Weiss Ratings Reaffirms Buy (B-) Rating for Hancock Whitney (NASDAQ:HWC)

Hancock Whitney (NASDAQ:HWC)‘s stock had its “buy (b-)” rating reaffirmed by equities researchers at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

HWC has been the subject of several other research reports. Wall Street Zen lowered shares of Hancock Whitney from a “hold” rating to a “sell” rating in a research report on Monday, August 11th. Piper Sandler boosted their price objective on shares of Hancock Whitney from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 16th. DA Davidson boosted their price objective on shares of Hancock Whitney from $65.00 to $67.00 and gave the stock a “buy” rating in a research note on Wednesday, July 16th. Raymond James Financial reiterated a “strong-buy” rating on shares of Hancock Whitney in a research note on Monday, September 8th. Finally, Keefe, Bruyette & Woods downgraded shares of Hancock Whitney from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from $62.00 to $63.00 in a research note on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Hancock Whitney presently has an average rating of “Buy” and an average target price of $70.00.

Hancock Whitney Stock Performance

Shares of HWC stock opened at $62.83 on Wednesday. Hancock Whitney has a one year low of $43.90 and a one year high of $64.66. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.81 and a current ratio of 0.81. The company has a 50 day moving average price of $61.86 and a 200 day moving average price of $57.21. The firm has a market capitalization of $5.32 billion, a price-to-earnings ratio of 11.57 and a beta of 1.11.

Hancock Whitney (NASDAQ:HWC) last issued its quarterly earnings results on Tuesday, July 15th. The company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.36 by $0.01. Hancock Whitney had a net margin of 23.28% and a return on equity of 11.21%. The firm had revenue of $377.98 million during the quarter, compared to analyst estimates of $375.99 million. During the same quarter in the prior year, the business posted $1.31 earnings per share. Sell-side analysts anticipate that Hancock Whitney will post 5.53 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Corient Private Wealth LLC boosted its stake in shares of Hancock Whitney by 36.4% in the second quarter. Corient Private Wealth LLC now owns 14,111 shares of the company’s stock valued at $810,000 after purchasing an additional 3,769 shares during the period. Osaic Holdings Inc. boosted its stake in shares of Hancock Whitney by 196.9% in the second quarter. Osaic Holdings Inc. now owns 12,995 shares of the company’s stock valued at $746,000 after purchasing an additional 8,618 shares during the period. Orion Porfolio Solutions LLC purchased a new position in shares of Hancock Whitney in the second quarter valued at $428,000. Hohimer Wealth Management LLC purchased a new position in shares of Hancock Whitney in the second quarter valued at $247,000. Finally, Tower Research Capital LLC TRC raised its holdings in Hancock Whitney by 51.1% in the second quarter. Tower Research Capital LLC TRC now owns 13,155 shares of the company’s stock valued at $755,000 after acquiring an additional 4,448 shares in the last quarter. 81.22% of the stock is currently owned by hedge funds and other institutional investors.

Hancock Whitney Company Profile

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.