Hancock Whitney Corporation (NASDAQ:HWC) Stock Has Consensus Target Price of $84.56 According to Brokerages

Key Points

• Hancock Whitney has a “Moderate Buy” consensus rating from 11 analysts, with seven buys, three holds and one strong buy. The average 12-month price target is $84.56, above the reported share price of $71.82.
• Recent analyst actions were mixed but generally favorable: Barclays raised its target to $85 and assigned an “overweight” rating, while Zacks Research downgraded the stock to “hold.”
• The company matched quarterly earnings expectations at $1.66 per share and slightly exceeded revenue estimates with $421.91 million in revenue. Institutional investors own 81.22% of the stock, while an insider recently sold 4,990 shares.

Hancock Whitney Corporation (NASDAQ:HWC - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the eleven analysts that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $84.56.

Several equities analysts recently issued reports on HWC shares. Zacks Research lowered Hancock Whitney from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 29th. Weiss Ratings raised Hancock Whitney from a "hold (c+)" rating to a "buy (b)" rating in a research report on Friday, August 21st. Raymond James Financial reiterated a "strong-buy" rating on shares of Hancock Whitney in a research note on Wednesday, October 21st. Wall Street Zen upgraded shares of Hancock Whitney from a "sell" rating to a "hold" rating in a research note on Saturday, August 15th. Finally, Barclays increased their price target on shares of Hancock Whitney from $82.00 to $85.00 and gave the stock an "overweight" rating in a research report on Monday, October 5th.

Insiders Place Their Bets

In related news, insider Emory L. Mayfield, Jr. sold 4,990 shares of the company's stock in a transaction that occurred 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 directly owned 15,565 shares of the company's stock, valued at $1,189,166. This represents a 24.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.92% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Hancock Whitney

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HWC. Allworth Financial LP acquired a new position in Hancock Whitney during the 2nd quarter worth approximately $28,000. Root Financial Partners LLC increased its position in shares of Hancock Whitney by 70.9% in the 1st quarter. Root Financial Partners LLC now owns 612 shares of the company's stock valued at $39,000 after purchasing an additional 254 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Hancock Whitney in the 2nd quarter valued at approximately $55,000. IFP Advisors Inc increased its position in shares of Hancock Whitney by 26.0% in the 2nd quarter. IFP Advisors Inc now owns 852 shares of the company's stock valued at $64,000 after purchasing an additional 176 shares during the last quarter. Finally, Global Retirement Partners LLC acquired a new stake in shares of Hancock Whitney in the 2nd quarter valued at $74,000. Hedge funds and other institutional investors own 81.22% of the company's stock.

Hancock Whitney Stock Down 0.9%

NASDAQ:HWC opened at $71.82 on Thursday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.05. The stock's fifty day moving average is $73.77 and its two-hundred day moving average is $70.82. Hancock Whitney has a 52 week low of $55.11 and a 52 week high of $80.13. The stock has a market capitalization of $5.76 billion, a price-to-earnings ratio of 14.45 and a beta of 0.97.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last released its quarterly earnings results on Tuesday, October 20th. The company reported $1.66 EPS for the quarter, hitting the consensus estimate of $1.66. The business had revenue of $421.91 million during the quarter, compared to analyst estimates of $421.75 million. Hancock Whitney had a return on equity of 11.65% and a net margin of 20.51%. During the same period last year, the business posted $1.49 earnings per share. Research analysts anticipate that Hancock Whitney will post 6.42 EPS for the current year.

About Hancock Whitney

Hancock Whitney Corporation is a financial services company headquartered in Gulfport, Mississippi, and the parent company of Hancock Whitney Bank. The bank provides banking and financial services to individuals, businesses, and institutions through branches and digital banking channels.

Its products and services include checking and savings accounts, consumer and commercial lending, residential mortgages, credit cards, treasury and cash management services, and online and mobile banking.

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