Raymond James Believes Hancock Whitney (HWC) Won’t Stop Here

Raymond James analyst Michael Rose reiterated a Buy rating on Hancock Whitney (HWC) today. The company’s shares closed last Monday at $47.43, close to its 52-week high of $48.27.

According to TipRanks.com, Rose is a 4-star analyst with an average return of 9.2% and a 55.3% success rate. Rose covers the Financial sector, focusing on stocks such as American National Bankshares, Pinnacle Financial Partners, and Atlantic Capital Bancshares.

Currently, the analyst consensus on Hancock Whitney is a Moderate Buy with an average price target of $49.00, implying a 4.3% upside from current levels. In a report issued on April 21, Piper Sandler also maintained a Buy rating on the stock with a $52.00 price target.

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Based on Hancock Whitney’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $322 million and net profit of $107 million. In comparison, last year the company earned revenue of $316 million and had a GAAP net loss of $111 million.

Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HWC in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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