Hancock Whitney (NASDAQ:HWC) Stock Rating Reaffirmed by Stephens

Hancock Whitney (NASDAQ:HWC)‘s stock had its “equal weight” rating reaffirmed by Stephens in a research note issued on Wednesday, Benzinga reports. They presently have a $50.00 price objective on the stock. Stephens’ target price indicates a potential upside of 17.21% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. DA Davidson increased their price objective on shares of Hancock Whitney from $55.00 to $57.00 and gave the company a “buy” rating in a research note on Wednesday. StockNews.com downgraded shares of Hancock Whitney from a “hold” rating to a “sell” rating in a research report on Sunday, March 31st. Jefferies Financial Group reduced their target price on shares of Hancock Whitney from $51.00 to $45.00 and set a “hold” rating for the company in a research report on Monday, April 8th. Citigroup raised shares of Hancock Whitney from a “neutral” rating to a “buy” rating and increased their target price for the company from $48.00 to $50.00 in a research report on Wednesday. Finally, Raymond James increased their target price on shares of Hancock Whitney from $45.00 to $55.00 and gave the company an “outperform” rating in a research report on Friday, January 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $49.75.

Hancock Whitney Stock Up 1.5 %

NASDAQ:HWC traded up $0.65 on Wednesday, hitting $42.66. The stock had a trading volume of 1,096,686 shares, compared to its average volume of 502,764. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market cap of $3.69 billion, a P/E ratio of 9.52 and a beta of 1.33. Hancock Whitney has a 1 year low of $31.02 and a 1 year high of $49.65. The firm’s fifty day simple moving average is $43.55 and its two-hundred day simple moving average is $42.43.

Hancock Whitney (NASDAQ:HWC) last posted its quarterly earnings data on Tuesday, January 16th. The company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.19 by $0.07. The firm had revenue of $308.41 million during the quarter, compared to analyst estimates of $355.51 million. Hancock Whitney had a net margin of 20.57% and a return on equity of 12.54%. During the same quarter last year, the business posted $1.65 EPS. Analysts predict that Hancock Whitney will post 4.8 earnings per share for the current year.

Insider Buying and Selling

In other Hancock Whitney news, insider Joseph S. Exnicios sold 9,857 shares of the firm’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $47.15, for a total value of $464,757.55. Following the completion of the transaction, the insider now directly owns 30,159 shares of the company’s stock, valued at approximately $1,421,996.85. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Hancock Whitney news, insider Joseph S. Exnicios sold 9,857 shares of the firm’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $47.15, for a total value of $464,757.55. Following the completion of the transaction, the insider now directly owns 30,159 shares of the company’s stock, valued at approximately $1,421,996.85. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Christopher S. Ziluca sold 3,636 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $43.50, for a total transaction of $158,166.00. Following the completion of the transaction, the insider now directly owns 35,285 shares of the company’s stock, valued at $1,534,897.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,225 shares of company stock valued at $1,634,014. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. BTC Capital Management Inc. purchased a new stake in shares of Hancock Whitney during the 1st quarter valued at $349,000. Vanguard Group Inc. raised its position in shares of Hancock Whitney by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 9,192,628 shares of the company’s stock valued at $446,670,000 after buying an additional 95,432 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Hancock Whitney by 4.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 101,605 shares of the company’s stock valued at $4,938,000 after buying an additional 3,895 shares in the last quarter. Spouting Rock Asset Management LLC raised its position in shares of Hancock Whitney by 15.9% during the 4th quarter. Spouting Rock Asset Management LLC now owns 24,444 shares of the company’s stock valued at $1,188,000 after buying an additional 3,346 shares in the last quarter. Finally, Cim Investment Management Inc. purchased a new stake in shares of Hancock Whitney during the 4th quarter valued at $210,000. 81.22% of the stock is owned by institutional investors.

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.