DA Davidson Increases Hancock Whitney (NASDAQ:HWC) Price Target to $65.00

Hancock Whitney (NASDAQ:HWC) had its price target lifted by analysts at DA Davidson from $62.00 to $65.00 in a report issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. DA Davidson’s target price would suggest a potential upside of 20.44% from the stock’s previous close.

Several other brokerages also recently issued reports on HWC. Jefferies Financial Group lowered their price objective on shares of Hancock Whitney from $48.00 to $47.00 and set a “hold” rating on the stock in a research note on Wednesday, July 3rd. Keefe, Bruyette & Woods raised their price target on shares of Hancock Whitney from $55.00 to $60.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 17th. Piper Sandler upped their price objective on shares of Hancock Whitney from $52.00 to $62.00 and gave the company an “overweight” rating in a research report on Wednesday, July 17th. Truist Financial decreased their target price on Hancock Whitney from $57.00 to $56.00 and set a “hold” rating on the stock in a research report on Friday, September 20th. Finally, Hovde Group upped their price target on Hancock Whitney from $55.00 to $62.00 and gave the company an “outperform” rating in a report on Wednesday, July 17th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $56.89.

Hancock Whitney Stock Performance

HWC traded up $0.20 during trading on Wednesday, hitting $53.97. The stock had a trading volume of 531,083 shares, compared to its average volume of 500,281. The firm has a market cap of $4.68 billion, a PE ratio of 12.58 and a beta of 1.26. 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 12 month low of $32.16 and a 12 month high of $57.78. The company has a 50 day simple moving average of $50.67 and a 200-day simple moving average of $48.49.

Hancock Whitney (NASDAQ:HWC) last posted its quarterly earnings data on Tuesday, October 15th. The company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.02. Hancock Whitney had a return on equity of 11.51% and a net margin of 18.63%. The business had revenue of $525.37 million during the quarter, compared to analysts’ expectations of $363.54 million. During the same quarter in the previous year, the firm earned $1.12 EPS. Analysts expect that Hancock Whitney will post 5.14 EPS for the current year.

Insider Activity

In other Hancock Whitney news, Director Frank E. Bertucci sold 2,053 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $57.03, for a total transaction of $117,082.59. Following the completion of the transaction, the director now directly owns 22,554 shares in the company, valued at $1,286,254.62. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Hancock Whitney

Several large investors have recently added to or reduced their stakes in HWC. Triad Wealth Partners LLC acquired a new stake in shares of Hancock Whitney in the second quarter valued at $31,000. Mather Group LLC. acquired a new stake in Hancock Whitney in the 2nd quarter valued at about $37,000. Headlands Technologies LLC bought a new position in shares of Hancock Whitney in the second quarter worth about $43,000. CWM LLC lifted its position in shares of Hancock Whitney by 268.9% during the second quarter. CWM LLC now owns 985 shares of the company’s stock worth $47,000 after purchasing an additional 718 shares in the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in shares of Hancock Whitney during the second quarter valued at approximately $63,000. 81.22% of the stock is owned by institutional investors.

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.