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

Hancock Whitney Corp (NYSE:HWC) has been given a consensus rating of “Hold” by the six brokerages that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $46.00.

HWC has been the subject of several recent research reports. Bank of America downgraded shares of Hancock Whitney from a “buy” rating to a “neutral” rating in a research note on Thursday, July 11th. Raymond James reiterated a “reduce” rating and issued a $48.00 target price (up previously from $45.00) on shares of Hancock Whitney in a research note on Wednesday, July 17th. Stephens reiterated a “hold” rating and issued a $42.00 target price on shares of Hancock Whitney in a research note on Wednesday, July 17th. Finally, Zacks Investment Research downgraded shares of Hancock Whitney from a “hold” rating to a “sell” rating in a research note on Monday, April 15th.

Shares of HWC traded down $0.56 during trading hours on Tuesday, hitting $36.59. The company’s stock had a trading volume of 13,515 shares, compared to its average volume of 449,590. The company has a 50 day moving average price of $39.75. Hancock Whitney has a 52-week low of $32.59 and a 52-week high of $53.00.

Hancock Whitney (NYSE:HWC) last posted its earnings results on Tuesday, July 16th. The company reported $1.01 earnings per share for the quarter, hitting the 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 in the previous year, the business earned $0.96 EPS.

In related news, Director Joan Cahill Teofilo sold 1,150 shares of the business’s stock in a transaction that occurred on 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 legal filing with the Securities & Exchange Commission, which is accessible through this link.

Large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP purchased a new position in Hancock Whitney in the 4th quarter worth approximately $123,438,000. Geode Capital Management LLC bought a new stake in shares of Hancock Whitney in the 4th quarter worth approximately $39,017,000. Norges Bank bought a new stake in shares of Hancock Whitney in the 4th quarter worth approximately $29,767,000. Deutsche Bank AG bought a new stake in shares of Hancock Whitney in the 4th quarter worth approximately $16,866,000. Finally, Bank of America Corp DE bought a new stake in shares of Hancock Whitney in the 4th quarter worth approximately $12,254,000.

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.

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Analyst Recommendations for Hancock Whitney (NYSE:HWC)

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