Hancock Whitney Co. (NASDAQ:HWC) Receives $56.67 Average Target Price from Analysts

Shares of Hancock Whitney Co. (NASDAQ:HWC) have received a consensus rating of “Moderate Buy” from the nine ratings firms that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $56.67.

A number of brokerages have issued reports on HWC. Jefferies Financial Group cut their price target on shares of Hancock Whitney from $48.00 to $47.00 and set a “hold” rating on the stock in a report on Wednesday, July 3rd. DA Davidson lifted their target price on shares of Hancock Whitney from $57.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Hovde Group lifted their target price on shares of Hancock Whitney from $55.00 to $62.00 and gave the stock an “outperform” rating in a report on Wednesday, July 17th. Truist Financial decreased their price objective on shares of Hancock Whitney from $57.00 to $56.00 and set a “hold” rating for the company in a report on Friday, September 20th. Finally, Piper Sandler upped their target price on shares of Hancock Whitney from $52.00 to $62.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th.

Insider Buying and Selling

In related news, Director Frank E. Bertucci sold 2,053 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $57.03, for a total transaction of $117,082.59. Following the sale, the director now owns 22,554 shares of the company’s stock, valued at $1,286,254.62. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Hancock Whitney

Hedge funds and other institutional investors have recently made changes to their positions in the company. Victory Capital Management Inc. lifted its holdings in Hancock Whitney by 707.2% during the 2nd quarter. Victory Capital Management Inc. now owns 576,264 shares of the company’s stock valued at $27,563,000 after buying an additional 504,873 shares in the last quarter. AQR Capital Management LLC grew its position in Hancock Whitney by 213.7% during the 2nd quarter. AQR Capital Management LLC now owns 735,790 shares of the company’s stock worth $34,663,000 after purchasing an additional 501,259 shares during the last quarter. Hancock Whitney Corp grew its position in Hancock Whitney by 30.9% during the 2nd quarter. Hancock Whitney Corp now owns 1,069,223 shares of the company’s stock worth $51,141,000 after purchasing an additional 252,473 shares during the last quarter. American Century Companies Inc. grew its position in Hancock Whitney by 20.4% during the 2nd quarter. American Century Companies Inc. now owns 1,401,113 shares of the company’s stock worth $67,015,000 after purchasing an additional 237,526 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Hancock Whitney by 3.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,980,204 shares of the company’s stock valued at $238,197,000 after acquiring an additional 167,304 shares during the period. Hedge funds and other institutional investors own 81.22% of the company’s stock.

Hancock Whitney Stock Up 2.9 %

Shares of NASDAQ:HWC opened at $52.50 on Wednesday. The firm has a fifty day moving average price of $50.45 and a two-hundred day moving average price of $48.34. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market cap of $4.53 billion, a price-to-earnings ratio of 12.35 and a beta of 1.26. Hancock Whitney has a one year low of $32.16 and a one year high of $57.78.

Hancock Whitney (NASDAQ:HWC) last posted its quarterly earnings data on Tuesday, July 16th. The company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.11. The firm had revenue of $359.60 million for the quarter, compared to analysts’ expectations of $359.11 million. Hancock Whitney had a net margin of 18.63% and a return on equity of 11.51%. The business’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter last year, the company posted $1.35 EPS. Analysts anticipate that Hancock Whitney will post 5.14 EPS for the current fiscal year.

Hancock Whitney Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Thursday, September 5th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.05%. Hancock Whitney’s dividend payout ratio is 37.65%.

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.