Hancock Whitney (NASDAQ:HWC) Coverage Initiated by Analysts at Barclays

Investment analysts at Barclays began coverage on shares of Hancock Whitney (NASDAQ:HWC) in a research note issued on Wednesday, Marketbeat.com reports. The firm set an “overweight” rating and a $76.00 price target on the stock. Barclays‘s price objective suggests a potential upside of 15.06% from the company’s current price.

Other equities analysts have also recently issued reports about the company. Citigroup increased their price target on Hancock Whitney from $70.00 to $74.00 and gave the company a “buy” rating in a report on Tuesday, August 26th. Keefe, Bruyette & Woods increased their target price on Hancock Whitney from $64.00 to $65.00 and gave the company a “market perform” rating in a report on Tuesday, November 11th. Raymond James Financial cut their price target on Hancock Whitney from $73.00 to $72.00 and set a “strong-buy” rating for the company in a research note on Wednesday, October 15th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Hancock Whitney in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $70.88.

Hancock Whitney Price Performance

Shares of NASDAQ:HWC opened at $66.05 on Wednesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market cap of $5.52 billion, a price-to-earnings ratio of 11.82 and a beta of 1.10. The business has a 50-day simple moving average of $59.70 and a two-hundred day simple moving average of $59.87. Hancock Whitney has a fifty-two week low of $43.90 and a fifty-two week high of $67.10.

Hancock Whitney (NASDAQ:HWC) last announced its quarterly earnings results on Tuesday, October 14th. The company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.06. The firm had revenue of $175.56 million during the quarter, compared to analyst estimates of $391.32 million. Hancock Whitney had a net margin of 23.99% and a return on equity of 11.29%. During the same period in the previous year, the business posted $1.33 earnings per share. On average, analysts expect that Hancock Whitney will post 5.53 earnings per share for the current year.

Insider Buying and Selling at Hancock Whitney

In related news, CFO Michael M. Achary sold 9,894 shares of Hancock Whitney stock in a transaction that occurred on Friday, October 17th. The stock was sold at an average price of $54.86, for a total transaction of $542,784.84. Following the sale, the chief financial officer owned 55,733 shares of the company’s stock, valued at approximately $3,057,512.38. This trade represents a 15.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.91% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Hancock Whitney

A number of institutional investors have recently added to or reduced their stakes in HWC. True Wealth Design LLC lifted its holdings in shares of Hancock Whitney by 929.5% in the second quarter. True Wealth Design LLC now owns 453 shares of the company’s stock worth $26,000 after buying an additional 409 shares in the last quarter. Brooklyn Investment Group purchased a new stake in Hancock Whitney in the 1st quarter worth $31,000. IFP Advisors Inc boosted its holdings in shares of Hancock Whitney by 67.6% during the 3rd quarter. IFP Advisors Inc now owns 627 shares of the company’s stock valued at $39,000 after purchasing an additional 253 shares during the last quarter. Virtus Advisers LLC purchased a new position in shares of Hancock Whitney during the first quarter valued at about $41,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Hancock Whitney in the third quarter worth about $45,000. 81.22% of the stock is owned by hedge funds and other 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.