Since September 19, 2023, a total of 7 analysts have shared their unique perspectives on Hancock Whitney (NASDAQ:HWC) stock. These analysts, hailing from prominent Wall Street banks, have been diligently studying the company’s operations in order to make predictions about its future performance in the stock market.
Their opinions can be divided into several categories: 3 analysts are bullish, expressing a positive outlook on the stock; 1 analyst is somewhat bullish, indicating a moderately positive stance; and 3 analysts remain indifferent, neither overly optimistic nor pessimistic. Interestingly, none of the analysts have shown a somewhat bearish or bearish sentiment towards the stock.
Furthermore, over the past 3 months, these 7 analysts have also provided their 12-month price targets for Hancock Whitney. The average price target stands at $46.0, with the highest target being $47.00 and the lowest target at $42.00. Notably, the average price target has experienced a slight increase of 0.37% in the past month.
Hancock Whitney Corporation
HWC
Strong Buy
Updated on: 19/09/2023
Financial Health
Very Healthy
Debt to equity ratio: Strong Buy
Price to earnings ratio: Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Neutral
HWC Stock Performance on September 19, 2023: Moderate Decrease in Price with Upcoming Earnings Report Insights
HWC Stock Performance on September 19, 2023
On September 19, 2023, HWC stock had a mixed performance in the market. The stock opened at $38.85 and closed at $38.46, reflecting a decrease of $0.35 or 1.25% from the previous day’s close.
The trading volume for HWC stock on this day was 44,338 shares, significantly lower than the average volume of 569,913 shares over the past three months. The market capitalization of HWC stood at $3.3 billion.
In terms of financial performance, HWC had shown positive earnings growth of 14.74% in the previous year. However, this year’s earnings growth had declined by 13.06%. Looking ahead, analysts projected a modest earnings growth of 8.00% over the next five years.
The revenue growth for HWC in the last year was 10.03%. The price-to-earnings (P/E) ratio for HWC stock was 6.3, suggesting that the stock may be undervalued compared to its earnings. The price/sales ratio was 2.85, and the price/book ratio was 0.98.
HWC’s next reporting date is scheduled for October 17, 2023. Analysts forecast an earnings per share (EPS) of $1.23 for the current quarter. The company’s annual revenue for the previous year was $1.5 billion, with an annual profit of $516.5 million. The net profit margin for HWC was 35.20%.
HWC operates in the finance sector, specifically in the regional banks industry. The company’s corporate headquarters are located in Gulfport, Mississippi.
Overall, HWC stock had a relatively moderate performance on September 19, 2023, with a slight decrease in price. Investors will be closely watching HWC’s upcoming earnings report on October 17, 2023, to gain further insights into the company’s financial performance.
Positive Outlook for Hancock Whitney Corp (HWC) Stock: Analysts Predict Potential 25.10% Increase
Hancock Whitney Corp (HWC) stock has a positive outlook for the future. According to CNN Money, analysts have a median target of $47.00, with a high estimate of $54.00 and a low estimate of $43.00, indicating a potential increase of 25.10% from the last price of $37.57.
The consensus among 9 polled investment analysts is to buy stock in Hancock Whitney Corp. This rating has remained steady since September when it was upgraded from a hold rating.
Hancock Whitney Corp reported earnings per share of $1.23 for the current quarter, indicating a strong performance and generating profits. The company also reported sales of $355.2 million for the same period, indicating a healthy level of revenue.
Investors can expect to receive more information about Hancock Whitney Corp’s performance on October 17, as that is the reporting date for the current quarter.
Overall, the outlook for Hancock Whitney Corp’s stock performance on September 19, 2023, is positive. The median price target of $47.00 suggests a potential increase of 25.10% from the current price, and the consensus among analysts is to buy the stock. The company’s financial performance, with strong earnings per share and sales, further supports the positive outlook. Investors should keep an eye on the upcoming reporting date on October 17 to stay updated on the company’s performance.
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