Hancock Whitney (NYSE:HWC) has been given a $42.00 price target by equities researchers at SunTrust Banks in a research report issued to clients and investors on Friday, BenzingaRatingsTable reports. The brokerage currently has a “hold” rating on the stock. SunTrust Banks’ target price points to a potential upside of 5.24% from the company’s previous close. SunTrust Banks also issued estimates for Hancock Whitney’s Q4 2019 earnings at $1.05 EPS, FY2019 earnings at $4.07 EPS, Q1 2020 earnings at $1.03 EPS, Q2 2020 earnings at $1.08 EPS, Q3 2020 earnings at $1.09 EPS and FY2020 earnings at $4.27 EPS.
Several other research firms have also recently weighed in on HWC. Stephens reiterated a “hold” rating and set a $42.00 price objective on shares of Hancock Whitney in a report on Wednesday, July 17th. Bank of America cut Hancock Whitney from a “buy” rating to a “neutral” rating in a research note on Thursday, July 11th. Finally, Raymond James restated a “reduce” rating and issued a $48.00 target price (up previously from $45.00) on shares of Hancock Whitney in a research note on Wednesday, July 17th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. Hancock Whitney currently has an average rating of “Hold” and a consensus target price of $45.60.
Shares of NYSE:HWC traded up $0.73 during trading on Friday, hitting $39.91. 39,201 shares of the company’s stock traded hands, compared to its average volume of 442,142. Hancock Whitney has a 52 week low of $32.59 and a 52 week high of $50.95. The company has a 50-day moving average price of $36.95 and a 200-day moving average price of $40.05.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quantamental Technologies LLC lifted its stake in Hancock Whitney by 44.8% in the 2nd quarter. Quantamental Technologies LLC now owns 928 shares of the company’s stock valued at $37,000 after acquiring an additional 287 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in Hancock Whitney in the 2nd quarter valued at approximately $45,000. Belpointe Asset Management LLC bought a new stake in shares of Hancock Whitney during the 1st quarter worth approximately $103,000. Tower Research Capital LLC TRC raised its stake in shares of Hancock Whitney by 51.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,976 shares of the company’s stock worth $120,000 after purchasing an additional 1,006 shares in the last quarter. Finally, CIBC World Markets Inc. bought a new stake in shares of Hancock Whitney during the 1st quarter worth approximately $209,000.
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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