Zacks: Hancock Whitney Corp (HWC) Given Average Rating of “Buy” by Analysts

Shares of Hancock Whitney Corp (NYSE:HWC) have earned a consensus broker rating score of 1.67 (Buy) from the nine brokers that cover the stock, Zacks Investment Research reports. Three investment analysts have rated the stock with a hold rating and six have given a strong buy rating to the company.

Brokers have set a 1-year consensus price objective of $53.13 for the company and are forecasting that the company will post $1.13 EPS for the current quarter, according to Zacks. Zacks has also given Hancock Whitney an industry rank of 183 out of 257 based on the ratings given to its competitors.

Several brokerages recently commented on HWC. Piper Jaffray Companies set a $59.00 price objective on Hancock Whitney and gave the stock a “buy” rating in a research note on Thursday, July 19th. Stephens reaffirmed a “buy” rating and set a $59.00 price objective on shares of Hancock Whitney in a research note on Friday, July 27th. Zacks Investment Research raised Hancock Whitney from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a research note on Tuesday, September 18th. Finally, Raymond James dropped their price objective on Hancock Whitney from $60.00 to $55.00 and set a “strong-buy” rating on the stock in a research note on Thursday, October 18th.

In related news, insider Cecil W. Knight, Jr. acquired 1,500 shares of the firm’s stock in a transaction dated Monday, October 22nd. The stock was bought at an average price of $41.41 per share, for a total transaction of $62,115.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Brown Advisory Inc. acquired a new stake in shares of Hancock Whitney in the first quarter valued at approximately $221,000. Xact Kapitalforvaltning AB acquired a new stake in shares of Hancock Whitney in the second quarter valued at approximately $573,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Hancock Whitney during the second quarter worth approximately $285,000. Bank of Montreal Can purchased a new stake in shares of Hancock Whitney during the second quarter worth approximately $3,094,000. Finally, Retirement Systems of Alabama purchased a new stake in shares of Hancock Whitney during the second quarter worth approximately $5,152,000.

Shares of NYSE:HWC traded down $1.05 during midday trading on Wednesday, hitting $38.86. The company had a trading volume of 207,239 shares, compared to its average volume of 531,495. Hancock Whitney has a 12 month low of $38.94 and a 12 month high of $56.40.

Hancock Whitney (NYSE:HWC) last posted its quarterly earnings results on Tuesday, October 16th. The company reported $1.01 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.01. The company had revenue of $289.71 million during the quarter, compared to the consensus estimate of $292.73 million.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Wednesday, December 5th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 2.78%. The ex-dividend date is Tuesday, December 4th.

Hancock Whitney Company Profile

Hancock Whitney Corp. is a bank holding company, which engages in the provision of financial services. It also offers trust and investment management services to retirement plans, corporations, and individuals; and brokerage services, annuity products, and life insurance, general insurance agency services, including life and title insurance, consumer financing service.

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