SunTrust Banks set a $42.00 target price on Hancock Whitney (NYSE:HWC) in a report issued on Friday morning, BenzingaRatingsTable reports. The brokerage currently has a hold rating on the stock. SunTrust Banks also issued estimates for Hancock Whitney’s Q4 2019 earnings at $1.05 EPS, FY2019 earnings at $4.07 EPS, Q1 2020 earnings at $1.03 EPS, Q2 2020 earnings at $1.08 EPS, Q3 2020 earnings at $1.09 EPS and FY2020 earnings at $4.27 EPS.
Other equities research analysts have also recently issued research reports about the stock. Bank of America cut shares of Hancock Whitney from a buy rating to a neutral rating in a research report on Thursday, July 11th. Stephens reaffirmed a hold rating and issued a $42.00 price target on shares of Hancock Whitney in a research report on Wednesday, July 17th. Finally, Raymond James reaffirmed a reduce rating and issued a $48.00 price target (up previously from $45.00) on shares of Hancock Whitney in a research report on Wednesday, July 17th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $45.60.
Shares of HWC opened at $40.03 on Friday. The company has a 50 day moving average price of $36.84 and a 200-day moving average price of $39.99. Hancock Whitney has a fifty-two week low of $32.59 and a fifty-two week high of $50.95.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Thursday, September 5th were given a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $1.08 annualized dividend and a dividend yield of 2.70%.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Quantamental Technologies LLC raised its stake in shares of Hancock Whitney by 44.8% during the 2nd quarter. Quantamental Technologies LLC now owns 928 shares of the company’s stock worth $37,000 after acquiring an additional 287 shares in the last quarter. Meeder Asset Management Inc. bought a new position in shares of Hancock Whitney during the 2nd quarter worth approximately $45,000. Belpointe Asset Management LLC bought a new position in shares of Hancock Whitney during the 1st quarter worth approximately $103,000. Tower Research Capital LLC TRC raised its stake in shares of Hancock Whitney by 51.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,976 shares of the company’s stock worth $120,000 after acquiring an additional 1,006 shares in the last quarter. Finally, CIBC World Markets Inc. bought a new position in shares of Hancock Whitney during the 1st quarter worth approximately $209,000.
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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