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

Piper Sandler reissued their overweight rating on shares of Hancock Whitney (NASDAQ:HWC) in a research note published on Wednesday morning, Benzinga reports. They currently have a $52.00 price objective on the stock, down from their prior price objective of $55.00.

A number of other equities analysts have also weighed in on HWC. Citigroup raised Hancock Whitney from a neutral rating to a buy rating and boosted their price objective for the stock from $48.00 to $50.00 in a research note on Wednesday. Truist Financial boosted their price objective on Hancock Whitney from $48.00 to $50.00 and gave the stock a hold rating in a research note on Monday, April 1st. Raymond James boosted their price objective on Hancock Whitney from $45.00 to $55.00 and gave the stock an outperform rating in a research note on Friday, January 5th. Stephens reissued an equal weight rating and set a $50.00 price objective on shares of Hancock Whitney in a research note on Wednesday. Finally, StockNews.com lowered Hancock Whitney from a hold rating to a sell rating in a research note on Sunday, March 31st. One equities research 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 stock presently has a consensus rating of Hold and a consensus price target of $49.75.

Hancock Whitney Stock Up 1.5 %

Hancock Whitney stock opened at $42.66 on Wednesday. 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 simple moving average of $43.55 and a 200-day simple moving average of $42.43. The stock has a market capitalization of $3.69 billion, a PE ratio of 9.48 and a beta of 1.33. Hancock Whitney has a 12 month low of $31.02 and a 12 month high of $49.65.

Hancock Whitney (NASDAQ:HWC) last issued its quarterly earnings results on Tuesday, January 16th. The company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.07. The firm had revenue of $308.41 million for the quarter, compared to analyst estimates of $355.51 million. Hancock Whitney had a return on equity of 12.54% and a net margin of 20.57%. During the same period in the previous year, the company posted $1.65 earnings per share. On average, analysts anticipate that Hancock Whitney will post 4.8 EPS for the current fiscal year.

Hancock Whitney Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, March 5th were issued a $0.30 dividend. The ex-dividend date was Monday, March 4th. This represents a $1.20 annualized dividend and a dividend yield of 2.81%. Hancock Whitney’s dividend payout ratio is presently 26.67%.

Insider Activity at Hancock Whitney

In related news, COO D Shane Loper sold 17,690 shares of the business’s stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $46.81, for a total value of $828,068.90. Following the sale, the chief operating officer now owns 71,148 shares in the company, valued at approximately $3,330,437.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Hancock Whitney news, insider Christopher S. Ziluca sold 3,636 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was 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 in the company, valued at approximately $1,534,897.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO D Shane Loper sold 17,690 shares of the company’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $46.81, for a total value of $828,068.90. Following the sale, the chief operating officer now owns 71,148 shares in the company, valued at approximately $3,330,437.88. 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. 1.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Hancock Whitney

Large investors have recently bought and sold shares of the stock. Pathstone Family Office LLC increased its holdings in shares of Hancock Whitney by 1.9% in the 3rd quarter. Pathstone Family Office LLC now owns 13,613 shares of the company’s stock valued at $624,000 after acquiring an additional 256 shares during the last quarter. Cutler Capital Management LLC increased its holdings in shares of Hancock Whitney by 2.7% in the 2nd quarter. Cutler Capital Management LLC now owns 10,572 shares of the company’s stock valued at $406,000 after acquiring an additional 275 shares during the last quarter. Captrust Financial Advisors boosted its position in shares of Hancock Whitney by 4.4% in the 4th 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 boosted its position in shares of Hancock Whitney by 35.2% in the 4th 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. boosted its position in shares of Hancock Whitney by 12.4% in the 1st 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.

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.