Hancock Whitney (NASDAQ:HWC) Price Target Increased to $62.00 by Analysts at Piper Sandler

Hancock Whitney (NASDAQ:HWC) had its target price raised by Piper Sandler from $52.00 to $62.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Piper Sandler’s price objective points to a potential upside of 15.48% from the company’s current price.

Several other analysts have also commented on the company. Jefferies Financial Group cut their price objective on Hancock Whitney from $48.00 to $47.00 and set a “hold” rating for the company in a research report on Wednesday, July 3rd. Hovde Group raised their price objective on Hancock Whitney from $55.00 to $62.00 and gave the company an “outperform” rating in a report on Wednesday. Stephens reiterated an “equal weight” rating and issued a $50.00 target price on shares of Hancock Whitney in a research report on Wednesday, April 17th. Citigroup upped their price objective on shares of Hancock Whitney from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Finally, DA Davidson raised their target price on shares of Hancock Whitney from $55.00 to $57.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $55.56.

Hancock Whitney Stock Up 5.1 %

HWC stock traded up $2.59 on Wednesday, hitting $53.69. 1,185,736 shares of the company’s stock were exchanged, compared to its average volume of 422,453. Hancock Whitney has a 12-month low of $32.16 and a 12-month high of $54.22. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market cap of $4.65 billion, a P/E ratio of 12.52 and a beta of 1.29. The firm has a 50 day moving average price of $46.68 and a two-hundred day moving average price of $45.36.

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

Insider Buying and Selling at Hancock Whitney

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Turtle Creek Wealth Advisors LLC acquired a new position in Hancock Whitney in the fourth quarter valued at $29,000. Mather Group LLC. purchased a new position in Hancock Whitney during the 2nd quarter worth approximately $37,000. CWM LLC increased its position in Hancock Whitney by 268.9% during the second quarter. CWM LLC now owns 985 shares of the company’s stock worth $47,000 after buying an additional 718 shares during the period. OLD Point Trust & Financial Services N A purchased a new stake in Hancock Whitney in the fourth quarter valued at approximately $49,000. Finally, Quadrant Capital Group LLC boosted its holdings in shares of Hancock Whitney by 35.2% in the fourth quarter. Quadrant Capital Group LLC now owns 1,260 shares of the company’s stock valued at $61,000 after acquiring an additional 328 shares during the period. 81.22% of the stock is owned by hedge funds and other institutional investors.

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.