Hancock Whitney Co. (NASDAQ:HWC) Given Average Recommendation of “Buy” by Analysts

Posted by on May 27th, 2022

Hancock Whitney Co. (NASDAQ:HWC – Get Rating) has earned an average rating of “Buy” from the six research firms that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $60.20.

Several research firms have recently issued reports on HWC. Truist Financial lowered their target price on shares of Hancock Whitney from $70.00 to $65.00 in a report on Monday, March 28th. StockNews.com lowered shares of Hancock Whitney from a “buy” rating to a “hold” rating in a report on Monday. Stephens decreased their price objective on shares of Hancock Whitney from $59.00 to $58.00 and set an “equal weight” rating for the company in a report on Wednesday, April 20th. Finally, Zacks Investment Research lowered shares of Hancock Whitney from a “buy” rating to a “hold” rating and set a $58.00 price objective for the company. in a report on Wednesday, March 30th.

Hancock Whitney stock traded up $0.27 during trading hours on Friday, hitting $49.24. 5,759 shares of the stock traded hands, compared to its average volume of 466,327. The firm’s 50-day moving average price is $49.42 and its two-hundred day moving average price is $51.32. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.07. The company has a market cap of $4.25 billion, a PE ratio of 9.10 and a beta of 1.42. Hancock Whitney has a one year low of $39.07 and a one year high of $59.82.

Hancock Whitney (NASDAQ:HWC – Get Rating) last posted its quarterly earnings data on Tuesday, April 19th. The company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.08. The business had revenue of $311.90 million for the quarter, compared to analysts’ expectations of $316.28 million. Hancock Whitney had a return on equity of 14.18% and a net margin of 36.08%. During the same period in the previous year, the firm posted $1.21 EPS. On average, sell-side analysts expect that Hancock Whitney will post 5.61 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Monday, June 6th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend is Friday, June 3rd. Hancock Whitney’s payout ratio is 19.96%.

Several hedge funds have recently modified their holdings of HWC. State of Michigan Retirement System boosted its holdings in Hancock Whitney by 0.9% in the 4th quarter. State of Michigan Retirement System now owns 21,986 shares of the company’s stock worth $1,100,000 after buying an additional 200 shares during the period. Prospera Financial Services Inc boosted its holdings in Hancock Whitney by 2.1% in the 1st quarter. Prospera Financial Services Inc now owns 11,118 shares of the company’s stock worth $580,000 after buying an additional 231 shares during the period. Pacer Advisors Inc. boosted its holdings in Hancock Whitney by 2.3% in the 4th quarter. Pacer Advisors Inc. now owns 11,928 shares of the company’s stock worth $597,000 after buying an additional 264 shares during the period. Amalgamated Bank boosted its holdings in Hancock Whitney by 0.5% in the 4th quarter. Amalgamated Bank now owns 57,788 shares of the company’s stock worth $2,891,000 after buying an additional 289 shares during the period. Finally, Csenge Advisory Group boosted its holdings in Hancock Whitney by 4.1% in the 1st quarter. Csenge Advisory Group now owns 7,532 shares of the company’s stock worth $393,000 after buying an additional 295 shares during the period. 78.36% of the stock is owned by hedge funds and other institutional investors.

About Hancock Whitney (Get Rating)

Hancock Whitney Corporation operates as the bank holding company for Hancock Whitney Bank that provides a range of banking products and services to commercial, small business, and retail customers. It accepts various deposit products, such as noninterest-bearing demand deposits, interest-bearing transaction accounts, savings accounts, money market deposit accounts, and time deposit accounts.

Featured Stories

Want More Great Investing Ideas?

Receive News & Ratings for Hancock Whitney Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hancock Whitney and related companies with MarketBeat.com's FREE daily email newsletter.