Hancock Whitney Corporation (HWC) Price Aside, HWC Fundamentals Booming Beyond Compare

The price of Hancock Whitney Corporation (NASDAQ:HWC) shares last traded on Wall Street fell -4.76% to $46.87.

Based on available information, 9 analysts follow Hancock Whitney Corporation (NASDAQ:HWC). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $63.00 and a low of $56.00, we find $59.00. Given the previous closing price of $49.21, this indicates a potential upside of 19.89 percent. HWC stock price is now -6.27% away from the 50-day moving average and -5.31% away from the 200-day moving average. The market capitalization of the company currently stands at $3.96B.

Among analysts, 1 rate the stock a hold while 8 rate it a buy. Brokers who have rated the stock have averaged $59.33 as their price target over the next twelve months.

With the price target enhanced from $50 to $70, Truist Upgraded its rating from Hold to Buy for Hancock Whitney Corporation (NASDAQ: HWC). On September 07, 2021, Keefe Bruyette Upgraded its previous ‘Mkt Perform’ rating to ‘Outperform’ on the stock keeping its target price maintained at $55, while ‘Raymond James’ rates the stock as ‘Strong Buy’.

In other news, Ziluca Christopher S, Chief Credit Officer sold 1,821 shares of the company’s stock on Feb 02. The stock was sold for $96,713 at an average price of $53.11. Upon completion of the transaction, the Chief Credit Officer now directly owns 18,314 shares in the company, valued at $0.86 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 30, Chief Banking Officer Knight Cecil W. Jr sold 6,675 shares of the business’s stock. A total of $334,595 was realized by selling the stock at an average price of $50.12. This leaves the insider owning 30,240 shares of the company worth $1.42 million. Insiders disposed of 99,697 shares of company stock worth roughly $4.67 million over the past 1 year. A total of 0.70% of the company’s stock is owned by insiders.

There have been several recent changes in the stakes of large investors in HWC stock. A new stake in Hancock Whitney Corporation shares was purchased by FULLER & THALER ASSET MANAGEMENT, INC. during the first quarter worth $75,718,000. DRIEHAUS CAPITAL MANAGEMENT LLC invested $11,555,000 in shares of HWC during the first quarter. In the first quarter, PENN CAPITAL MANAGEMENT COMPANY, LLC acquired a new stake in Hancock Whitney Corporation valued at approximately $8,556,000. WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC acquired a new stake in HWC for approximately $7,824,000. AMALGAMATED FINANCIAL CORP. purchased a new stake in HWC valued at around $2,593,000 in the second quarter. In total, there are 430 active investors with 81.90% ownership of the company’s stock.

A candlestick chart of Hancock Whitney Corporation (NASDAQ: HWC) showed a price of $48.87 on Tuesday morning. During the past 12 months, Hancock Whitney Corporation has had a low of $41.62 and a high of $57.00. The fifty day moving average price for HWC is $50.01 and a two-hundred day moving average price translates $49.50 for the stock.

The latest earnings results from Hancock Whitney Corporation (NASDAQ: HWC) was released for Dec, 2022. According to the Banks – Regional Company, earnings per share came in at $1.65, inline with analysts’ expectations of $1.65. This compares to $1.55 EPS in the same period last year. The net profit margin was 45.40% and return on equity was 15.50% for HWC. The company reported revenue of $345.68 million for the quarter, compared to $238.76 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 44.78 percent. For the current quarter, analysts expect HWC to generate $380.81M in revenue.

Moreover, the firm recently paid out its quarterly dividend on 03/15/2023. Investors who held shares on 03/06/2023 were paid a $0.30 dividend. On an annualized basis, this represents a $1.20 dividend and a 2.56% percent yield. There was an ex-dividend date of 03/03/2023 for this dividend. In terms of dividend payout ratio, HWC is presently at 18.00%.

Hancock Whitney Corporation(HWC) Company Profile

Hancock Whitney Corporation operates as the financial holding company for Hancock Whitney Bank that provides traditional and online banking services to commercial, small business, and retail customers. It accepts various deposit products, including noninterest-bearing demand deposits, interest-bearing transaction accounts, savings accounts, money market deposit accounts, and time deposit accounts. The company also offers loans products comprising commercial and industrial loans; commercial real estate loans; construction and land development loans; residential mortgages; consumer loans comprising second lien mortgage home loans, home equity lines of credit, and nonresidential consumer purpose loans; revolving credit facilities; and letters of credit and financial guarantees. In addition, it offers investment brokerage and treasury management services, and annuity and life insurance products; and trust and investment management services to retirement plans, corporations, and individuals. Further, the company facilitates investments in new market tax credit activities; and holds various foreclosed assets. The company operates 177 banking locations and 232 automated teller machines primarily in the Gulf south corridor, including southern and central Mississippi; southern and central Alabama; southern, central, and northwest Louisiana; the northern, central, and panhandle regions of Florida; and certain areas of east Texas, including Houston, Beaumont, Dallas, and San Antonio. It also operates a loan production office in Tennessee; and a trust and asset management office in Texas. The company was formerly known as Hancock Holding Company and changed its name to Hancock Whitney Corporation in May 2018. Hancock Whitney Corporation was founded in 1899 and is headquartered in Gulfport, Mississippi.