Hancock Whitney (NASDAQ:HWC) Price Target Lowered to $46.00 at Truist Financial

Hancock Whitney (NASDAQ:HWC - Get Free Report) had its price objective cut by equities researchers at Truist Financial from $50.00 to $46.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has a "hold" rating on the stock. Truist Financial's price target would suggest a potential upside of 7.83% from the stock's previous close.

Several other research analysts also recently commented on HWC. DA Davidson boosted their price objective on shares of Hancock Whitney from $55.00 to $57.00 and gave the company a "buy" rating in a research report on Wednesday. Raymond James upped their price target on shares of Hancock Whitney from $45.00 to $55.00 and gave the stock an "outperform" rating in a report on Friday, January 5th. Stephens reiterated an "equal weight" rating and set a $50.00 price target on shares of Hancock Whitney in a report on Wednesday. Jefferies Financial Group lowered their price target on shares of Hancock Whitney from $51.00 to $45.00 and set a "hold" rating for the company in a report on Monday, April 8th. Finally, StockNews.com downgraded shares of Hancock Whitney from a "hold" rating to a "sell" rating in a report on Sunday, March 31st. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, Hancock Whitney has an average rating of "Hold" and a consensus price target of $49.75.

Hancock Whitney Price Performance

HWC traded up $0.65 during trading on Wednesday, hitting $42.66. 1,097,614 shares of the stock traded hands, compared to its average volume of 506,880. Hancock Whitney has a twelve month low of $31.02 and a twelve month high of $49.65. The company has a market cap of $3.69 billion, a price-to-earnings ratio of 9.48 and a beta of 1.33. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.81 and a quick ratio of 0.81. The business has a 50 day moving average price of $43.55 and a 200 day moving average price of $42.43.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last announced its quarterly earnings data on Tuesday, April 16th. The company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.18 by $0.10. Hancock Whitney had a net margin of 20.57% and a return on equity of 12.54%. The business had revenue of $354.02 million during the quarter, compared to the consensus estimate of $353.15 million. Equities research analysts forecast that Hancock Whitney will post 4.8 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Christopher S. Ziluca sold 3,636 shares of the business's stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $43.50, for a total value of $158,166.00. Following the sale, the insider now owns 35,285 shares of the company's stock, valued at $1,534,897.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Hancock Whitney news, insider Christopher S. Ziluca sold 3,636 shares of the company's stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $43.50, for a total transaction of $158,166.00. Following the sale, the insider now owns 35,285 shares of the company's stock, valued at $1,534,897.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph S. Exnicios sold 4,042 shares of the company's stock in a transaction on Friday, January 19th. The shares were sold at an average price of $45.28, for a total transaction of $183,021.76. Following the sale, the insider now directly owns 40,016 shares in the company, valued at approximately $1,811,924.48. The disclosure for this sale can be found here. Insiders have sold a total of 35,225 shares of company stock valued at $1,634,014 over the last 90 days. 1.10% of the stock is owned by insiders.

Institutional Trading of Hancock Whitney

Institutional investors have recently bought and sold shares of the company. Norges Bank bought a new position in shares of Hancock Whitney during the 4th quarter worth about $46,846,000. Balyasny Asset Management L.P. bought a new position in shares of Hancock Whitney during the 4th quarter worth about $38,143,000. Wasatch Advisors LP bought a new position in shares of Hancock Whitney during the 1st quarter worth about $22,744,000. State Street Corp boosted its position in shares of Hancock Whitney by 15.0% during the 1st quarter. State Street Corp now owns 4,567,941 shares of the company's stock worth $238,218,000 after purchasing an additional 596,516 shares in the last quarter. Finally, Citadel Advisors LLC boosted its position in shares of Hancock Whitney by 183.1% during the 2nd quarter. Citadel Advisors LLC now owns 442,487 shares of the company's stock worth $19,616,000 after purchasing an additional 286,206 shares in the last quarter. 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.