Hancock Whitney’s (HWC) Reduce Rating Reaffirmed at Raymond James

Raymond James reiterated their reduce rating on shares of Hancock Whitney (NYSE:HWC) in a research report sent to investors on Wednesday morning, The Fly reports. The brokerage currently has a $48.00 price target on the stock, up from their prior price target of $45.00.

Several other equities analysts have also commented on HWC. Bank of America set a $97.00 target price on Merck & Co., Inc. and gave the company a buy rating in a report on Thursday, July 11th. Zacks Investment Research raised GreenTree Hospitality Group from a sell rating to a hold rating in a report on Monday, April 15th. Finally, Stephens reissued an overweight rating and issued a $120.00 price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The company presently has an average rating of Hold and an average price target of $46.50.

NYSE:HWC opened at $40.37 on Wednesday. The company’s 50 day moving average is $39.42. 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 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.01. The company had revenue of $299.12 million for the quarter, compared to the consensus estimate of $294.04 million. During the same period last year, the company posted $0.96 earnings per share.

In related news, Director Joan Cahill Teofilo sold 1,150 shares of the stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $39.34, for a total value of $45,241.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

A number of hedge funds have recently modified their holdings of HWC. FMR LLC bought a new position in Hancock Whitney in the 4th quarter worth approximately $47,000. Belpointe Asset Management LLC bought a new position in Hancock Whitney in the 1st quarter worth approximately $103,000. CIBC World Markets Inc. bought a new position in Hancock Whitney in the 1st quarter worth approximately $209,000. Ironwood Investment Management LLC bought a new position in Hancock Whitney in the 1st quarter worth approximately $210,000. Finally, Resources Management Corp CT ADV bought a new position in Hancock Whitney in the 4th quarter worth approximately $225,000.

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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The Fly

Analyst Recommendations for Hancock Whitney (NYSE:HWC)

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