Hancock Whitney Corporation (HWC) Receives a Buy from Stephens


Stephens analyst Matt Olney assigned a Buy rating to Hancock Whitney Corporation (HWC) today and set a price target of $50. The company’s shares closed yesterday at $43.74.

According to TipRanks.com, Olney is a 3-star analyst with an average return of 1.4% and a 52.0% success rate. Olney covers the Financial sector, focusing on stocks such as Spirit Of Texas Bancshares Inc, Business First Bancshares Inc, and First Western Financial Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Hancock Whitney Corporation with a $51 average price target, implying a 16.6% upside from current levels. In a report issued on April 17, Piper Jaffray also maintained a Buy rating on the stock with a $52 price target.

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Based on Hancock Whitney Corporation’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $79.16 million. In comparison, last year the company had a net profit of $71.11 million.

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Hancock Whitney Corp. operates as a bank holding company, which engages in the provision of financial services. It also offers trust and investment management services to retirement plans, corporations, individuals, brokerage services, annuity products, life insurance, general insurance and agency services, including life, title insurance and consumer financing service. The company was founded in 1984 and is headquartered in Gulfport, MS.

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