Analysts Set Hancock Whitney Corporation (NASDAQ:HWC) Price Target at $70.14

Shares of Hancock Whitney Corporation (NASDAQ:HWC) have earned an average rating of “Buy” from the eight research firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $70.1429.

Several brokerages have commented on HWC. Citigroup upped their price target on Hancock Whitney from $70.00 to $74.00 and gave the stock a “buy” rating in a research note on Tuesday, August 26th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Hancock Whitney in a report on Monday, December 1st. Raymond James Financial cut their price target on shares of Hancock Whitney from $73.00 to $72.00 and set a “strong-buy” rating on the stock in a report on Wednesday, October 15th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Hancock Whitney from $64.00 to $65.00 and gave the company a “market perform” rating in a research report on Tuesday, November 11th.

Insider Transactions at Hancock Whitney

In other Hancock Whitney news, CFO Michael M. Achary sold 9,894 shares of the firm’s stock in a transaction dated Friday, October 17th. The stock was sold at an average price of $54.86, for a total value of $542,784.84. Following the transaction, the chief financial officer directly owned 55,733 shares of the company’s stock, valued at $3,057,512.38. This trade represents a 15.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.91% of the company’s stock.

Institutional Investors Weigh In On Hancock Whitney

A number of hedge funds have recently made changes to their positions in the business. True Wealth Design LLC raised its holdings in Hancock Whitney by 929.5% during the second quarter. True Wealth Design LLC now owns 453 shares of the company’s stock worth $26,000 after purchasing an additional 409 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of Hancock Whitney during the first quarter valued at approximately $31,000. IFP Advisors Inc lifted its holdings in shares of Hancock Whitney by 67.6% in the third quarter. IFP Advisors Inc now owns 627 shares of the company’s stock valued at $39,000 after purchasing an additional 253 shares in the last quarter. Virtus Advisers LLC purchased a new stake in Hancock Whitney in the 1st quarter worth about $41,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Hancock Whitney in the third quarter worth approximately $45,000. Institutional investors own 81.22% of the company’s stock.

Hancock Whitney Stock Performance

NASDAQ:HWC opened at $65.71 on Monday. The company has a market cap of $5.49 billion, a P/E ratio of 11.75 and a beta of 1.10. The firm’s 50 day moving average is $59.38 and its two-hundred day moving average is $59.49. Hancock Whitney has a fifty-two week low of $43.90 and a fifty-two week high of $66.02. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.05.

Hancock Whitney (NASDAQ:HWC) last released its quarterly earnings data on Tuesday, October 14th. The company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.06. Hancock Whitney had a return on equity of 11.29% and a net margin of 23.99%.The business had revenue of $175.56 million during the quarter, compared to the consensus estimate of $391.32 million. During the same period in the prior year, the firm posted $1.33 EPS. Analysts expect that Hancock Whitney will post 5.53 EPS for the current year.

Hancock Whitney Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, December 5th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Friday, December 5th. Hancock Whitney’s dividend payout ratio is 32.20%.

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.