Hancock Whitney (NASDAQ:HWC) Stock Price Expected to Rise, Piper Sandler Analyst Says

Hancock Whitney (NASDAQ:HWC - Get Free Report) had its price objective lifted by analysts at Piper Sandler from $70.00 to $72.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Piper Sandler's price target indicates a potential upside of 19.58% from the company's current price.

HWC has been the topic of several other reports. DA Davidson dropped their price target on shares of Hancock Whitney from $69.00 to $62.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Hovde Group increased their price target on shares of Hancock Whitney from $65.00 to $72.00 and gave the company an "outperform" rating in a research note on Wednesday. Keefe, Bruyette & Woods lowered shares of Hancock Whitney from an "outperform" rating to a "market perform" rating and increased their price target for the company from $62.00 to $63.00 in a research note on Friday, July 11th. Raymond James Financial reiterated a "strong-buy" rating and issued a $62.00 price target (down from $72.00) on shares of Hancock Whitney in a research note on Wednesday, April 16th. Finally, Stephens dropped their price target on shares of Hancock Whitney from $73.00 to $69.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $66.71.

Hancock Whitney Stock Down 0.0%

Shares of HWC stock traded down $0.03 during trading hours on Wednesday, reaching $60.21. 1,437,146 shares of the stock were exchanged, compared to its average volume of 633,314. The business's fifty day moving average is $56.72 and its two-hundred day moving average is $55.18. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.79 and a quick ratio of 0.82. Hancock Whitney has a 12-month low of $43.90 and a 12-month high of $62.40. The firm has a market capitalization of $5.16 billion, a P/E ratio of 10.99 and a beta of 1.05.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last released its earnings results on Tuesday, July 15th. The company reported $1.37 earnings per share for the quarter, topping analysts' consensus estimates of $1.36 by $0.01. Hancock Whitney had a net margin of 23.28% and a return on equity of 11.21%. The firm had revenue of $377.98 million for the quarter, compared to analyst estimates of $375.99 million. During the same period in the prior year, the firm earned $1.31 earnings per share. As a group, research analysts expect that Hancock Whitney will post 5.53 EPS for the current fiscal year.

Insider Buying and Selling at Hancock Whitney

In other news, Director Christine L. Pickering sold 838 shares of the stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $48.09, for a total value of $40,299.42. Following the completion of the sale, the director directly owned 23,019 shares of the company's stock, valued at approximately $1,106,983.71. This represents a 3.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.91% of the company's stock.

Institutional Investors Weigh In On Hancock Whitney

Several large investors have recently modified their holdings of the company. Brooklyn Investment Group acquired a new stake in shares of Hancock Whitney during the first quarter worth $31,000. Versant Capital Management Inc lifted its holdings in shares of Hancock Whitney by 554.6% during the first quarter. Versant Capital Management Inc now owns 707 shares of the company's stock worth $37,000 after purchasing an additional 599 shares during the period. Virtus Advisers LLC acquired a new stake in shares of Hancock Whitney during the first quarter worth $41,000. Amundi acquired a new stake in shares of Hancock Whitney during the first quarter worth $50,000. Finally, UMB Bank n.a. lifted its holdings in shares of Hancock Whitney by 1,132.1% during the first quarter. UMB Bank n.a. now owns 998 shares of the company's stock worth $52,000 after purchasing an additional 917 shares during the period. 81.22% of the stock is 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.