Hancock Whitney (NASDAQ:HWC) Given New $62.00 Price Target at Keefe, Bruyette & Woods

Hancock Whitney (NASDAQ:HWC - Get Free Report) had its price objective lowered by equities research analysts at Keefe, Bruyette & Woods from $68.00 to $62.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Keefe, Bruyette & Woods' price target would suggest a potential upside of 27.35% from the stock's current price.

A number of other equities analysts have also commented on the company. StockNews.com raised Hancock Whitney from a "sell" rating to a "hold" rating in a report on Monday, March 3rd. Raymond James reiterated a "strong-buy" rating and issued a $72.00 target price (up from $64.00) on shares of Hancock Whitney in a research note on Wednesday, January 22nd. Finally, Stephens reduced their price target on shares of Hancock Whitney from $73.00 to $69.00 and set an "overweight" rating for the company in a research report on Wednesday. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $62.00.

Hancock Whitney Stock Performance

NASDAQ HWC traded down $0.01 during trading hours on Wednesday, reaching $48.69. 224,376 shares of the company were exchanged, compared to its average volume of 576,284. Hancock Whitney has a 1 year low of $41.56 and a 1 year high of $62.40. The business's 50 day simple moving average is $53.26 and its 200-day simple moving average is $55.13. The stock has a market capitalization of $4.19 billion, a P/E ratio of 9.14 and a beta of 0.99. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.05.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last issued its earnings results on Tuesday, April 15th. The company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.10. Hancock Whitney had a return on equity of 11.56% and a net margin of 22.40%. The firm had revenue of $367.50 million for the quarter, compared to analyst estimates of $368.12 million. On average, equities research analysts expect that Hancock Whitney will post 5.53 earnings per share for the current year.

Institutional Trading of Hancock Whitney

Several institutional investors have recently added to or reduced their stakes in HWC. Grove Bank & Trust bought a new position in Hancock Whitney during the 4th quarter worth approximately $31,000. Versant Capital Management Inc grew its holdings in shares of Hancock Whitney by 554.6% in the first quarter. Versant Capital Management Inc now owns 707 shares of the company's stock worth $37,000 after purchasing an additional 599 shares during the last quarter. R Squared Ltd purchased a new position in shares of Hancock Whitney in the fourth quarter worth $49,000. UMB Bank n.a. raised its holdings in Hancock Whitney by 1,132.1% during the 1st quarter. UMB Bank n.a. now owns 998 shares of the company's stock valued at $52,000 after buying an additional 917 shares during the last quarter. Finally, GeoWealth Management LLC bought a new stake in Hancock Whitney in the 4th quarter worth $65,000. 81.22% of the stock is currently 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.

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