Hancock Whitney Corporation (NASDAQ: HWC) is -4.34% lower on its value in year-to-date trading and has touched a low of $41.62 and a high of $59.82 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The HWC stock was last observed hovering at around $47.97 in the last trading session, with the day’s loss setting it -0.12% off its average median price target of $58.00 for the next 12 months. It is also 20.25% off the consensus price target high of $60.00 offered by 9 analysts, but current levels are 13.0% higher than the price target low of $55.00 for the same period.
Currently trading at $47.85, the stock is 5.56% and 3.44% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.42 million and changing -0.25% at the moment leaves the stock -4.40% off its SMA200. HWC registered 8.58% gain for a year compared to 6-month loss of -11.01%.
The stock witnessed a 7.84% gain in the last 1 month and extending the period to 3 months gives it a 0.53%, and is 0.84% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.20% over the week and 2.96% over the month.
Hancock Whitney Corporation (HWC) has around 3486 employees, a market worth around $4.20B and $982.30M in sales. Current P/E ratio is 9.17 and Fwd P/E is 8.08. Profit margin for the company is 46.20%. Distance from 52-week low is 14.97% and -20.01% from its 52-week high. The company has generated returns on investments over the last 12 months (23.10%).
Hancock Whitney Corporation (HWC) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Hancock Whitney Corporation (HWC) is a “Buy”. 9 analysts offering their recommendations for the stock have an average rating of 1.80, where 1 rate it as a Hold and 0 think it is a “Overweight”. 8 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Hancock Whitney Corporation is expected to release its quarterly report on 10/18/2022.The EPS is expected to grow by 8.00% this year.
Hancock Whitney Corporation (HWC) Top Institutional Holders
The shares outstanding are 86.66M, and float is at 86.16M with Short Float at 2.40%.
Hancock Whitney Corporation (HWC) Insider Activity
A total of 57 insider transactions have happened at Hancock Whitney Corporation (HWC) in the last six months, with sales accounting for 10 and purchases happening 47 times. The most recent transaction is an insider sale by HAIRSTON JOHN M,the company’sPresident & CEO. SEC filings show that HAIRSTON JOHN M sold 26,473 shares of the company’s common stock on Jul 22 at a price of $47.15 per share for a total of $1.25 million. Following the sale, the insider now owns 0.2 million shares.
Hancock Whitney Corporation disclosed in a document filed with the SEC on Apr 25 that Teofilo Joan Cahill (Director) bought a total of 100 shares of the company’s common stock. The trade occurred on Apr 25 and was made at $49.33 per share for $4933.0. Following the transaction, the insider now directly holds 7310.0 shares of the HWC stock.
Still, SEC filings show that on Jan 21, Exnicios Joseph S (President-Hancock Whitney Bank) disposed off 5,300 shares at an average price of $53.10 for $0.28 million. The insider now directly holds 17,142 shares of Hancock Whitney Corporation (HWC).
Hancock Whitney Corporation (HWC): Who are the competitors?
The company’s main competitors (and peers) include Renasant Corporation (RNST) that is trading -7.66% down over the past 12 months and Cadence Bank (CADE) that is 3.03% higher over the same period. Regions Financial Corporation (RF) is 7.78% up on the 1-year trading charts.