DA Davidson Lowers Hancock Whitney (NASDAQ:HWC) Price Target to $62.00

Hancock Whitney (NASDAQ:HWC) had its price target reduced by analysts at DA Davidson from $69.00 to $62.00 in a report released on Wednesday, MarketBeat reports. The firm currently has a “buy” rating on the stock. DA Davidson’s target price would suggest a potential upside of 27.44% from the company’s current price.

A number of other brokerages have also recently issued reports on HWC. Piper Sandler reaffirmed an “overweight” rating and issued a $70.00 target price (up previously from $68.00) on shares of Hancock Whitney in a research report on Wednesday. StockNews.com raised Hancock Whitney from a “sell” rating to a “hold” rating in a report on Monday, March 3rd. Stephens lowered their price objective on Hancock Whitney from $73.00 to $69.00 and set an “overweight” rating on the stock in a research report on Wednesday. Raymond James restated a “strong-buy” rating and issued a $72.00 price target (up from $64.00) on shares of Hancock Whitney in a research note on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Hancock Whitney from $68.00 to $62.00 and set an “outperform” rating for the company in a report on Wednesday. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $60.56.

Hancock Whitney Trading Up 0.3 %

HWC stock opened at $48.65 on Wednesday. Hancock Whitney has a one year low of $42.51 and a one year high of $62.40. The stock has a market cap of $4.19 billion, a price-to-earnings ratio of 9.21 and a beta of 0.99. The company has a fifty day moving average price of $52.81 and a two-hundred day moving average price of $55.07. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.79 and a quick ratio of 0.79.

Hancock Whitney (NASDAQ:HWC) last announced its earnings results on Tuesday, April 15th. The company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.28 by $0.10. Hancock Whitney had a net margin of 22.40% and a return on equity of 11.56%. The business had revenue of $367.50 million during the quarter, compared to the consensus estimate of $368.12 million. Equities analysts anticipate that Hancock Whitney will post 5.53 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Hancock Whitney by 5.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 10,016 shares of the company’s stock valued at $525,000 after purchasing an additional 484 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Hancock Whitney in the first quarter valued at about $281,000. GAMMA Investing LLC grew its position in Hancock Whitney by 115.3% in the first quarter. GAMMA Investing LLC now owns 1,240 shares of the company’s stock valued at $65,000 after acquiring an additional 664 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of Hancock Whitney by 1,132.1% in the first quarter. UMB Bank n.a. now owns 998 shares of the company’s stock worth $52,000 after acquiring an additional 917 shares during the last quarter. Finally, Vest Financial LLC acquired a new stake in shares of Hancock Whitney in the 1st quarter valued at approximately $763,000. 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.