Other research analysts have also recently published reports on the stock. Truist Financial moved Hancock Whitney shares from a “hold” rating to a “buy” rating and raised its target price for the company from $50.00 to $70.00 in a Wednesday 19 research report. January. Raymond James raised his price target on Hancock Whitney shares from $60.00 to $65.00 and gave the company a “Strong Buy” rating in a Wednesday, Jan. 19 research report. Four analysts gave the stock a buy rating and one gave the company a strong buy rating. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $61.00.
The NASDAQ HWC opened at $52.99 on Friday. The company has a market capitalization of $4.59 billion, a PE ratio of 10.15 and a beta of 1.46. The company has a fifty-day moving average of $54.11 and a 200-day moving average of $50.74. Hancock Whitney has a 1 year low of $39.00 and a 1 year high of $59.82. The company has a debt ratio of 0.07, a current ratio of 0.78 and a quick ratio of 0.78.
Hancock Whitney (NASDAQ:HWC – Get a rating) last reported results on Tuesday, January 18. The company reported earnings per share (EPS) of $1.51 for the quarter, beating consensus analyst estimates of $1.35 by $0.16. The company posted revenue of $318.91 million in the quarter, versus a consensus estimate of $321.68 million. Hancock Whitney had a net margin of 34.40% and a return on equity of 13.76%. In the same period a year earlier, the company posted earnings per share of $0.96. Research analysts expect Hancock Whitney to post earnings per share of 5.29 for the current year.
In other news from Hancock Whitney, an insider Joseph S. Exnicios sold 5,300 shares of the company in a transaction dated Friday, January 21. The shares were sold at an average price of $53.10, for a total value of $281,430.00. The sale was disclosed in a filing with the Securities & Exchange Commission, available at the SEC website. Company insiders own 1.22% of the company’s shares.
Several institutional investors and hedge funds have recently increased or reduced their stake in the stock. State of Michigan Retirement System increased its position in Hancock Whitney shares by 0.9% during the fourth quarter. State of Michigan Retirement System now owns 21,986 shares of the company worth $1,100,000 after buying 200 more shares in the last quarter. Pacer Advisors Inc. increased its position in Hancock Whitney shares by 2.3% during the fourth quarter. Pacer Advisors Inc. now owns 11,928 shares of the company worth $597,000 after purchasing an additional 264 shares in the last quarter. Amalgamated Bank increased its position in Hancock Whitney shares by 0.5% during the fourth quarter. Amalgamated Bank now owns 57,788 shares of the company worth $2,891,000 after buying 289 more shares in the last quarter. The State Board of Administration of Florida Retirement System raised its position in Hancock Whitney shares by 0.7% during the third quarter. The Florida Retirement System State Board of Directors now owns 41,410 shares of the company worth $1,951,000 after purchasing an additional 290 shares in the last quarter. Finally, MetLife Investment Management LLC increased its position in Hancock Whitney shares by 0.5% during the 4th quarter. MetLife Investment Management LLC now owns 72,057 shares of the company worth $3,604,000 after buying 353 additional shares in the last quarter. Hedge funds and other institutional investors hold 78.26% of the company’s shares.
About Hancock Whitney (Get a rating)
Hancock Whitney Corporation operates as a banking holding company for Hancock Whitney Bank which provides a range of banking products and services to commercial, small business and retail customers. It accepts various deposit products, such as non-interest bearing demand deposits, interest bearing transaction accounts, savings accounts, money market deposit accounts and term deposit accounts.
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