Hancock Whitney (NASDAQ:HWC) Price Target Raised to $49.00 at Truist Financial

Hancock Whitney (NASDAQ:HWC) had its price target lifted by Truist Financial from $46.00 to $49.00 in a report issued on Monday, Benzinga reports. They currently have a hold rating on the stock.

Several other equities research analysts have also commented on the stock. Stephens reissued an equal weight rating and set a $50.00 price objective on shares of Hancock Whitney in a research note on Wednesday, April 17th. StockNews.com raised shares of Hancock Whitney from a sell rating to a hold rating in a research note on Friday, May 10th. DA Davidson boosted their price objective on shares of Hancock Whitney from $55.00 to $57.00 and gave the stock a buy rating in a research note on Wednesday, April 17th. Piper Sandler reissued an overweight rating and set a $52.00 price objective (down previously from $55.00) on shares of Hancock Whitney in a research note on Wednesday, April 17th. Finally, Citigroup boosted their price objective on shares of Hancock Whitney from $50.00 to $55.00 and gave the stock a buy rating in a research note on Monday, May 6th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Hancock Whitney currently has a consensus rating of Moderate Buy and a consensus target price of $52.50.

Hancock Whitney Price Performance

Shares of NASDAQ HWC opened at $49.87 on Monday. Hancock Whitney has a 1 year low of $32.16 and a 1 year high of $49.99. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.81 and a quick ratio of 0.81. The company’s 50-day moving average is $46.48 and its 200 day moving average is $45.36. The stock has a market capitalization of $4.32 billion, a P/E ratio of 11.62 and a beta of 1.29.

Hancock Whitney (NASDAQ:HWC) last announced its quarterly earnings results on Tuesday, April 16th. The company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.10. Hancock Whitney had a net margin of 19.07% and a return on equity of 11.89%. The company had revenue of $354.02 million for the quarter, compared to analysts’ expectations of $353.15 million. On average, sell-side analysts expect that Hancock Whitney will post 4.88 earnings per share for the current year.

Hancock Whitney Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Wednesday, June 5th were paid a $0.40 dividend. The ex-dividend date was Wednesday, June 5th. This is a boost from Hancock Whitney’s previous quarterly dividend of $0.30. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.21%. Hancock Whitney’s dividend payout ratio is 37.30%.

Insider Transactions at Hancock Whitney

In other news, insider Cecil W. Knight, Jr. sold 844 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $46.82, for a total value of $39,516.08. Following the completion of the sale, the insider now directly owns 58,843 shares of the company’s stock, valued at $2,755,029.26. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Cecil W. Knight, Jr. sold 844 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $46.82, for a total transaction of $39,516.08. Following the completion of the transaction, the insider now directly owns 58,843 shares of the company’s stock, valued at $2,755,029.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Christine L. Pickering sold 1,300 shares of the firm’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $45.62, for a total transaction of $59,306.00. Following the transaction, the director now directly owns 23,982 shares of the company’s stock, valued at $1,094,058.84. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Hancock Whitney

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in Hancock Whitney by 0.4% during the first quarter. Vanguard Group Inc. now owns 9,226,780 shares of the company’s stock valued at $424,801,000 after purchasing an additional 34,152 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Hancock Whitney by 5.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,749,591 shares of the company’s stock worth $230,786,000 after acquiring an additional 249,944 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Hancock Whitney by 7.0% in the 3rd quarter. Wellington Management Group LLP now owns 2,184,960 shares of the company’s stock worth $80,822,000 after acquiring an additional 142,465 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Hancock Whitney by 4.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,087,610 shares of the company’s stock worth $52,847,000 after acquiring an additional 48,174 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Hancock Whitney in the 4th quarter worth about $46,846,000. Institutional investors own 81.22% of the company’s stock.

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.