Hancock Whitney (NASDAQ:HWC) Given New $85.00 Price Target at Barclays

Hancock Whitney (NASDAQ:HWC) had its price objective raised by Barclays from $82.00 to $85.00 in a research note published on Monday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

HWC has been the subject of a number of other reports. Stephens lowered their price target on shares of Hancock Whitney from $86.00 to $85.00 and set an “overweight” rating for the company in a report on Wednesday, July 22nd. Hovde Group lowered shares of Hancock Whitney from an “outperform” rating to a “market perform” rating and set a $74.00 price objective on the stock. in a report on Friday, June 12th. Piper Sandler reissued an “overweight” rating and issued a $87.00 price objective on shares of Hancock Whitney in a research report on Wednesday, July 22nd. Weiss Ratings upgraded Hancock Whitney from a “hold (c+)” rating to a “buy (b)” rating in a research note on Friday, August 21st. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and set a $87.00 target price on shares of Hancock Whitney in a research report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.56.

Hancock Whitney Stock Performance

Shares of HWC stock opened at $73.18 on Monday. Hancock Whitney has a one year low of $54.05 and a one year high of $80.13. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.82 and a current ratio of 0.82. The company has a 50 day moving average price of $75.54 and a 200 day moving average price of $71.50. The firm has a market capitalization of $5.87 billion, a price-to-earnings ratio of 14.35 and a beta of 0.97.

Hancock Whitney (NASDAQ:HWC) last announced its quarterly earnings results on Tuesday, July 21st. The company reported $1.55 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.55. The company had revenue of $403.57 million for the quarter, compared to analyst estimates of $398.89 million. Hancock Whitney had a net margin of 21.81% and a return on equity of 11.36%. Hancock Whitney’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last year, the business earned $1.37 EPS. Sell-side analysts anticipate that Hancock Whitney will post 6.45 EPS for the current year.

Hancock Whitney Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Friday, September 4th were paid a dividend of $0.50 per share. The ex-dividend date was Friday, September 4th. This represents a $2.00 annualized dividend and a yield of 2.7%. Hancock Whitney’s dividend payout ratio (DPR) is 39.22%.

Insider Buying and Selling at Hancock Whitney

In other Hancock Whitney news, CFO Michael Achary sold 22,694 shares of Hancock Whitney stock in a transaction on Friday, July 24th. The shares were sold at an average price of $76.18, for a total value of $1,728,828.92. Following the completion of the transaction, the chief financial officer owned 44,160 shares of the company’s stock, valued at $3,364,108.80. The trade was a 33.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Emory L. Mayfield, Jr. sold 4,990 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $76.40, for a total transaction of $381,236.00. Following the sale, the insider owned 15,565 shares of the company’s stock, valued at approximately $1,189,166. The trade was a 24.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.92% of the company’s stock.

Institutional Investors Weigh In On Hancock Whitney

Institutional investors have recently modified their holdings of the business. GAMMA Investing LLC boosted its position in Hancock Whitney by 8.3% in the 2nd quarter. GAMMA Investing LLC now owns 1,909 shares of the company’s stock valued at $143,000 after buying an additional 147 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Hancock Whitney by 0.6% during the first quarter. SG Americas Securities LLC now owns 24,457 shares of the company’s stock worth $1,555,000 after acquiring an additional 153 shares during the last quarter. BTC Capital Management Inc. raised its position in shares of Hancock Whitney by 1.9% during the first quarter. BTC Capital Management Inc. now owns 8,472 shares of the company’s stock worth $539,000 after acquiring an additional 162 shares during the last quarter. Hilton Head Capital Partners LLC lifted its stake in shares of Hancock Whitney by 31.0% during the first quarter. Hilton Head Capital Partners LLC now owns 719 shares of the company’s stock valued at $46,000 after acquiring an additional 170 shares during the period. Finally, IFP Advisors Inc boosted its holdings in Hancock Whitney by 26.0% in the second quarter. IFP Advisors Inc now owns 852 shares of the company’s stock valued at $64,000 after acquiring an additional 176 shares during the last quarter. Institutional investors own 81.22% of the company’s stock.

Hancock Whitney Company Profile

Hancock Whitney Corporation is a financial services company headquartered in Gulfport, Mississippi, and the parent company of Hancock Whitney Bank. Founded in 1883, the bank has grown from a community banking institution in coastal Mississippi into a regional bank serving individuals, businesses and institutions across the Gulf South.

Hancock Whitney provides personal and business deposit accounts, consumer and commercial loans, mortgages, credit and debit cards, online and mobile banking, and treasury management services.