Stephens cut shares of Hancock Whitney (NYSE:HWC) from an overweight rating to an equal rating in a research report sent to investors on Tuesday, BenzingaRatingsTable reports. Stephens currently has $42.00 price target on the stock.
Separately, Zacks Investment Research upgraded shares of GreenTree Hospitality Group from a sell rating to a hold rating in a report on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. Hancock Whitney currently has a consensus rating of Buy and a consensus price target of $50.40.
Shares of HWC stock opened at $39.51 on Tuesday. Hancock Whitney has a 12-month low of $32.59 and a 12-month high of $53.00. The stock has a 50 day moving average of $39.47.
Hancock Whitney (NYSE:HWC) last issued its earnings results on Tuesday, April 16th. The company reported $1.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.02. The company had revenue of $293.58 million during the quarter, compared to analysts’ expectations of $294.63 million. The business’s quarterly revenue was up 6.4% compared to the same quarter last year.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Wednesday, June 5th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend was Tuesday, June 4th.
In other news, Director Joan Cahill Teofilo sold 1,150 shares of Hancock Whitney stock in a transaction 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 SEC, which is accessible through this link.
Institutional investors have recently modified their holdings of the company. FMR LLC purchased a new position in shares of Hancock Whitney during the 4th quarter worth $47,000. Belpointe Asset Management LLC bought a new stake in shares of Hancock Whitney during the 1st quarter valued at $103,000. Captrust Financial Advisors bought a new stake in shares of Hancock Whitney during the 4th quarter valued at $104,000. CIBC World Markets Inc. bought a new stake in shares of Hancock Whitney during the 1st quarter valued at $209,000. Finally, Ironwood Investment Management LLC bought a new stake in shares of Hancock Whitney during the 1st quarter valued at $210,000.
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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