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $4.72 billion, a price-to-earnings ratio of 9.97 and a beta of 1.11. Hancock Whitney has a 12-month low of $43.90 and a 12-month high of $64.66.

Hancock Whitney (NASDAQ:HWC) last issued its quarterly earnings data on Tuesday, October 14th. The company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.06. The firm had revenue of $0.03 million during the quarter, compared to the consensus estimate of $391.32 million. Hancock Whitney had a return on equity of 11.29% and a net margin of 23.99%.During the same period last year, the company earned $1.33 EPS. Sell-side analysts expect that Hancock Whitney will post 5.53 EPS for the current year.

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.