Hancock Whitney (NASDAQ:HWC) PT Raised to $60.00 at Keefe, Bruyette & Woods

Hancock Whitney (NASDAQ:HWC) had its price target hoisted by Keefe, Bruyette & Woods from $55.00 to $60.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 7.20% from the company’s previous close.

HWC has been the topic of a number of other reports. Truist Financial lifted their price objective on shares of Hancock Whitney from $49.00 to $57.00 and gave the company a “hold” rating in a report on Wednesday. Piper Sandler increased their price objective on shares of Hancock Whitney from $52.00 to $62.00 and gave the stock an “overweight” rating in a research note on Wednesday. Jefferies Financial Group dropped their target price on Hancock Whitney from $48.00 to $47.00 and set a “hold” rating on the stock in a report on Wednesday, July 3rd. Stephens restated an “equal weight” rating and issued a $50.00 price target on shares of Hancock Whitney in a research note on Wednesday, April 17th. Finally, DA Davidson upped their price objective on Hancock Whitney from $55.00 to $57.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $56.11.

Hancock Whitney Stock Up 4.2 %

HWC traded up $2.28 during trading on Wednesday, hitting $55.97. The company had a trading volume of 317,758 shares, compared to its average volume of 479,411. The company has a market capitalization of $4.85 billion, a PE ratio of 13.05 and a beta of 1.29. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.06. Hancock Whitney has a one year low of $32.16 and a one year high of $56.57. The firm’s 50-day moving average price is $46.68 and its 200 day moving average price is $45.36.

Hancock Whitney (NASDAQ:HWC) last issued its quarterly earnings results on Tuesday, July 16th. The company reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.11. The company had revenue of $359.60 million for the quarter, compared to analyst estimates of $359.11 million. Hancock Whitney had a return on equity of 11.89% and a net margin of 19.07%. The company’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.35 earnings per share. As a group, equities analysts expect that Hancock Whitney will post 4.88 earnings per share for the current year.

Insider Transactions at Hancock Whitney

In other news, insider Cecil W. Knight, Jr. sold 844 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $46.82, for a total value of $39,516.08. Following the transaction, the insider now owns 58,843 shares of the company’s stock, valued at $2,755,029.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Hancock Whitney news, Director Christine L. Pickering sold 1,300 shares of the stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $45.62, for a total transaction of $59,306.00. Following the transaction, the director now owns 23,982 shares in the company, valued at approximately $1,094,058.84. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Cecil W. Knight, Jr. sold 844 shares of Hancock Whitney stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $46.82, for a total transaction of $39,516.08. Following the completion of the sale, the insider now owns 58,843 shares of the company’s stock, valued at $2,755,029.26. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Hancock Whitney

A number of large investors have recently added to or reduced their stakes in the stock. DMC Group LLC increased its holdings in Hancock Whitney by 26.0% in the 2nd quarter. DMC Group LLC now owns 5,525 shares of the company’s stock valued at $264,000 after buying an additional 1,140 shares during the period. SG Americas Securities LLC raised its position in Hancock Whitney by 5.5% during the second quarter. SG Americas Securities LLC now owns 10,865 shares of the company’s stock valued at $520,000 after purchasing an additional 568 shares in the last quarter. CWM LLC boosted its holdings in shares of Hancock Whitney by 268.9% in the 2nd quarter. CWM LLC now owns 985 shares of the company’s stock valued at $47,000 after purchasing an additional 718 shares in the last quarter. Mather Group LLC. bought a new position in shares of Hancock Whitney in the 2nd quarter valued at $37,000. Finally, Boston Partners lifted its position in shares of Hancock Whitney by 0.5% during the 1st quarter. Boston Partners now owns 624,417 shares of the company’s stock worth $28,811,000 after buying an additional 3,313 shares during the last quarter. Institutional investors and hedge funds own 81.22% of the company’s stock.

Hancock Whitney Company Profile

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.