Hancock Whitney (HWC) Downgraded to “Outperform” at Raymond James

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Raymond James downgraded shares of Hancock Whitney (NYSE:HWC) from a strong-buy rating to an outperform rating in a report released on Monday morning, MarketBeat.com reports.

A number of other research firms have also recently commented on HWC. Zacks Investment Research upgraded shares of Hancock Whitney from a hold rating to a buy rating and set a $56.00 price target on the stock in a report on Tuesday, September 18th. Stephens set a $59.00 price target on shares of Hancock Whitney and gave the stock a buy rating in a report on Wednesday, October 17th. Finally, FIG Partners upgraded shares of Hancock Whitney from a market perform rating to an outperform rating in a report on Thursday, December 6th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $55.75.

NYSE HWC opened at $37.62 on Monday. Hancock Whitney has a 12 month low of $32.59 and a 12 month high of $56.40.

Hancock Whitney (NYSE:HWC) last posted its quarterly earnings results on Tuesday, October 16th. The company reported $1.01 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.01. The company had revenue of $289.71 million during the quarter, compared to the consensus estimate of $292.73 million.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 14th. Shareholders of record on Wednesday, December 5th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend was Tuesday, December 4th.

In other Hancock Whitney news, insider Cecil W. Knight, Jr. bought 1,500 shares of the company’s stock in a transaction on Monday, October 22nd. The shares were bought at an average cost of $41.41 per share, for a total transaction of $62,115.00. The transaction was disclosed in a filing with the SEC, which is available through this link.

A number of institutional investors have recently modified their holdings of the business. Retirement Systems of Alabama bought a new position in Hancock Whitney during the 4th quarter worth about $3,826,000. Copper Rock Capital Partners LLC purchased a new stake in shares of Hancock Whitney during the fourth quarter valued at about $13,233,000. Finally, Foundry Partners LLC purchased a new stake in shares of Hancock Whitney during the fourth quarter valued at about $20,990,000.

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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