The stock of Hancock Whitney Corp. (NASDAQ:HWC) last traded at $44.67, down -0.31% from the previous session.
HWC stock price is now -2.57% away from the 50-day moving average and 4.55% away from the 200-day moving average. The market capitalization of the company currently stands at $3.87B.
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With the price target maintained at $55, Keefe Bruyette recently Upgraded its rating from Mkt Perform to Outperform for Hancock Whitney Corp. (NASDAQ: HWC). On April 17, 2024, Citigroup Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $48 to quote $50, while ‘DA Davidson’ rates the stock as ‘Buy’
In other news, Knight Cecil W. Jr, Chief Banking Officer sold 844 shares of the company’s stock on May 01 ’24. The stock was sold for $39,516 at an average price of $46.82. Upon completion of the transaction, the Chief Banking Officer now directly owns 58,843 shares in the company, valued at $2.63 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 30 ’24, Director PICKERING CHRISTINE L sold 1,300 shares of the business’s stock. A total of $59,306 was realized by selling the stock at an average price of $45.62. This leaves the insider owning 23,982 shares of the company worth $1.07 million. A total of 1.18% of the company’s stock is owned by insiders.
During the past 12 months, Hancock Whitney Corp. has had a low of $32.16 and a high of $49.65. According to the stock market information, the enterprise value for the company is $4182256640, which is based on a 10.41 price-to-earnings ratio, a 1.30 price-to-earnings-growth ratio, and a beta of 1.29. The fifty day moving average price for HWC is $45.8536 and a two-hundred day moving average price translates $42.7451 for the stock.
The latest earnings results from Hancock Whitney Corp. (NASDAQ: HWC) was released for 2024-03-31. The net profit margin was 18.70% and return on equity was 10.06% for HWC. The company reported revenue of $421.68 million for the quarter, compared to $372.6 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.17 percent.
