Hancock Whitney (NASDAQ:HWC) Price Target Raised to $72.00 at Hovde Group

Hancock Whitney (NASDAQ:HWC - Get Free Report) had its price objective boosted by analysts at Hovde Group from $65.00 to $72.00 in a note issued to investors on Wednesday, MarketBeat.com reports. The brokerage presently has an "outperform" rating on the stock. Hovde Group's target price indicates a potential upside of 19.58% from the company's current price.

Other equities research analysts have also issued research reports about the stock. Piper Sandler reissued an "overweight" rating and set a $70.00 target price (up previously from $68.00) on shares of Hancock Whitney in a research note on Wednesday, April 16th. Keefe, Bruyette & Woods lowered shares of Hancock Whitney from an "outperform" rating to a "market perform" rating and lifted their target price for the company from $62.00 to $63.00 in a research note on Friday, July 11th. Raymond James Financial reissued a "strong-buy" rating and set a $62.00 target price (down previously from $72.00) on shares of Hancock Whitney in a research note on Wednesday, April 16th. DA Davidson decreased their target price on shares of Hancock Whitney from $69.00 to $62.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Finally, Stephens decreased their target price on shares of Hancock Whitney from $73.00 to $69.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Hancock Whitney has an average rating of "Moderate Buy" and an average price target of $66.71.

Hancock Whitney Trading Down 0.0%

NASDAQ HWC traded down $0.03 on Wednesday, hitting $60.21. 1,437,146 shares of the stock were exchanged, compared to its average volume of 633,314. Hancock Whitney has a 52-week low of $43.90 and a 52-week high of $62.40. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.79 and a quick ratio of 0.82. The company has a market capitalization of $5.16 billion, a price-to-earnings ratio of 10.99 and a beta of 1.05. The company's 50-day moving average price is $56.72 and its two-hundred day moving average price is $55.18.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last issued its earnings results on Tuesday, July 15th. The company reported $1.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.36 by $0.01. The company had revenue of $377.98 million during the quarter, compared to analyst estimates of $375.99 million. Hancock Whitney had a net margin of 23.28% and a return on equity of 11.21%. During the same quarter last year, the business posted $1.31 EPS. Research analysts predict that Hancock Whitney will post 5.53 EPS for the current year.

Insider Activity

In related news, Director Christine L. Pickering sold 838 shares of Hancock Whitney stock in a transaction on Monday, April 21st. The shares were sold at an average price of $48.09, for a total value of $40,299.42. Following the completion of the sale, the director owned 23,019 shares of the company's stock, valued at approximately $1,106,983.71. The trade was a 3.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.91% of the company's stock.

Institutional Investors Weigh In On Hancock Whitney

Several institutional investors and hedge funds have recently modified their holdings of the business. Wellington Management Group LLP lifted its position in Hancock Whitney by 50.4% during the 1st quarter. Wellington Management Group LLP now owns 3,057,103 shares of the company's stock worth $160,345,000 after acquiring an additional 1,024,869 shares during the last quarter. Norges Bank acquired a new position in Hancock Whitney during the 4th quarter worth $54,605,000. Massachusetts Financial Services Co. MA acquired a new position in Hancock Whitney during the 1st quarter worth $43,019,000. Nuveen LLC acquired a new position in Hancock Whitney during the 1st quarter worth $38,163,000. Finally, Silvercrest Asset Management Group LLC acquired a new position in Hancock Whitney during the 4th quarter worth $24,775,000. Institutional investors and hedge funds own 81.22% of the company's stock.

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.