Hancock Whitney Corporation (NASDAQ:HWC – Get Free Report) Director Christine Pickering sold 417 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $67.16, for a total transaction of $28,005.72. Following the completion of the transaction, the director directly owned 25,066 shares in the company, valued at approximately $1,683,432.56. This represents a 1.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Hancock Whitney Stock Up 1.0%
Hancock Whitney stock traded up $0.66 during trading on Tuesday, reaching $68.16. 534,168 shares of the company’s stock were exchanged, compared to its average volume of 857,145. The company’s 50-day moving average is $65.70 and its two-hundred day moving average is $65.55. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.81 and a current ratio of 0.81. Hancock Whitney Corporation has a 52-week low of $52.89 and a 52-week high of $75.43. The firm has a market cap of $5.53 billion, a price-to-earnings ratio of 14.00 and a beta of 0.97.
Hancock Whitney (NASDAQ:HWC – Get Free Report) last posted its earnings results on Tuesday, April 21st. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.04. Hancock Whitney had a return on equity of 11.20% and a net margin of 21.34%.The business had revenue of $393.64 million during the quarter, compared to analyst estimates of $400.01 million. During the same quarter last year, the firm earned $1.38 earnings per share. The company’s revenue for the quarter was down 19.7% compared to the same quarter last year. On average, analysts predict that Hancock Whitney Corporation will post 6.47 earnings per share for the current year.
Hancock Whitney Announces Dividend
Wall Street Analysts Forecast Growth
HWC has been the subject of a number of analyst reports. Piper Sandler upped their price objective on Hancock Whitney from $80.00 to $82.00 and gave the stock an “overweight” rating in a research note on Monday, May 18th. Citigroup upped their price objective on Hancock Whitney from $78.00 to $81.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. Zacks Research downgraded shares of Hancock Whitney from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 23rd. Wall Street Zen lowered Hancock Whitney from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings lowered shares of Hancock Whitney from a “buy (b)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $78.14.
View Our Latest Analysis on Hancock Whitney
Hedge Funds Weigh In On Hancock Whitney
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Channing Capital Management LLC acquired a new stake in shares of Hancock Whitney in the fourth quarter worth $80,246,000. Norges Bank bought a new position in Hancock Whitney in the 4th quarter worth $57,463,000. Northwestern Mutual Wealth Management Co. lifted its position in Hancock Whitney by 18,614.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 535,039 shares of the company’s stock worth $34,071,000 after acquiring an additional 532,180 shares during the last quarter. UBS Group AG boosted its holdings in Hancock Whitney by 134.3% during the third quarter. UBS Group AG now owns 909,460 shares of the company’s stock valued at $56,941,000 after acquiring an additional 521,261 shares during the period. Finally, Bessemer Group Inc. boosted its holdings in Hancock Whitney by 126,754.3% during the third quarter. Bessemer Group Inc. now owns 457,944 shares of the company’s stock valued at $28,671,000 after acquiring an additional 457,583 shares during the period. Institutional investors and hedge funds own 81.22% of the company’s stock.
Hancock Whitney Company Profile
Hancock Whitney Corporation (NASDAQ: HWC) is a regional financial services company headquartered in Gulfport, Mississippi. The firm was established in April 2019 through the merger of Hancock Holding Company and Whitney Holding Corporation, each of which traced its roots to the late 19th century. This combination created one of the largest bank holding companies in the Gulf South region, with a network of branches serving both urban and rural communities.
The company’s core business activities include commercial banking, retail banking and wealth management services.
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