Hancock Whitney Co. (NASDAQ:HWC) Receives Average Recommendation of “Moderate Buy” from Brokerages

Hancock Whitney Co. (NASDAQ:HWCGet Free Report) has been given a consensus rating of “Moderate Buy” by the eight analysts that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $51.88.

HWC has been the subject of a number of research reports. Truist Financial decreased their target price on shares of Hancock Whitney from $50.00 to $46.00 and set a “hold” rating for the company in a research note on Wednesday, April 17th. Citigroup raised their price objective on shares of Hancock Whitney from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Piper Sandler reiterated an “overweight” rating and issued a $52.00 price target (down from $55.00) on shares of Hancock Whitney in a research report on Wednesday, April 17th. Stephens reissued an “equal weight” rating and set a $50.00 price objective on shares of Hancock Whitney in a research report on Wednesday, April 17th. Finally, Jefferies Financial Group reduced their price target on Hancock Whitney from $51.00 to $45.00 and set a “hold” rating for the company in a research report on Monday, April 8th.

Check Out Our Latest Stock Analysis on HWC

Hancock Whitney Trading Up 2.8 %

Hancock Whitney stock opened at $45.95 on Thursday. Hancock Whitney has a one year low of $32.16 and a one year high of $49.65. The business’s fifty day moving average is $45.86 and its 200 day moving average is $45.18. The stock has a market capitalization of $3.98 billion, a PE ratio of 10.71 and a beta of 1.28. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.81 and a quick ratio of 0.81.

Hancock Whitney (NASDAQ:HWCGet Free Report) last announced its quarterly earnings results on Tuesday, April 16th. The company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.10. Hancock Whitney had a net margin of 19.07% and a return on equity of 11.89%. The firm had revenue of $354.02 million for the quarter, compared to the consensus estimate of $353.15 million. On average, sell-side analysts predict that Hancock Whitney will post 4.92 EPS for the current year.

Hancock Whitney Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Wednesday, June 5th will be issued a $0.40 dividend. This is a boost from Hancock Whitney’s previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a yield of 3.48%. The ex-dividend date is Wednesday, June 5th. Hancock Whitney’s dividend payout ratio is presently 37.30%.

Insider Activity at Hancock Whitney

In other Hancock Whitney news, insider Cecil W. Knight, Jr. sold 844 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $46.82, for a total transaction of $39,516.08. Following the sale, the insider now directly owns 58,843 shares in the company, valued at $2,755,029.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Christine L. Pickering sold 1,300 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $45.62, for a total value of $59,306.00. Following the transaction, the director now owns 23,982 shares of the company’s stock, valued at $1,094,058.84. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Cecil W. Knight, Jr. sold 844 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $46.82, for a total value of $39,516.08. Following the transaction, the insider now directly owns 58,843 shares of the company’s stock, valued at $2,755,029.26. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Turtle Creek Wealth Advisors LLC acquired a new position in Hancock Whitney during the fourth quarter worth $29,000. OLD Point Trust & Financial Services N A purchased a new position in shares of Hancock Whitney in the fourth quarter valued at $49,000. Quadrant Capital Group LLC raised its stake in shares of Hancock Whitney by 35.2% during the 4th quarter. Quadrant Capital Group LLC now owns 1,260 shares of the company’s stock worth $61,000 after buying an additional 328 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Hancock Whitney by 155.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,714 shares of the company’s stock worth $83,000 after buying an additional 1,044 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in Hancock Whitney by 32.4% in the 4th quarter. Blue Trust Inc. now owns 2,569 shares of the company’s stock valued at $125,000 after acquiring an additional 628 shares during the last quarter. 81.22% of the stock is owned by hedge funds and other institutional investors.

About Hancock Whitney

(Get Free Report

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.

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Analyst Recommendations for Hancock Whitney (NASDAQ:HWC)

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