Hancock Whitney (NASDAQ:HWC) Stock Rating Reaffirmed by Piper Sandler

Hancock Whitney (NASDAQ:HWC - Get Free Report)'s stock had its "overweight" rating restated by investment analysts at Piper Sandler in a research note issued to investors on Wednesday, Benzinga reports. They presently have a $52.00 price objective on the stock, down from their previous price objective of $55.00. Piper Sandler's target price points to a potential upside of 21.89% from the company's previous close.

Several other equities research analysts have also issued reports on the stock. Truist Financial lifted their price target on shares of Hancock Whitney from $48.00 to $50.00 and gave the company a "hold" rating in a report on Monday, April 1st. StockNews.com lowered shares of Hancock Whitney from a "hold" rating to a "sell" rating in a report on Sunday, March 31st. Citigroup upgraded shares of Hancock Whitney from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $48.00 to $50.00 in a research report on Wednesday. Jefferies Financial Group cut their target price on shares of Hancock Whitney from $51.00 to $45.00 and set a "hold" rating on the stock in a research report on Monday, April 8th. Finally, Raymond James lifted their target price on shares of Hancock Whitney from $45.00 to $55.00 and gave the stock an "outperform" rating in a research report on Friday, January 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $49.75.

Hancock Whitney Price Performance

Hancock Whitney stock traded up $0.65 during trading hours on Wednesday, reaching $42.66. 1,097,614 shares of the stock were exchanged, compared to its average volume of 506,880. The company has a market cap of $3.69 billion, a P/E ratio of 9.48 and a beta of 1.33. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.06. Hancock Whitney has a twelve month low of $31.02 and a twelve month high of $49.65. The stock has a 50 day moving average of $43.55 and a two-hundred day moving average 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.18 by $0.10. The firm had revenue of $354.02 million for the quarter, compared to the consensus estimate of $353.15 million. Hancock Whitney had a net margin of 20.57% and a return on equity of 12.54%. Equities analysts expect that Hancock Whitney will post 4.8 EPS for the current fiscal year.

Insider Transactions at Hancock Whitney

In related news, insider Joseph S. Exnicios sold 4,042 shares of the business'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 transaction, the insider now owns 40,016 shares in the company, valued at approximately $1,811,924.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Joseph S. Exnicios sold 9,857 shares of the business's stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $47.15, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joseph S. Exnicios sold 4,042 shares of the business'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 transaction, the insider now owns 40,016 shares in the company, valued at approximately $1,811,924.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,225 shares of company stock worth $1,634,014. Company insiders own 1.10% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Turtle Creek Wealth Advisors LLC bought a new stake in Hancock Whitney during the 4th quarter valued at $29,000. Sunbelt Securities Inc. grew its stake in shares of Hancock Whitney by 136.8% in the 2nd quarter. Sunbelt Securities Inc. now owns 1,011 shares of the company's stock worth $39,000 after acquiring an additional 584 shares in the last quarter. Covestor Ltd grew its stake in shares of Hancock Whitney by 81.0% in the 1st quarter. Covestor Ltd now owns 760 shares of the company's stock worth $40,000 after acquiring an additional 340 shares in the last quarter. Coppell Advisory Solutions Corp. bought a new stake in shares of Hancock Whitney in the 4th quarter worth $45,000. Finally, Lazard Asset Management LLC grew its stake in shares of Hancock Whitney by 151.1% in the 1st quarter. Lazard Asset Management LLC now owns 904 shares of the company's stock worth $47,000 after acquiring an additional 544 shares in the last quarter. 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.