Hancock Whitney (NASDAQ:HWC) PT Lowered to $45.00

Hancock Whitney (NASDAQ:HWC - Free Report) had its price target lowered by Jefferies Financial Group from $51.00 to $45.00 in a research note released on Monday, Benzinga reports. Jefferies Financial Group currently has a hold rating on the stock.

Several other brokerages have also recently weighed in on HWC. Raymond James lifted their price target on Hancock Whitney from $45.00 to $55.00 and gave the company an outperform rating in a research report on Friday, January 5th. Stephens reduced their price target on Hancock Whitney from $55.00 to $50.00 and set an equal weight rating for the company in a research report on Wednesday, January 17th. Truist Financial lifted their price target on Hancock Whitney from $48.00 to $50.00 and gave the company a hold rating in a research report on Monday, April 1st. DA Davidson reiterated a buy rating and set a $55.00 price target on shares of Hancock Whitney in a research report on Tuesday, February 13th. Finally, Piper Sandler lifted their price target on Hancock Whitney from $51.00 to $55.00 and gave the company an overweight rating in a research report on Wednesday, January 17th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Hancock Whitney currently has a consensus rating of Hold and a consensus target price of $49.75.

Hancock Whitney Stock Up 1.4 %

Hancock Whitney stock traded up $0.61 during midday trading on Monday, reaching $44.50. The company's stock had a trading volume of 329,440 shares, compared to its average volume of 498,707. The stock's 50-day simple moving average is $43.70 and its 200-day simple moving average is $42.09. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.81 and a quick ratio of 0.81. Hancock Whitney has a 52-week low of $31.02 and a 52-week high of $49.65. The stock has a market capitalization of $3.85 billion, a P/E ratio of 9.91 and a beta of 1.33.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last announced its quarterly earnings data on Tuesday, January 16th. The company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.07. Hancock Whitney had a return on equity of 12.54% and a net margin of 20.57%. The firm had revenue of $308.41 million during the quarter, compared to analysts' expectations of $355.51 million. During the same period last year, the business posted $1.65 earnings per share. On average, sell-side analysts expect that Hancock Whitney will post 4.8 EPS for the current year.

Hancock Whitney Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, March 5th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.70%. The ex-dividend date was Monday, March 4th. Hancock Whitney's payout ratio is currently 26.67%.

Insider Transactions at Hancock Whitney

In other news, insider Christopher S. Ziluca sold 3,636 shares of Hancock Whitney stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $43.50, for a total value of $158,166.00. Following the sale, the insider now directly owns 35,285 shares of the company's stock, valued at $1,534,897.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Christopher S. Ziluca sold 3,636 shares of Hancock Whitney stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $43.50, for a total value of $158,166.00. Following the sale, the insider now directly owns 35,285 shares of the company's stock, valued at $1,534,897.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph S. Exnicios sold 9,857 shares of Hancock Whitney stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $47.15, for a total value of $464,757.55. Following the transaction, the insider now owns 30,159 shares in the company, valued at approximately $1,421,996.85. The disclosure for this sale can be found here. Insiders have sold 35,225 shares of company stock valued at $1,634,014 over the last ninety days. Insiders own 1.10% of the company's stock.

Hedge Funds Weigh In On Hancock Whitney

Institutional investors have recently added to or reduced their stakes in the stock. Pathstone Family Office LLC raised its position in Hancock Whitney by 1.9% in the third quarter. Pathstone Family Office LLC now owns 13,613 shares of the company's stock valued at $624,000 after purchasing an additional 256 shares during the period. Cutler Capital Management LLC raised its position in Hancock Whitney by 2.7% in the second quarter. Cutler Capital Management LLC now owns 10,572 shares of the company's stock valued at $406,000 after purchasing an additional 275 shares during the period. Captrust Financial Advisors raised its position in Hancock Whitney by 4.4% in the fourth quarter. Captrust Financial Advisors now owns 7,719 shares of the company's stock valued at $374,000 after purchasing an additional 322 shares during the period. Quadrant Capital Group LLC raised its position in Hancock Whitney by 35.2% in the fourth quarter. Quadrant Capital Group LLC now owns 1,260 shares of the company's stock valued at $61,000 after purchasing an additional 328 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in Hancock Whitney by 12.4% in the first quarter. PNC Financial Services Group Inc. now owns 2,980 shares of the company's stock valued at $154,000 after purchasing an additional 329 shares during the period. Hedge funds and other institutional investors own 81.22% of the company's stock.

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.