Hancock Whitney (NASDAQ:HWC) Given New $82.00 Price Target at Barclays

Hancock Whitney (NASDAQ:HWC) had its price objective boosted by Barclays from $80.00 to $82.00 in a research note issued to investors on Monday, MarketBeat.com reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price objective suggests a potential upside of 6.49% from the stock’s previous close.

Several other research analysts have also recently weighed in on HWC. Benchmark increased their price objective on Hancock Whitney from $84.00 to $91.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Weiss Ratings lowered Hancock Whitney from a “buy (b)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Stephens decreased their price target on shares of Hancock Whitney from $86.00 to $85.00 and set an “overweight” rating for the company in a research note on Wednesday, July 22nd. Raymond James Financial reiterated a “strong-buy” rating and set a $87.00 price target on shares of Hancock Whitney in a report on Wednesday, July 22nd. Finally, Wall Street Zen lowered Hancock Whitney from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $83.78.

Hancock Whitney Stock Performance

HWC stock opened at $77.00 on Monday. The business’s 50-day moving average price is $73.05 and its two-hundred day moving average price is $69.12. Hancock Whitney has a 1-year low of $54.05 and a 1-year high of $79.36. The company has a current ratio of 0.80, a quick ratio of 0.79 and a debt-to-equity ratio of 0.04. The firm has a market cap of $6.25 billion, a PE ratio of 15.10 and a beta of 0.95.

Hancock Whitney (NASDAQ:HWC) last posted its quarterly earnings data on Tuesday, July 21st. The company reported $1.55 earnings per share for the quarter, hitting the consensus estimate of $1.55. Hancock Whitney had a return on equity of 11.36% and a net margin of 21.81%.The company had revenue of $403.57 million during the quarter, compared to analysts’ expectations of $398.89 million. During the same period in the prior year, the firm earned $1.37 earnings per share. Hancock Whitney’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, research analysts forecast that Hancock Whitney will post 6.45 earnings per share for the current year.

Insider Transactions at Hancock Whitney

In other Hancock Whitney news, Director Christine L. Pickering sold 417 shares of Hancock Whitney stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $67.16, for a total value of $28,005.72. Following the transaction, the director owned 25,066 shares in the company, valued at $1,683,432.56. The trade was a 1.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Michael M. Achary sold 22,694 shares of Hancock Whitney stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $76.18, for a total value of $1,728,828.92. Following the sale, the chief financial officer directly owned 44,160 shares of the company’s stock, valued at approximately $3,364,108.80. This represents a 33.95% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.92% of the company’s stock.

Hedge Funds Weigh In On Hancock Whitney

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its position in Hancock Whitney by 8.3% during the second quarter. GAMMA Investing LLC now owns 1,909 shares of the company’s stock worth $143,000 after buying an additional 147 shares in the last quarter. SG Americas Securities LLC lifted its position in Hancock Whitney by 0.6% in the first quarter. SG Americas Securities LLC now owns 24,457 shares of the company’s stock valued at $1,555,000 after acquiring an additional 153 shares during the last quarter. Vident Advisory LLC boosted its position in shares of Hancock Whitney by 4.5% in the 4th quarter. Vident Advisory LLC now owns 3,517 shares of the company’s stock valued at $224,000 after purchasing an additional 153 shares during the period. BTC Capital Management Inc. grew its stake in shares of Hancock Whitney by 1.9% in the 1st quarter. BTC Capital Management Inc. now owns 8,472 shares of the company’s stock valued at $539,000 after purchasing an additional 162 shares during the last quarter. Finally, Hilton Head Capital Partners LLC raised its position in Hancock Whitney by 31.0% during the 1st quarter. Hilton Head Capital Partners LLC now owns 719 shares of the company’s stock worth $46,000 after buying an additional 170 shares during the last quarter. 81.22% of the stock is owned by hedge funds and other institutional investors.

Hancock Whitney Company Profile

Hancock Whitney Corporation (NASDAQ: HWC) is a regional financial services company headquartered in Gulfport, Mississippi. The firm was established in April 2019 through the merger of Hancock Holding Company and Whitney Holding Corporation, each of which traced its roots to the late 19th century. This combination created one of the largest bank holding companies in the Gulf South region, with a network of branches serving both urban and rural communities.

The company’s core business activities include commercial banking, retail banking and wealth management services.