Zacks Investment Research downgraded shares of Hancock Whitney (NYSE:HWC) from a buy rating to a hold rating in a research report report published on Friday.

According to Zacks, “Shares of Hancock Whitney have underperformed the industry over the past six months. The company’s earnings have surpassed the Zacks Consensus Estimate in two and matched in two of the trailing four quarters. Its third-quarter 2018 results were aided by higher revenues and lower provisions, offset by an increase in expenses. Strategic initiatives, growth in loan and deposit balances, and improving rate environment will continue to support profitability. Further, the acquisition of the asset management and trust business of Capital One is expected to support growth. However, higher costs, owing to the company's business restructuring efforts, are likely to hurt bottom-line growth. Moreover, the company’s exposure toward risky loan portfolios remains a major concern as it might hamper financials in the near term.”

Other equities analysts have also issued reports about the stock. Raymond James decreased their price objective on shares of Hancock Whitney from $60.00 to $55.00 and set a strong-buy rating on the stock in a report on Thursday. Stephens restated a hold rating and issued a $54.00 price objective on shares of Hancock Whitney in a report on Wednesday, July 18th. Finally, Piper Jaffray Companies set a $59.00 price objective on shares of Hancock Whitney and gave the stock a buy rating in a report on Thursday, July 19th.

NYSE:HWC traded down $0.79 on Friday, hitting $41.85. The stock had a trading volume of 543,527 shares, compared to its average volume of 534,269. Hancock Whitney has a 1-year low of $41.00 and a 1-year high of $56.40.

Hancock Whitney (NYSE:HWC) last issued its quarterly earnings data on Tuesday, October 16th. The company reported $1.01 EPS for the quarter, hitting the consensus estimate of $1.01. The company had revenue of $289.71 million during the quarter, compared to analyst estimates of $292.73 million.

In related news, insider Joseph S. Exnicios sold 7,925 shares of the company’s stock in a transaction that occurred on Monday, July 23rd. The shares were sold at an average price of $51.75, for a total transaction of $410,118.75. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO John M. Hairston sold 15,941 shares of the company’s stock in a transaction that occurred on Tuesday, July 31st. The stock was sold at an average price of $50.18, for a total transaction of $799,919.38. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,452 shares of company stock worth $1,240,246.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Campbell & CO Investment Adviser LLC purchased a new stake in Hancock Whitney during the 2nd quarter worth approximately $285,000. Amalgamated Bank purchased a new stake in shares of Hancock Whitney in the 2nd quarter valued at approximately $582,000. Brown Advisory Inc. purchased a new stake in shares of Hancock Whitney in the 1st quarter valued at approximately $221,000. Fisher Asset Management LLC purchased a new stake in shares of Hancock Whitney in the 2nd quarter valued at approximately $9,543,000. Finally, Cornerstone Wealth Management LLC purchased a new stake in shares of Hancock Whitney in the 2nd quarter valued at approximately $3,363,000.

Hancock Whitney Company Profile

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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