Hancock Whitney (NASDAQ:HWC) PT Raised to $65.00

Hancock Whitney (NASDAQ:HWC) had its target price increased by analysts at DA Davidson from $62.00 to $65.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. DA Davidson’s target price indicates a potential upside of 21.56% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. Keefe, Bruyette & Woods lifted their price target on Hancock Whitney from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Wednesday, July 17th. Truist Financial decreased their target price on Hancock Whitney from $57.00 to $56.00 and set a “hold” rating on the stock in a research report on Friday, September 20th. Piper Sandler increased their target price on shares of Hancock Whitney from $52.00 to $62.00 and gave the stock an “overweight” rating in a report on Wednesday, July 17th. Hovde Group lifted their price target on shares of Hancock Whitney from $55.00 to $62.00 and gave the company an “outperform” rating in a report on Wednesday, July 17th. Finally, Jefferies Financial Group dropped their price objective on shares of Hancock Whitney from $48.00 to $47.00 and set a “hold” rating for the company in a research note on Wednesday, July 3rd. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $56.89.

Hancock Whitney Trading Up 0.3 %

HWC opened at $53.47 on Wednesday. The stock has a market capitalization of $4.63 billion, a price-to-earnings ratio of 12.46 and a beta of 1.26. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.06. Hancock Whitney has a twelve month low of $32.16 and a twelve month high of $57.78. The company has a 50-day simple moving average of $50.88 and a 200 day simple moving average of $48.56.

Hancock Whitney (NASDAQ:HWC) last issued its quarterly earnings results on Tuesday, October 15th. The company reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.02. The company had revenue of $525.37 million during the quarter, compared to the consensus estimate of $363.54 million. Hancock Whitney had a net margin of 18.63% and a return on equity of 11.51%. During the same quarter in the prior year, the firm posted $1.12 EPS. Analysts predict that Hancock Whitney will post 5.14 EPS for the current fiscal year.

Insider Activity at Hancock Whitney

In other news, Director Frank E. Bertucci sold 2,053 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $57.03, for a total transaction of $117,082.59. Following the completion of the transaction, the director now directly owns 22,554 shares in the company, valued at $1,286,254.62. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Hancock Whitney

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Hancock Whitney by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 9,226,780 shares of the company’s stock worth $424,801,000 after buying an additional 34,152 shares during the period. Dimensional Fund Advisors LP boosted its stake in Hancock Whitney by 3.5% during the second quarter. Dimensional Fund Advisors LP now owns 4,980,204 shares of the company’s stock worth $238,197,000 after acquiring an additional 167,304 shares in the last quarter. American Century Companies Inc. grew its holdings in Hancock Whitney by 20.4% in the second quarter. American Century Companies Inc. now owns 1,401,113 shares of the company’s stock worth $67,015,000 after purchasing an additional 237,526 shares during the period. Hancock Whitney Corp increased its stake in Hancock Whitney by 30.9% in the second quarter. Hancock Whitney Corp now owns 1,069,223 shares of the company’s stock valued at $51,141,000 after purchasing an additional 252,473 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in shares of Hancock Whitney by 20.9% during the second quarter. Millennium Management LLC now owns 780,882 shares of the company’s stock valued at $37,350,000 after purchasing an additional 135,076 shares during the period. 81.22% of the stock is currently owned by institutional investors and hedge funds.

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.