Hancock Whitney (NASDAQ:HWC) Price Target Cut to $46.00

Hancock Whitney (NASDAQ:HWC) had its target price reduced by equities research analysts at Truist Financial from $50.00 to $46.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “hold” rating on the stock. Truist Financial’s target price indicates a potential upside of 7.65% from the company’s current price.

A number of other equities analysts have also recently commented on HWC. Citigroup upgraded Hancock Whitney from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $48.00 to $50.00 in a report on Wednesday. DA Davidson lifted their target price on Hancock Whitney from $55.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday. Jefferies Financial Group dropped their price objective on Hancock Whitney from $51.00 to $45.00 and set a “hold” rating for the company in a report on Monday, April 8th. Stephens restated an “equal weight” rating and set a $50.00 price objective on shares of Hancock Whitney in a report on Wednesday. Finally, Raymond James boosted their price objective on Hancock Whitney from $45.00 to $55.00 and gave the company an “outperform” rating in a report on Friday, January 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Hancock Whitney has a consensus rating of “Hold” and an average target price of $49.75.

Hancock Whitney Stock Performance

NASDAQ:HWC opened at $42.73 on Wednesday. The company has a market cap of $3.70 billion, a price-to-earnings ratio of 9.96 and a beta of 1.33. 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 stock’s 50 day simple moving average is $43.55 and its two-hundred day simple moving average is $42.43. Hancock Whitney has a 1 year low of $31.02 and a 1 year high of $49.65.

Hancock Whitney (NASDAQ:HWC) last announced its earnings results on Tuesday, January 16th. The company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.07. The firm had revenue of $308.41 million during the quarter, compared to analysts’ expectations of $355.51 million. Hancock Whitney had a return on equity of 12.08% and a net margin of 19.07%. During the same quarter in the previous year, the business earned $1.65 EPS. As a group, equities analysts anticipate that Hancock Whitney will post 4.8 earnings per share for the current fiscal year.

Insider Transactions at Hancock Whitney

In other news, insider Christopher S. Ziluca sold 3,636 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $43.50, for a total value of $158,166.00. Following the completion of the transaction, the insider now directly owns 35,285 shares of the company’s stock, valued at approximately $1,534,897.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Hancock Whitney news, insider Christopher S. Ziluca sold 3,636 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $43.50, for a total value of $158,166.00. Following the completion of the sale, the insider now directly owns 35,285 shares in the company, valued at $1,534,897.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Joseph S. Exnicios sold 9,857 shares of the stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $47.15, for a total value of $464,757.55. Following the completion of the sale, the insider now owns 30,159 shares of the company’s stock, valued at $1,421,996.85. The disclosure for this sale can be found here. In the last three months, insiders sold 31,183 shares of company stock valued at $1,450,992. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Hancock Whitney

Several institutional investors have recently bought and sold shares of the business. Turtle Creek Wealth Advisors LLC purchased a new position in Hancock Whitney during the fourth quarter worth approximately $29,000. Sunbelt Securities Inc. lifted its position in Hancock Whitney by 136.8% during the second quarter. Sunbelt Securities Inc. now owns 1,011 shares of the company’s stock worth $39,000 after buying an additional 584 shares in the last quarter. Covestor Ltd lifted its position in Hancock Whitney by 81.0% during the first quarter. Covestor Ltd now owns 760 shares of the company’s stock worth $40,000 after buying an additional 340 shares in the last quarter. Coppell Advisory Solutions Corp. purchased a new position in Hancock Whitney during the fourth quarter worth approximately $45,000. Finally, Lazard Asset Management LLC lifted its position in Hancock Whitney by 151.1% during the first quarter. Lazard Asset Management LLC now owns 904 shares of the company’s stock worth $47,000 after buying an additional 544 shares in the last quarter. 81.22% of the stock is owned by institutional investors and hedge funds.

About Hancock Whitney

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.