Hancock Whitney (NASDAQ:HWC) Stock Price Expected to Rise, Barclays Analyst Says

Hancock Whitney (NASDAQ:HWC) had its target price hoisted by investment analysts at Barclays from $82.00 to $85.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price objective would suggest a potential upside of 16.89% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. Raymond James Financial reiterated a “strong-buy” rating and set a $87.00 target price on shares of Hancock Whitney in a research note on Wednesday, July 22nd. Hovde Group lowered shares of Hancock Whitney from an “outperform” rating to a “market perform” rating and set a $74.00 price target for the company. in a research note on Friday, June 12th. Zacks Research cut shares of Hancock Whitney from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 29th. Benchmark increased their price objective on shares of Hancock Whitney from $84.00 to $91.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Hancock Whitney from $78.00 to $80.00 and gave the stock a “market perform” rating in a report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Hancock Whitney currently has an average rating of “Moderate Buy” and a consensus target price of $84.56.

Hancock Whitney Stock Down 0.6%

Shares of NASDAQ HWC opened at $72.72 on Monday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.82 and a current ratio of 0.82. Hancock Whitney has a 1 year low of $54.05 and a 1 year high of $80.13. The stock’s 50-day simple moving average is $75.45 and its 200-day simple moving average is $71.59. The firm has a market cap of $5.83 billion, a price-to-earnings ratio of 14.26 and a beta of 0.97.

Hancock Whitney (NASDAQ:HWC) last issued its quarterly earnings results on Tuesday, July 21st. The company reported $1.55 EPS for the quarter, meeting analysts’ consensus estimates of $1.55. Hancock Whitney had a return on equity of 11.36% and a net margin of 21.81%.The firm had revenue of $403.57 million during the quarter, compared to the consensus estimate of $398.89 million. During the same quarter in the prior year, the business posted $1.37 earnings per share. Hancock Whitney’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, equities analysts anticipate that Hancock Whitney will post 6.45 earnings per share for the current fiscal year.

Insider Buying and Selling at Hancock Whitney

In other Hancock Whitney news, CFO Michael Achary sold 22,694 shares of Hancock Whitney stock in a transaction on Friday, July 24th. The shares were sold at an average price of $76.18, for a total value of $1,728,828.92. Following the completion of the transaction, the chief financial officer owned 44,160 shares of the company’s stock, valued at $3,364,108.80. The trade was a 33.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Emory L. Mayfield, Jr. sold 4,990 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $76.40, for a total transaction of $381,236.00. Following the sale, the insider owned 15,565 shares of the company’s stock, valued at approximately $1,189,166. The trade was a 24.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.92% of the company’s stock.

Institutional Investors Weigh In On Hancock Whitney

A number of institutional investors have recently modified their holdings of HWC. Cim Investment Management Inc. raised its stake in Hancock Whitney by 7.3% during the second quarter. Cim Investment Management Inc. now owns 3,534 shares of the company’s stock worth $264,000 after acquiring an additional 240 shares during the period. Sequoia Financial Advisors LLC boosted its stake in Hancock Whitney by 20.7% in the second quarter. Sequoia Financial Advisors LLC now owns 17,434 shares of the company’s stock valued at $1,303,000 after acquiring an additional 2,987 shares during the period. Engineers Gate Manager LP bought a new position in shares of Hancock Whitney during the second quarter valued at approximately $1,794,000. Integrated Wealth Concepts LLC bought a new position in shares of Hancock Whitney during the second quarter valued at approximately $55,000. Finally, NewEdge Advisors LLC raised its position in shares of Hancock Whitney by 22.0% during the 2nd quarter. NewEdge Advisors LLC now owns 21,359 shares of the company’s stock worth $1,596,000 after purchasing an additional 3,856 shares during the period. Institutional investors own 81.22% of the company’s stock.

About Hancock Whitney

Hancock Whitney Corporation is a financial services company headquartered in Gulfport, Mississippi, and the parent company of Hancock Whitney Bank. Founded in 1883, the bank has grown from a community banking institution in coastal Mississippi into a regional bank serving individuals, businesses and institutions across the Gulf South.

Hancock Whitney provides personal and business deposit accounts, consumer and commercial loans, mortgages, credit and debit cards, online and mobile banking, and treasury management services.