Stephens Reiterates “$50.00” Price Target for Hancock Whitney (HWC)

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Stephens set a $50.00 price target on Hancock Whitney (NYSE:HWC) in a research report report published on Wednesday, AnalystRatings.com reports. The firm currently has a buy rating on the stock.

A number of other research firms have also commented on HWC. Zacks Investment Research lowered Hancock Whitney from a hold rating to a sell rating in a research report on Monday, April 15th. FIG Partners raised Hancock Whitney from a market-perform rating to an outperform rating in a research report on Thursday, January 17th. Hovde Group reaffirmed an outperform rating and set a $48.00 price target (up previously from $45.00) on shares of Hancock Whitney in a research report on Friday, January 18th. Finally, Raymond James lowered Hancock Whitney from a strong-buy rating to an outperform rating in a research report on Monday, January 7th. One analyst has rated the stock with a sell rating and five have given a buy rating to the stock. The company currently has an average rating of Buy and an average target price of $52.00.

Shares of HWC stock opened at $42.51 on Wednesday. Hancock Whitney has a 1-year low of $32.59 and a 1-year high of $55.00.

Hancock Whitney (NYSE:HWC) last issued its earnings results on Tuesday, April 16th. The company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.02. The company had revenue of $293.58 million for the quarter, compared to analysts’ expectations of $294.63 million. The business’s revenue was up 6.4% on a year-over-year basis.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio bought a new position in Hancock Whitney during the 4th quarter valued at approximately $1,829,000. Paragon Capital Management Ltd bought a new position in Hancock Whitney during the 4th quarter valued at approximately $249,000. American International Group Inc. bought a new position in Hancock Whitney during the 4th quarter valued at approximately $7,904,000. Bowling Portfolio Management LLC bought a new position in Hancock Whitney during the 4th quarter valued at approximately $1,635,000. Finally, Oregon Public Employees Retirement Fund bought a new position in Hancock Whitney during the 4th quarter valued at approximately $1,166,000.

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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