Hancock Whitney (HWC) Price Target Cut to $55.00 by Analysts at Raymond James

Hancock Whitney (NYSE:HWC) had its price target cut by research analysts at Raymond James from $60.00 to $55.00 in a research report issued on Thursday. The firm presently has a “strong-buy” rating on the stock. Raymond James’ price target would suggest a potential upside of 31.42% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. Stephens reissued a “hold” rating and set a $54.00 price objective on shares of Hancock Whitney in a report on Wednesday, July 18th. Piper Jaffray Companies set a $59.00 price objective on shares of Hancock Whitney and gave the company a “buy” rating in a report on Thursday, July 19th. Finally, Zacks Investment Research cut shares of Hancock Whitney from a “buy” rating to a “hold” rating in a report on Wednesday, July 11th.

HWC opened at $41.85 on Thursday. Hancock Whitney has a twelve month low of $41.00 and a twelve month high of $56.40.

Hancock Whitney (NYSE:HWC) last released its quarterly earnings data on Tuesday, October 16th. The company reported $1.01 earnings per share for the quarter, meeting the consensus estimate of $1.01. The company had revenue of $289.71 million for the quarter, compared to analysts’ expectations of $292.73 million.

In related news, insider Joseph S. Exnicios sold 7,925 shares of the business’s stock in a transaction that occurred on Monday, July 23rd. The shares were sold at an average price of $51.75, for a total transaction of $410,118.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christine L. Pickering sold 586 shares of the business’s stock in a transaction that occurred on Thursday, July 26th. The shares were sold at an average price of $51.55, for a total transaction of $30,208.30. The disclosure for this sale can be found here. Insiders have sold 24,452 shares of company stock valued at $1,240,246 over the last three months.

A number of hedge funds and other institutional investors have recently made changes to their positions in HWC. Copper Rock Capital Partners LLC bought a new stake in Hancock Whitney during the second quarter valued at approximately $22,729,000. Foundry Partners LLC bought a new stake in Hancock Whitney during the second quarter valued at approximately $20,333,000. Dalton Greiner Hartman Maher & Co. bought a new stake in Hancock Whitney during the second quarter valued at approximately $17,375,000. Fisher Asset Management LLC bought a new stake in Hancock Whitney during the second quarter valued at approximately $9,543,000. Finally, Cornerstone Wealth Management LLC bought a new stake in Hancock Whitney during the second quarter valued at approximately $3,363,000.

About Hancock Whitney

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.

Read More: Stop Order Uses For Individual Investors

Receive News & Ratings for Hancock Whitney Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hancock Whitney and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply