Hancock Whitney (NASDAQ:HWC) Price Target Raised to $85.00

Hancock Whitney (NASDAQ:HWC – Free Report) had its price objective upped by Barclays from $82.00 to $85.00 in a report published on Monday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other analysts have also issued research reports about the stock. Wall Street Zen upgraded shares of Hancock Whitney from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Benchmark lifted their price objective on shares of Hancock Whitney from $84.00 to $91.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Stephens decreased their target price on shares of Hancock Whitney from $86.00 to $85.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Hovde Group lowered shares of Hancock Whitney from an “outperform” rating to a “market perform” rating and set a $74.00 target price on the stock. in a report on Friday, June 12th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Hancock Whitney from $78.00 to $80.00 and gave the company a “market perform” rating in a research report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $84.56.

Get Our Latest Research Report on Hancock Whitney

Hancock Whitney Trading Down 1.5%

Shares of Hancock Whitney stock opened at $71.64 on Monday. The stock has a market capitalization of $5.75 billion, a PE ratio of 14.05 and a beta of 0.97. Hancock Whitney has a 52 week low of $54.05 and a 52 week high of $80.13. The stock has a 50 day moving average price of $75.34 and a two-hundred day moving average price of $71.66. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.82 and a current ratio of 0.82.

Hancock Whitney (NASDAQ:HWC – Get Free Report) last issued its earnings results on Tuesday, July 21st. The company reported $1.55 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.55. Hancock Whitney had a return on equity of 11.36% and a net margin of 21.81%.The company had revenue of $403.57 million for the quarter, compared to analyst estimates of $398.89 million. During the same period in the prior year, the firm earned $1.37 earnings per share. Hancock Whitney’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, equities analysts anticipate that Hancock Whitney will post 6.45 earnings per share for the current fiscal year.

Hancock Whitney Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Friday, September 4th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $2.00 annualized dividend and a dividend yield of 2.8%. Hancock Whitney’s dividend payout ratio (DPR) is currently 39.22%.

Insider Transactions at Hancock Whitney

In related news, insider Emory L. Mayfield, Jr. sold 4,990 shares of the business’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $76.40, for a total value of $381,236.00. Following the transaction, the insider directly owned 15,565 shares of the company’s stock, valued at approximately $1,189,166. The trade was a 24.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Michael Achary sold 22,694 shares of the stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $76.18, for a total transaction of $1,728,828.92. Following the transaction, the chief financial officer owned 44,160 shares of the company’s stock, valued at approximately $3,364,108.80. The trade was a 33.95% decrease in their position. The SEC filing for this sale provides additional information. 0.92% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Hancock Whitney

Several large investors have recently modified their holdings of HWC. Allworth Financial LP bought a new position in Hancock Whitney during the second quarter valued at $28,000. Hilton Head Capital Partners LLC purchased a new stake in Hancock Whitney in the fourth quarter worth $35,000. Root Financial Partners LLC raised its stake in shares of Hancock Whitney by 70.9% in the first quarter. Root Financial Partners LLC now owns 612 shares of the company’s stock valued at $39,000 after buying an additional 254 shares during the period. Integrated Wealth Concepts LLC bought a new stake in shares of Hancock Whitney in the second quarter valued at $55,000. Finally, IFP Advisors Inc raised its stake in shares of Hancock Whitney by 26.0% in the second quarter. IFP Advisors Inc now owns 852 shares of the company’s stock valued at $64,000 after buying an additional 176 shares during the period. Hedge funds and other institutional investors own 81.22% of the company’s stock.

Hancock Whitney Company Profile

(Get Free Report)

Hancock Whitney Corporation is a financial services company headquartered in Gulfport, Mississippi, and the parent company of Hancock Whitney Bank. Founded in 1883, the bank has grown from a community banking institution in coastal Mississippi into a regional bank serving individuals, businesses and institutions across the Gulf South.

Hancock Whitney provides personal and business deposit accounts, consumer and commercial loans, mortgages, credit and debit cards, online and mobile banking, and treasury management services.

Further Reading

Analyst Recommendations for Hancock Whitney (NASDAQ:HWC)

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