Hancock Whitney (NYSE:HWC) Stock Rating Lowered by Bank of America

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Hancock Whitney (NYSE:HWC) was downgraded by stock analysts at Bank of America from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Thursday, MarketBeat.com reports.

Several other research firms also recently commented on HWC. Stephens assumed coverage on shares of LiqTech International in a research report on Tuesday. They issued an “overweight” rating and a $13.00 price target for the company. Zacks Investment Research upgraded shares of GreenTree Hospitality Group from a “sell” rating to a “hold” rating in a research report on Monday, April 15th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. Hancock Whitney currently has an average rating of “Buy” and an average price target of $50.40.

HWC stock opened at $39.51 on Thursday. The firm has a fifty day simple moving average of $39.47. Hancock Whitney has a 12 month low of $32.59 and a 12 month high of $53.00.

Hancock Whitney (NYSE:HWC) last released its quarterly earnings results on Tuesday, April 16th. The company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.98 by $0.02. The business had revenue of $293.58 million during the quarter, compared to analysts’ expectations of $294.63 million. The company’s revenue for the quarter was up 6.4% on a year-over-year basis.

In other Hancock Whitney news, Director Joan Cahill Teofilo sold 1,150 shares of the business’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $39.34, for a total value of $45,241.00. The sale was disclosed in a legal filing with the SEC, which is available through this link.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP acquired a new position in Hancock Whitney in the 4th quarter valued at $123,438,000. Macquarie Group Ltd. acquired a new position in shares of Hancock Whitney during the 4th quarter worth $101,036,000. Northern Trust Corp acquired a new position in shares of Hancock Whitney during the 4th quarter worth $64,031,000. Bank of New York Mellon Corp acquired a new position in shares of Hancock Whitney during the 4th quarter worth $57,218,000. Finally, Wells Fargo & Company MN grew its stake in shares of Hancock Whitney by 3.9% during the 1st quarter. Wells Fargo & Company MN now owns 1,193,808 shares of the company’s stock worth $48,229,000 after purchasing an additional 44,790 shares during the period.

About Hancock Whitney

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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Analyst Recommendations for Hancock Whitney (NYSE:HWC)

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