Hancock Whitney (NASDAQ:HWC) Downgraded to “Neutral” at Janney Montgomery Scott

Hancock Whitney (NASDAQ:HWC – Get Rating) was downgraded by Janney Montgomery Scott from a “buy” rating to a “neutral” rating in a report released on Tuesday, The Fly reports. They presently have a $44.50 price target on the stock. Janney Montgomery Scott’s price target indicates a potential upside of 14.63% from the stock’s previous close.

Several other equities research analysts have also weighed in on HWC. DA Davidson dropped their target price on Hancock Whitney from $60.00 to $58.00 and set a “buy” rating on the stock in a research report on Wednesday, January 18th. Truist Financial lowered their price target on Hancock Whitney from $60.00 to $56.00 in a report on Wednesday, January 18th. Raymond James lowered their price target on Hancock Whitney from $61.00 to $58.00 and set a “strong-buy” rating on the stock in a report on Wednesday, January 18th. Finally, Keefe, Bruyette & Woods lowered Hancock Whitney from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $60.00 to $50.00 in a report on Tuesday. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $54.81.

Hancock Whitney Price Performance

Shares of NASDAQ HWC opened at $38.82 on Tuesday. Hancock Whitney has a 1-year low of $37.00 and a 1-year high of $57.00. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.77 and a quick ratio of 0.77. The business’s fifty day moving average price is $49.47 and its two-hundred day moving average price is $50.29. The firm has a market capitalization of $3.34 billion, a PE ratio of 6.49 and a beta of 1.35.

Hancock Whitney (NASDAQ:HWC – Get Rating) last issued its earnings results on Tuesday, January 17th. The company reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.02. Hancock Whitney had a return on equity of 15.73% and a net margin of 35.69%. The firm had revenue of $375.18 million for the quarter, compared to analyst estimates of $388.47 million. During the same period last year, the company earned $1.52 earnings per share. The firm’s revenue for the quarter was up 16.7% on a year-over-year basis. On average, research analysts expect that Hancock Whitney will post 6.09 EPS for the current year.

Insider Buying and Selling

In related news, insider Cecil W. Knight, Jr. sold 6,675 shares of Hancock Whitney stock in a transaction dated Monday, January 30th. The stock was sold at an average price of $50.12, for a total transaction of $334,551.00. Following the transaction, the insider now directly owns 30,240 shares of the company’s stock, valued at $1,515,628.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Hancock Whitney

A number of institutional investors have recently bought and sold shares of HWC. Northwestern Mutual Wealth Management Co. acquired a new stake in Hancock Whitney during the 2nd quarter worth about $27,000. Rockefeller Capital Management L.P. boosted its position in Hancock Whitney by 279.3% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 660 shares of the company’s stock worth $30,000 after acquiring an additional 486 shares during the period. River Oaks Capital LLC boosted its position in Hancock Whitney by 75.0% during the 3rd quarter. River Oaks Capital LLC now owns 700 shares of the company’s stock worth $32,000 after acquiring an additional 300 shares during the period. Covestor Ltd boosted its position in Hancock Whitney by 81.0% during the 1st quarter. Covestor Ltd now owns 760 shares of the company’s stock worth $40,000 after acquiring an additional 340 shares during the period. Finally, Coppell Advisory Solutions Corp. acquired a new stake in Hancock Whitney during the 4th quarter worth about $45,000. Hedge funds and other institutional investors own 79.09% of the company’s stock.

Hancock Whitney Company Profile

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