Shares of Hancock Whitney Corp (NYSE:HWC) have been given an average recommendation of “Buy” by the six brokerages that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and five have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $52.33.
Several equities research analysts have recently commented on the company. Stephens set a $50.00 price objective on Hancock Whitney and gave the company a “buy” rating in a report on Wednesday, April 17th. Zacks Investment Research cut Hancock Whitney from a “buy” rating to a “sell” rating in a research note on Wednesday, April 3rd.
Shares of NYSE HWC traded down $0.45 during trading hours on Monday, hitting $39.30. The company had a trading volume of 8,618 shares, compared to its average volume of 452,636. Hancock Whitney has a 1-year low of $32.59 and a 1-year high of $53.00. The firm’s 50 day moving average price is $40.94.
Hancock Whitney (NYSE:HWC) last released its quarterly earnings data on Tuesday, April 16th. The company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.98 by $0.02. The company had revenue of $293.58 million during the quarter, compared to analyst estimates of $294.63 million. Hancock Whitney’s revenue was up 6.4% on a year-over-year basis.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Wednesday, June 5th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend was Tuesday, June 4th.
In related news, Director Joan Cahill Teofilo sold 1,150 shares of the stock in a transaction on Friday, June 14th. The stock was sold at an average price of $39.34, for a total value of $45,241.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Hedge funds have recently bought and sold shares of the business. Oregon Public Employees Retirement Fund bought a new position in Hancock Whitney during the 4th quarter worth $34,000. Toronto Dominion Bank bought a new position in shares of Hancock Whitney during the fourth quarter worth about $47,000. FMR LLC bought a new position in shares of Hancock Whitney during the fourth quarter worth about $47,000. Synovus Financial Corp bought a new stake in shares of Hancock Whitney during the fourth quarter valued at approximately $58,000. Finally, JOYN Advisors Inc. bought a new stake in shares of Hancock Whitney during the fourth quarter valued at approximately $88,000.
About Hancock Whitney
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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