Hancock Whitney (NASDAQ:HWC) Stock Rating Lowered by Keefe, Bruyette & Woods

Hancock Whitney (NASDAQ:HWC - Get Free Report) was downgraded by investment analysts at Keefe, Bruyette & Woods from an "outperform" rating to a "market perform" rating in a note issued to investors on Friday,Briefing.com Automated Import reports. They presently have a $63.00 target price on the stock. Keefe, Bruyette & Woods' target price would suggest a potential upside of 1.88% from the company's current price.

Several other analysts also recently weighed in on HWC. DA Davidson dropped their target price on shares of Hancock Whitney from $69.00 to $62.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. 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 report on Wednesday, April 16th. Stephens dropped their target price on shares of Hancock Whitney from $73.00 to $69.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Finally, 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 report on Wednesday, April 16th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $63.43.

Hancock Whitney Trading Up 0.9%

NASDAQ:HWC opened at $61.84 on Friday. Hancock Whitney has a one year low of $43.90 and a one year high of $62.40. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market cap of $5.30 billion, a P/E ratio of 11.41 and a beta of 1.05. The firm has a 50-day simple moving average of $56.07 and a 200-day simple moving average of $54.99.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last posted its quarterly earnings results on Tuesday, April 15th. The company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.28 by $0.10. The business had revenue of $367.50 million during the quarter, compared to analyst estimates of $368.12 million. Hancock Whitney had a net margin of 23.15% and a return on equity of 11.43%. Equities analysts anticipate that Hancock Whitney will post 5.53 EPS for the current fiscal year.

Insider Activity

In other news, Director Christine L. Pickering sold 838 shares of the 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 sale, the director directly owned 23,019 shares of the company's stock, valued at $1,106,983.71. This represents a 3.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.91% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Hancock Whitney

Several hedge funds have recently modified their holdings of HWC. Wellington Management Group LLP boosted its stake in shares of 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 in the last quarter. Norges Bank purchased a new stake in shares of Hancock Whitney during the 4th quarter worth about $54,605,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of Hancock Whitney during the 1st quarter worth about $43,019,000. Nuveen LLC acquired a new position in shares of Hancock Whitney during the 1st quarter worth about $38,163,000. Finally, Silvercrest Asset Management Group LLC acquired a new position in shares of Hancock Whitney during the 4th quarter worth about $24,775,000. 81.22% of the stock is owned by hedge funds and other institutional investors.

About Hancock Whitney

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.

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