Hancock Whitney (NYSE:HWC) Stock Rating Lowered by Bank of America

Hancock Whitney (NYSE:HWC) was downgraded by stock analysts at Bank of America from a “buy” rating to a “neutral” rating in a note issued to investors on Thursday, MarketBeat reports.

Several other research analysts have also weighed in on the stock. Stephens assumed coverage on shares of LiqTech International in a report on Tuesday. They set an “overweight” rating and a $13.00 price objective on the stock. Zacks Investment Research upgraded shares of GreenTree Hospitality Group from a “sell” rating to a “hold” rating in a report on Monday, April 15th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. Hancock Whitney currently has an average rating of “Buy” and a consensus target price of $50.40.

Shares of HWC stock opened at $39.51 on Thursday. Hancock Whitney has a 1-year low of $32.59 and a 1-year high of $53.00. The business’s 50-day moving average is $39.47.

Hancock Whitney (NYSE:HWC) last announced its quarterly earnings data on Tuesday, April 16th. The company reported $1.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.02. The company had revenue of $293.58 million for the quarter, compared to analysts’ expectations of $294.63 million. The company’s quarterly revenue was up 6.4% on a year-over-year basis.

In other news, Director Joan Cahill Teofilo sold 1,150 shares of the stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $39.34, for a total transaction of $45,241.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Several hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio acquired a new stake in Hancock Whitney during the 4th quarter worth approximately $1,829,000. Janus Henderson Group PLC increased its position in Hancock Whitney by 2.0% during the 1st quarter. Janus Henderson Group PLC now owns 1,175,146 shares of the company’s stock worth $47,476,000 after purchasing an additional 22,882 shares in the last quarter. American International Group Inc. acquired a new stake in Hancock Whitney during the 4th quarter worth approximately $7,904,000. Millennium Management LLC acquired a new stake in Hancock Whitney during the 4th quarter worth approximately $11,162,000. Finally, Raymond James & Associates acquired a new stake in Hancock Whitney during the 4th quarter worth approximately $1,348,000.

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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Analyst Recommendations for Hancock Whitney (NYSE:HWC)

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