According to information from Bloomberg Ratings, all eight brokerages presently covering Hancock Whitney Co. (NASDAQ: HWC) have given the firm a collective “Buy” recommendation for the stock in question. This rating was given to the company by Bloomberg Ratings. The stock was recommended for purchase by three of the equity research analysts polled, including one who gave it a strong purchase recommendation. Analysts that have updated their company coverage within the past year have collectively determined that the stock should reach a price of $57.57 within the next 12 months as their average price goal. This price target has been determined by analysts who have determined that the stock should reach a price of $57.57 within the next 12 months. Recent research conducted at academic institutions has focused on HWC as a subject for investigation. In a report published on August 20, Bloomberg revised its earlier rating of Hancock Whitney from “hold” to “buy” in a report that stated that the move was made effective immediately. On July 11, Jefferies Financial Group reduced their “buy” rating and price objective on Hancock Whitney shares from $60.00 to $55.00.
DA Davidson disclosed in a report made public on Tuesday, August 16, that the firm has increased its price objective for Hancock Whitney shares from $56.00 to $60.00. The target price that Truist Financial has set for Hancock Whitney shares has decreased from $63.00 to $58.00, as stated in a research note that was disseminated on Wednesday, June 15. Stephens increased their price objective on shares of Hancock Whitney in a report that was issued on Friday, July 22. The new level of their price objective is $57.00, which is up from the previous level of $55.00. The NASDAQ HWC market opened for trading on Tuesday with a price per share of $48.52 per share. The company’s moving averages for the last fifty days are presently resting at $47.27, and the moving averages for the past two hundred days are currently at $49.22, respectively. The price-to-earnings ratio for the stock is at 8.38, and its market value sits at $4.16 billion. The stock’s beta value currently sits at 1.40. Hancock Whitney’s stock has fluctuated between $41.62 and $59.82 over the past 52 weeks, reaching a 52-week high of $59.82. All three of the liquidity ratios, the current ratio, the quick ratio, and the debt-to-equity ratio, all come in at 0.76, while the debt-to-equity ratio is at 0.07. On Tuesday, July 19, the most recent quarterly earnings report for Hancock Whitney (NASDAQ: HWC) was made available to the public.
The actual profits per share of the firm for the quarter were $1.38, which is $0.03 higher than the consensus expectation from industry experts, which was $1.35. The return on equity for Hancock Whitney came in at 14.41%, and the net margin for the company was 38.60%. Compared to the same period the previous year, the firm made a profit of $1.37 per share during this period. The majority opinion held by professionals in the financial industry is that Hancock Whitney will report earnings of 5.85 cents per share for the current fiscal year. In addition, the company has announced that it will be distributing a quarterly dividend on September 15 after it has already done so by declaring it. On Tuesday, September 6, shareholders of record will be eligible to receive a dividend payment, which will be in the amount of $0.27. On Friday, September 2, the date that dividends will no longer be paid out will have passed. This results in a dividend yield of 2.23% and an annual dividend payout of $1.08 per share for each share held. At Hancock Whitney, the payout ratio is 18.65 percent of total revenue. On August 1, Cecil W. Knight, Jr., a company’s management team member, sold 1,250 shares of the company’s stock. This information was included in a separate piece of news. The transaction involved selling the shares at an average price of $49.24 per share, which resulted in a total sale volume of $61,550.00. The corporate insider is now the owner of 30,260 company shares, which have a value of $1,490,002.40 as a direct result of the transaction.
One can acquire access to the document that gives further information on the transaction by going to the website of the Securities and Exchange Commission (SEC). John M. Hairston, the company’s Chief Executive Officer, sold 26,473 shares of the company’s stock on Friday, July 22. The total amount received for the sale of the shares was $1,248,201.95, equivalent to an average price of $47.15 per share. Following the completion of the transaction, the CEO will be the owner of a total of 201,633 shares in the company, which have an aggregate value of $9,506,995.95 at present. One can acquire access to the document that gives further information on the transaction by going to the website of the Securities and Exchange Commission (SEC). On August 1, business insider Cecil W. Knight, Jr. sold 1,250 of the company’s shares of stock. Both of these transactions took place. The transaction involved selling the shares at an average price of $49.24 per share, which resulted in a total sale volume of $61,550.00. Following the completion of the transaction, the corporate insider will now have ownership of 30,260 shares of the firm, which have a combined value of $1,490,002.40. Disclosures that are related to the sale might be found in this section of the website. Insiders of the corporation collectively hold one percent of the total number of shares issued by the company. Recent months have seen several significant institutional investors adjusting their stock ownership portfolios.
A new investment of 663 thousand dollars was made in Hancock Whitney during the second quarter by Prelude Capital Management LLC. During the second quarter, Captrust Financial Advisors increased the number of Hancock Whitney shares it owned by 277.0%, bringing its total ownership percentage to 100%. Captrust Financial Advisors increased the number of shares they own in the firm by 7,750 during the most recent fiscal quarter, bringing the total number of shares they own in the business to 10,548. The total value of these shares comes to $468,000. Rhino Investment Partners Inc. increased the proportion of Hancock Whitney in which it was invested by 1.1% during the second quarter. Rhino Investment Partners Inc. has increased the total number of shares it has in the firm to 178,273, bringing the total value of those shares to $7,903,000 since the beginning of the most recent fiscal quarter. This was accomplished by purchasing an extra 2,000 shares of the company. Hancock Whitney made a new investment in Algebris UK Ltd. during the second quarter by obtaining a new interest in the company for roughly $2,394,000. Price T. Rowe Associates, Inc., MD increased the percentage of Hancock Whitney stock owned by 9.0% during the second quarter of this year. This is the last item on the agenda.
Three months ago, MD acquired an additional 6,726 shares, bringing the total number of shares it holds in the company to 81,463, a total increase of 6,726. The value of these shares as of right now is $3,611,000 total. Institutional investors and hedge funds hold the company’s shares for 78.36% of the total. Specifics regarding the operation of the organization William Henry Whitney Hancock Hancock Whitney Bank is owned by Hancock Whitney Corporation, which serves as the bank’s holding company. Customers in commercial, retail, and small business sectors can take advantage of a wide range of banking products and services Hancock Whitney Corporation provides. It is willing to accept deposits of a wide variety, including demand deposits, time deposits, savings accounts, money market accounts, and money market accounts that do not yield interest.