Brokerages Set Hancock Whitney Corporation (NASDAQ:HWC) Price Target at $61.25

Hancock Whitney Corporation (NASDAQ:HWC - Get Free Report) has been given a consensus rating of "Moderate Buy" by the eight research firms that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $61.25.

HWC has been the subject of a number of research reports. Stephens reduced their price target on shares of Hancock Whitney from $73.00 to $69.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Raymond James Financial reaffirmed a "strong-buy" rating and set a $62.00 price objective (down from $72.00) on shares of Hancock Whitney in a report on Wednesday, April 16th. Wall Street Zen upgraded Hancock Whitney from a "sell" rating to a "hold" rating in a research report on Monday, March 3rd. DA Davidson lowered their target price on Hancock Whitney from $69.00 to $62.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Finally, Piper Sandler restated an "overweight" rating and issued a $70.00 price target (up previously from $68.00) on shares of Hancock Whitney in a research report on Wednesday, April 16th.

Hancock Whitney Price Performance

Shares of NASDAQ HWC traded up $0.43 during trading on Monday, hitting $53.61. 765,126 shares of the company were exchanged, compared to its average volume of 606,192. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.82 and a quick ratio of 0.82. Hancock Whitney has a 1 year low of $43.90 and a 1 year high of $62.40. The company has a market cap of $4.59 billion, a price-to-earnings ratio of 9.89 and a beta of 1.05. The firm's fifty day moving average price is $53.37 and its 200 day moving average price is $54.87.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last announced its quarterly earnings data on Tuesday, April 15th. The company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.28 by $0.10. The firm had revenue of $367.50 million during the quarter, compared to analysts' expectations of $368.12 million. Hancock Whitney had a net margin of 23.15% and a return on equity of 11.43%. On average, sell-side analysts expect that Hancock Whitney will post 5.53 earnings per share for the current fiscal year.

Hancock Whitney Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Thursday, June 5th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 3.36%. The ex-dividend date was Thursday, June 5th. Hancock Whitney's payout ratio is 33.21%.

Insider Transactions at Hancock Whitney

In other news, Director Christine L. Pickering sold 838 shares of Hancock Whitney stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $48.09, for a total transaction of $40,299.42. Following the completion of the sale, the director now directly owns 23,019 shares in the company, valued at $1,106,983.71. The trade was a 3.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.91% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of Hancock Whitney by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 10,097,563 shares of the company's stock valued at $552,539,000 after purchasing an additional 181,706 shares during the period. Wellington Management Group LLP boosted its stake in Hancock Whitney by 50.4% in the 1st quarter. Wellington Management Group LLP now owns 3,057,103 shares of the company's stock worth $160,345,000 after buying an additional 1,024,869 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its holdings in Hancock Whitney by 12.7% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,089,454 shares of the company's stock valued at $109,592,000 after buying an additional 235,363 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Hancock Whitney by 6.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,027,364 shares of the company's stock valued at $105,139,000 after buying an additional 128,860 shares during the period. Finally, American Century Companies Inc. increased its stake in shares of Hancock Whitney by 0.4% during the 1st quarter. American Century Companies Inc. now owns 1,465,661 shares of the company's stock valued at $76,874,000 after acquiring an additional 6,315 shares during the last quarter. 81.22% of the stock is currently owned by institutional investors and hedge funds.

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.