Hancock Whitney Corp (NASDAQ: HWC) is -4.42% lower on its value in year-to-date trading and has touched a low of $41.56 and a high of $62.40 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 $51.98 in the last trading session, with the day’s gains setting it 0.32%.
Currently trading at $52.30, the stock is -1.66% and -7.75% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.02 million and changing 0.62% at the moment leaves the stock -1.97% off its SMA200. HWC registered 24.41% gain for a year compared to 6-month gain of 2.97%. The firm has a 50-day simple moving average (SMA 50) of $56.6924 and a 200-day simple moving average (SMA200) of $53.3501.
The stock witnessed a -10.01% loss in the last 1 month and extending the period to 3 months gives it a -8.20%, and is 2.13% 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 2.16% over the week and 2.77% over the month.
Hancock Whitney Corp (HWC) has around 3476 employees, a market worth around $4.50B and $2.06B in sales. Current P/E ratio is 9.90 and Fwd P/E is 9.11. Profit margin for the company is 22.27%. Distance from 52-week low is 25.84% and -16.19% from its 52-week high. The company has generated returns on investments over the last 12 months (10.31%).
The EPS is expected to grow by 1.99% this year.
Hancock Whitney Corp (HWC) Top Institutional Holders
449.0 institutions hold shares in Hancock Whitney Corp (HWC), with institutional investors hold 89.24% of the company’s shares. The shares outstanding are 86.12M, and float is at 84.99M with Short Float at 3.11%. Institutions hold 88.28% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 12.12 million shares valued at $579.72 million. The investor’s holdings represent 14.0086% of the HWC Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 9.76 million shares valued at $466.72 million to account for 11.2782 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 4.98 million shares representing 5.7561% and valued at over $238.2 million, while STATE STREET CORP holds 4.8826 of the shares totaling 4.22 million with a market value of $202.06 million.
Hancock Whitney Corp (HWC) Insider Activity
The most recent transaction is an insider sale by HAIRSTON JOHN M, the company’s President & CEO. SEC filings show that HAIRSTON JOHN M sold 18,000 shares of the company’s common stock on Nov 07 ’24 at a price of $59.44 per share for a total of $1.07 million. Following the sale, the insider now owns 0.25 million shares.
Still, SEC filings show that on Oct 29 ’24, PICKERING CHRISTINE L (Director) disposed off 763 shares at an average price of $52.40 for $39981.0. The insider now directly holds 23,518 shares of Hancock Whitney Corp (HWC).
