Hancock Whitney Corp (NYSE:HWC) Given Consensus Recommendation of “Hold” by Analysts

Shares of Hancock Whitney Corp (NYSE:HWC) have been assigned a consensus recommendation of “Hold” from the six research firms that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $46.00.

A number of equities research analysts recently issued reports on HWC shares. Zacks Investment Research downgraded Hancock Whitney from a “hold” rating to a “sell” rating in a research report on Monday, April 15th. Stephens reiterated a “hold” rating and issued a $42.00 price objective on shares of Hancock Whitney in a research report on Wednesday, July 17th. Raymond James reiterated a “reduce” rating and issued a $48.00 price objective (up previously from $45.00) on shares of Hancock Whitney in a research report on Wednesday, July 17th. Finally, Bank of America downgraded Hancock Whitney from a “buy” rating to a “neutral” rating in a research report on Thursday, July 11th.

In other Hancock Whitney news, Director Joan Cahill Teofilo sold 1,150 shares of the firm’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $39.34, for a total transaction of $45,241.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HWC. Dimensional Fund Advisors LP purchased a new stake in Hancock Whitney during the fourth quarter valued at about $123,438,000. Geode Capital Management LLC bought a new position in shares of Hancock Whitney during the fourth quarter valued at about $39,017,000. Cramer Rosenthal Mcglynn LLC grew its stake in shares of Hancock Whitney by 55.9% during the second quarter. Cramer Rosenthal Mcglynn LLC now owns 2,650,587 shares of the company’s stock valued at $106,183,000 after buying an additional 950,909 shares during the last quarter. Norges Bank bought a new position in shares of Hancock Whitney during the fourth quarter valued at about $29,767,000. Finally, Deutsche Bank AG bought a new position in shares of Hancock Whitney during the fourth quarter valued at about $16,866,000.

Shares of HWC stock traded up $0.39 on Tuesday, reaching $36.61. The company’s stock had a trading volume of 211,567 shares, compared to its average volume of 448,802. Hancock Whitney has a 12-month low of $32.59 and a 12-month high of $53.00. The company has a 50 day simple moving average of $39.34.

Hancock Whitney (NYSE:HWC) last issued its quarterly earnings data on Tuesday, July 16th. The company reported $1.01 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.01. The business had revenue of $299.12 million during the quarter, compared to analysts’ expectations of $294.04 million. During the same quarter last year, the business posted $0.96 EPS.

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.

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Analyst Recommendations for Hancock Whitney (NYSE:HWC)

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