Hancock Whitney (NYSE:HWC) received a $59.00 price objective from Stephens in a report released on Wednesday. The brokerage currently has a “buy” rating on the stock. Stephens’ target price suggests a potential upside of 38.37% from the company’s current price.
A number of other research firms also recently issued reports on HWC. Piper Jaffray Companies set a $59.00 target price on shares of Hancock Whitney and gave the stock a “buy” rating in a research report on Thursday, July 19th. Zacks Investment Research upgraded shares of Hancock Whitney from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research report on Tuesday, June 19th.
Shares of NYSE:HWC opened at $42.64 on Wednesday. Hancock Whitney has a 52 week low of $41.00 and a 52 week high of $56.40.
Hancock Whitney (NYSE:HWC) last released its earnings results on Tuesday, October 16th. The company reported $1.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.01. The company had revenue of $289.71 million during the quarter, compared to analysts’ expectations of $292.73 million.
In other Hancock Whitney news, Director Christine L. Pickering sold 586 shares of the stock in a transaction that occurred on Thursday, July 26th. The shares were sold at an average price of $51.55, for a total value of $30,208.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John M. Hairston sold 15,941 shares of the stock in a transaction that occurred on Tuesday, July 31st. The stock was sold at an average price of $50.18, for a total transaction of $799,919.38. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,452 shares of company stock valued at $1,240,246.
A number of hedge funds have recently added to or reduced their stakes in HWC. Nisa Investment Advisors LLC acquired a new position in shares of Hancock Whitney during the 2nd quarter worth $127,000. Cerebellum GP LLC acquired a new position in shares of Hancock Whitney during the 2nd quarter worth $168,000. Brown Advisory Inc. acquired a new position in shares of Hancock Whitney during the 1st quarter worth $221,000. Neville Rodie & Shaw Inc. acquired a new position in shares of Hancock Whitney during the 2nd quarter worth $226,000. Finally, LS Investment Advisors LLC acquired a new position in shares of Hancock Whitney during the 2nd quarter worth $227,000.
Hancock Whitney Company Profile
Hancock Whitney Corp. is a bank holding company, which engages in the provision of financial services. It also offers trust and investment management services to retirement plans, corporations, and individuals; and brokerage services, annuity products, and life insurance, general insurance agency services, including life and title insurance, consumer financing service.
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