Hancock Whitney (NASDAQ:HWC) Earns Overweight Rating from Analysts at Barclays

Equities researchers at Barclays initiated coverage on shares of Hancock Whitney (NASDAQ:HWC) in a research note issued to investors on Wednesday, MarketBeat Ratings reports. The firm set an “overweight” rating and a $76.00 price target on the stock. Barclays‘s price objective points to a potential upside of 15.06% from the stock’s current price.

HWC has been the topic of a number of other research reports. Weiss Ratings restated a “buy (b)” rating on shares of Hancock Whitney in a report on Monday. Keefe, Bruyette & Woods boosted their target price on Hancock Whitney from $64.00 to $65.00 and gave the company a “market perform” rating in a research note on Tuesday, November 11th. Raymond James Financial dropped their price target on Hancock Whitney from $73.00 to $72.00 and set a “strong-buy” rating for the company in a research note on Wednesday, October 15th. Finally, Citigroup boosted their price objective on shares of Hancock Whitney from $70.00 to $74.00 and gave the company a “buy” rating in a research report on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $70.88.

Hancock Whitney Stock Performance

NASDAQ:HWC opened at $66.05 on Wednesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.81 and a current ratio of 0.81. Hancock Whitney has a fifty-two week low of $43.90 and a fifty-two week high of $67.10. The business has a 50 day moving average price of $59.70 and a 200-day moving average price of $59.87. The firm has a market cap of $5.52 billion, a PE ratio of 11.82 and a beta of 1.10.

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

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 that occurred on Friday, October 17th. The shares were sold at an average price of $54.86, for a total transaction of $542,784.84. Following the completion of the transaction, the chief financial officer owned 55,733 shares of the company’s stock, valued at approximately $3,057,512.38. This trade represents a 15.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.91% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. True Wealth Design LLC boosted its holdings in Hancock Whitney by 929.5% in the second quarter. True Wealth Design LLC now owns 453 shares of the company’s stock worth $26,000 after acquiring an additional 409 shares in the last quarter. Brooklyn Investment Group purchased a new stake in Hancock Whitney during the 1st quarter valued at about $31,000. IFP Advisors Inc grew its position in Hancock Whitney by 67.6% during the 3rd quarter. IFP Advisors Inc now owns 627 shares of the company’s stock valued at $39,000 after purchasing an additional 253 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Hancock Whitney during the 3rd quarter valued at about $45,000. Finally, Virtus Advisers LLC purchased a new position in Hancock Whitney in the first quarter worth about $41,000. Institutional investors own 81.22% of the company’s stock.

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.