Hancock Whitney (NASDAQ:HWC) Rating Increased to Strong-Buy at Raymond James

by · The Markets Daily

Hancock Whitney (NASDAQ:HWC – Get Free Report) was upgraded by equities researchers at Raymond James from a “moderate buy” rating to a “strong-buy” rating in a research note issued on Thursday,Zacks.com reports.

A number of other brokerages have also issued reports on HWC. Keefe, Bruyette & Woods raised their price target on Hancock Whitney from $60.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. Truist Financial lowered their target price 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. DA Davidson increased their price target on shares of Hancock Whitney from $62.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Finally, Stephens raised shares of Hancock Whitney from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $58.00.

Get Our Latest Stock Analysis on Hancock Whitney

Hancock Whitney Trading Up 2.1 %

Shares of HWC opened at $54.38 on Thursday. The firm’s 50-day moving average is $56.38 and its two-hundred day moving average is $52.02. Hancock Whitney has a twelve month low of $41.19 and a twelve month high of $62.40. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $4.68 billion, a P/E ratio of 12.19 and a beta of 1.27.

Hancock Whitney (NASDAQ:HWC – Get Free Report) last released its quarterly earnings data on Tuesday, October 15th. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.02. Hancock Whitney had a return on equity of 11.47% and a net margin of 19.30%. The firm had revenue of $525.37 million during the quarter, compared to the consensus estimate of $363.54 million. During the same period last year, the business posted $1.12 EPS. On average, research analysts predict that Hancock Whitney will post 5.19 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Hancock Whitney news, Director Carleton Richard Wilkins sold 800 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $50.95, for a total value of $40,760.00. Following the transaction, the director now directly owns 15,900 shares of the company’s stock, valued at $810,105. This represents a 4.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO John M. Hairston sold 18,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $59.44, for a total transaction of $1,069,920.00. Following the sale, the chief executive officer now directly owns 254,026 shares of the company’s stock, valued at $15,099,305.44. The trade was a 6.62 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 27,994 shares of company stock valued at $1,593,710. Corporate insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. grew its stake in Hancock Whitney by 707.2% in the second quarter. Victory Capital Management Inc. now owns 576,264 shares of the company’s stock worth $27,563,000 after purchasing an additional 504,873 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Hancock Whitney by 213.7% in the 2nd quarter. AQR Capital Management LLC now owns 735,790 shares of the company’s stock worth $34,663,000 after acquiring an additional 501,259 shares in the last quarter. Hancock Whitney Corp increased its holdings in shares of Hancock Whitney by 30.9% in the 2nd quarter. Hancock Whitney Corp now owns 1,069,223 shares of the company’s stock valued at $51,141,000 after acquiring an additional 252,473 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Hancock Whitney by 20.4% in the 2nd quarter. American Century Companies Inc. now owns 1,401,113 shares of the company’s stock valued at $67,015,000 after acquiring an additional 237,526 shares during the last quarter. Finally, Barclays PLC raised its position in shares of Hancock Whitney by 149.2% during the 3rd quarter. Barclays PLC now owns 321,196 shares of the company’s stock valued at $16,435,000 after acquiring an additional 192,295 shares in the last quarter. 81.22% of the stock is currently owned by institutional investors.

About Hancock Whitney

(Get Free Report)

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.

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