Hancock Whitney (NYSE:HWC) Stock Rating Lowered by Bank of America

Bank of America lowered shares of Hancock Whitney (NYSE:HWC) from a buy rating to a neutral rating in a report issued on Thursday morning, BenzingaRatingsTable reports.

Other equities research analysts have also recently issued research reports about the company. Stephens assumed coverage on LiqTech International in a report on Tuesday, July 9th. They issued an overweight rating and a $13.00 price target for the company. Zacks Investment Research raised GreenTree Hospitality Group from a sell rating to a hold rating in a report on Monday, April 15th. One 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. The company has an average rating of Buy and a consensus target price of $50.40.

NYSE:HWC opened at $39.51 on Thursday. Hancock Whitney has a one year low of $32.59 and a one year high of $53.00. The firm has a 50 day moving average of $39.47.

Hancock Whitney (NYSE:HWC) last posted its quarterly earnings results on Tuesday, April 16th. The company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.98 by $0.02. The company had revenue of $293.58 million during the quarter, compared to analyst estimates of $294.63 million. The firm’s revenue was up 6.4% compared to the same quarter last year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Wednesday, June 5th were given a $0.27 dividend. The ex-dividend date was Tuesday, June 4th. This represents a $1.08 annualized dividend and a yield of 2.73%.

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 this hyperlink.

A number of institutional investors have recently modified their holdings of HWC. FMR LLC purchased a new position in Hancock Whitney in the fourth quarter worth approximately $47,000. Belpointe Asset Management LLC purchased a new position in Hancock Whitney in the first quarter worth approximately $103,000. Captrust Financial Advisors purchased a new position in Hancock Whitney in the fourth quarter worth approximately $104,000. CIBC World Markets Inc. purchased a new position in Hancock Whitney in the first quarter worth approximately $209,000. Finally, Ironwood Investment Management LLC purchased a new position in shares of Hancock Whitney during the first quarter worth $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.

Featured Article: Retained Earnings

Analyst Recommendations for Hancock Whitney (NYSE:HWC)

Receive News & Ratings for Hancock Whitney Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hancock Whitney and related companies with MarketBeat.com's FREE daily email newsletter.