Bank of America lowered shares of Hancock Whitney (NYSE:HWC) from a buy rating to a neutral rating in a research note released on Thursday, BenzingaRatingsTable reports.

Other research analysts also recently issued reports about the company. Stephens assumed coverage on LiqTech International in a research note on Tuesday, July 9th. They issued an overweight rating and a $13.00 target price on the stock. Zacks Investment Research raised GreenTree Hospitality Group from a sell rating to a hold rating in a report on Monday, April 15th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $50.40.

HWC stock opened at $39.51 on Thursday. The firm has a 50-day moving average of $39.47. Hancock Whitney has a 1 year low of $32.59 and a 1 year high of $53.00.

Hancock Whitney (NYSE:HWC) last posted its quarterly earnings results on Tuesday, April 16th. The company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.02. The company had revenue of $293.58 million during the quarter, compared to analyst estimates of $294.63 million. The firm’s quarterly revenue was up 6.4% on a year-over-year basis.

In related news, Director Joan Cahill Teofilo sold 1,150 shares of Hancock Whitney stock in a transaction on Friday, June 14th. The stock was sold at an average price of $39.34, for a total transaction of $45,241.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Institutional investors have recently added to or reduced their stakes in the business. FMR LLC purchased a new position in Hancock Whitney during the fourth quarter worth $47,000. Belpointe Asset Management LLC purchased a new stake in Hancock Whitney during the first quarter valued at about $103,000. Captrust Financial Advisors purchased a new stake in Hancock Whitney during the fourth quarter valued at about $104,000. CIBC World Markets Inc. purchased a new stake in Hancock Whitney during the first quarter valued at about $209,000. Finally, Ironwood Investment Management LLC purchased a new stake in Hancock Whitney during the first quarter valued at about $210,000.

Hancock Whitney Company Profile

Hancock Whitney Corp. is a bank holding company, which engages in the provision of financial services. It also offers trust and investment management services to retirement plans, corporations, and individuals; and brokerage services, annuity products, and life insurance, general insurance agency services, including life and title insurance, consumer financing service.

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Analyst Recommendations for Hancock Whitney (NYSE:HWC)

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