Hancock Whitney (NASDAQ:HWC) Stock Rating Reaffirmed by Piper Sandler

Hancock Whitney (NASDAQ:HWC)‘s stock had its “overweight” rating reaffirmed by equities research analysts at Piper Sandler in a report released on Wednesday, Benzinga reports. They presently have a $52.00 price target on the stock, down from their prior price target of $55.00. Piper Sandler’s target price would indicate a potential upside of 21.69% from the company’s current price.

Several other brokerages also recently issued reports on HWC. Jefferies Financial Group cut their price objective 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. Stephens restated an “equal weight” rating and set a $50.00 price objective on shares of Hancock Whitney in a research report on Wednesday. Citigroup upgraded shares of Hancock Whitney from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $48.00 to $50.00 in a research report on Wednesday. Truist Financial raised their target price on shares of Hancock Whitney from $48.00 to $50.00 and gave the stock a “hold” rating in a report on Monday, April 1st. Finally, StockNews.com cut shares of Hancock Whitney from a “hold” rating to a “sell” rating in a report on Sunday, March 31st. One research 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 company currently has an average rating of “Hold” and a consensus price target of $49.75.

Hancock Whitney Trading Up 0.2 %

Shares of NASDAQ:HWC opened at $42.73 on Wednesday. The company has a 50-day simple moving average of $43.55 and a 200 day simple moving average of $42.43. 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 company has a market capitalization of $3.70 billion, a P/E ratio of 9.96 and a beta of 1.33. Hancock Whitney has a 52-week low of $31.02 and a 52-week high of $49.65.

Hancock Whitney (NASDAQ:HWC) last issued its quarterly earnings data on Tuesday, January 16th. The company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.07. The firm had revenue of $308.41 million during the quarter, compared to the consensus estimate of $355.51 million. Hancock Whitney had a net margin of 19.07% and a return on equity of 12.08%. During the same period last year, the business posted $1.65 earnings per share. Sell-side analysts forecast that Hancock Whitney will post 4.8 earnings per share for the current year.

Insider Activity at Hancock Whitney

In related news, COO D Shane Loper sold 17,690 shares of Hancock Whitney stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $46.81, for a total value of $828,068.90. Following the transaction, the chief operating officer now directly owns 71,148 shares of the company’s stock, valued at $3,330,437.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Hancock Whitney news, insider Christopher S. Ziluca sold 3,636 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $43.50, for a total value of $158,166.00. Following the sale, the insider now owns 35,285 shares in the company, valued at $1,534,897.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO D Shane Loper sold 17,690 shares of the firm’s stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $46.81, for a total transaction of $828,068.90. Following the completion of the sale, the chief operating officer now owns 71,148 shares in the company, valued at approximately $3,330,437.88. The disclosure for this sale can be found here. Insiders have sold 31,183 shares of company stock valued at $1,450,992 over the last three months. 1.10% of the stock is owned by insiders.

Institutional Trading of Hancock Whitney

A number of hedge funds have recently added to or reduced their stakes in HWC. American Century Companies Inc. lifted its holdings in shares of Hancock Whitney by 13.1% during the third quarter. American Century Companies Inc. now owns 832,405 shares of the company’s stock worth $30,791,000 after purchasing an additional 96,522 shares during the period. Deutsche Bank AG lifted its holdings in shares of Hancock Whitney by 4.2% during the third quarter. Deutsche Bank AG now owns 122,077 shares of the company’s stock worth $4,516,000 after purchasing an additional 4,886 shares during the period. Channing Capital Management LLC lifted its holdings in shares of Hancock Whitney by 16.0% during the third quarter. Channing Capital Management LLC now owns 1,407,511 shares of the company’s stock worth $52,064,000 after purchasing an additional 194,100 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Hancock Whitney by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,039,436 shares of the company’s stock worth $38,449,000 after purchasing an additional 14,625 shares during the period. Finally, Great Lakes Advisors LLC lifted its holdings in shares of Hancock Whitney by 5.8% during the third quarter. Great Lakes Advisors LLC now owns 443,036 shares of the company’s stock worth $16,388,000 after purchasing an additional 24,290 shares during the period. Institutional investors and hedge funds own 81.22% of the company’s stock.

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.