Hancock Whitney (NASDAQ:HWC) Price Target Cut to $69.00 by Analysts at Stephens

Hancock Whitney (NASDAQ:HWC - Get Free Report) had its target price dropped by Stephens from $73.00 to $69.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an "overweight" rating on the stock. Stephens' price objective would suggest a potential upside of 41.71% from the company's current price.

A number of other analysts also recently issued reports on HWC. StockNews.com raised Hancock Whitney from a "sell" rating to a "hold" rating in a research note on Monday, March 3rd. Raymond James restated a "strong-buy" rating and set a $72.00 price objective (up from $64.00) on shares of Hancock Whitney in a research report on Wednesday, January 22nd. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $62.00.

Hancock Whitney Stock Performance

HWC opened at $48.69 on Wednesday. Hancock Whitney has a twelve month low of $41.56 and a twelve month high of $62.40. The firm has a market capitalization of $4.19 billion, a PE ratio of 9.22 and a beta of 0.99. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.05. The firm's 50-day moving average price is $53.26 and its 200 day moving average price is $55.13.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last posted its quarterly earnings results on Tuesday, April 15th. The company reported $1.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.28 by $0.10. Hancock Whitney had a return on equity of 11.56% and a net margin of 22.40%. The business had revenue of $367.50 million during the quarter, compared to analyst estimates of $368.12 million. As a group, sell-side analysts expect that Hancock Whitney will post 5.53 EPS for the current fiscal year.

Hedge Funds Weigh In On Hancock Whitney

Several hedge funds have recently bought and sold shares of the company. Grove Bank & Trust purchased a new stake in Hancock Whitney during the fourth quarter worth about $31,000. Versant Capital Management Inc increased its stake in Hancock Whitney by 554.6% during the 1st quarter. Versant Capital Management Inc now owns 707 shares of the company's stock worth $37,000 after buying an additional 599 shares during the period. R Squared Ltd acquired a new stake in Hancock Whitney during the 4th quarter worth approximately $49,000. UMB Bank n.a. boosted its position in Hancock Whitney by 1,132.1% in 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 period. Finally, GeoWealth Management LLC acquired a new position in shares of Hancock Whitney in the fourth quarter worth $65,000. Institutional investors and hedge funds own 81.22% of the company's stock.

About Hancock Whitney

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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