Dimensional Fund Advisors LP recently announced the acquisition of new stake in Hancock Whitney Corporation (NASDAQ:HWC). The institutional investor has increased its shareholding in the Financial company by 6.57% to 4.56 million shares with purchase of 0.28 million shares. This fresh investment now brings its stake to 5.29% valued currently at $98.68 million. In addition, Macquarie Investment Management B… raised its holdings by 0.3 million to 4.34 million shares. And Northern Trust Investments, Inc.(… has lifted its position by 0.17% or 3526.0 shares – to 2.1 million shares.
With over 0.51 million Hancock Whitney Corporation (HWC) shares trading Thursday and a closing price of $19.46 on the day, the dollar volume was approximately $9.92 million. The shares have shown a negative weekly performance of -8.27% and its price on 07/02/20 lost nearly -0.41%. Currently, there are 87.19M common shares owned by the public and among those 85.46M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 10 analysts who have offered their price forecasts for HWC have a consensus price objective of $26.08. The analysts have set the share’s price value over the next 12 months at a high of $30.00 and a low of $23.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Hancock Whitney Corporation stock is 2.50 for the next 12 months. The average price target is 25.35% above its last price level and an upside to the estimated low will see the stock gain 15.39% over that period. But an upside of 35.13% will see the stock hit the forecast high price target while mean target price for the stock is $27.00.
Insiders at the company have transacted a total of 63 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 41 of these insider trades were purchases, accounting for 156,257 shares. Insider sales of the common stock occurred on 22 occasions, with total insider shares sold totaling 50,174 shares.
The top 3 mutual fund holders in Hancock Whitney Corporation are Vanguard Total Stock Market Index, iShares Core S&P Mid Cap ETF, and Vanguard Small Cap Index Fund. Vanguard Total Stock Market Index owns 2.51 million shares of the company’s stock, all valued at over $54.18 million. The company sold 2813.0 shares recently to bring their total holdings to about 2.91% of the shares outstanding. iShares Core S&P Mid Cap ETF bought 4960.0 shares to see its total holdings expand to 2.38 million shares valued at over $51.45 million and representing 2.76% of the shares outstanding. Vanguard Small Cap Index Fund sold 13965.0 shares to bring its total holdings to over 2.25 million shares at a value of $48.64 million. Vanguard Small Cap Index Fund now owns shares totaling to 2.61% of the shares outstanding.
Shares of Hancock Whitney Corporation (NASDAQ: HWC) opened at $20.41, up $0.87 from a prior closing price of $19.54. However, the script later closed the day at $19.46, down -0.41%. The company’s stock has a 5-day price change of -8.27% and 7.04% over the past three months. HWC shares are trading -55.65% year to date (YTD), with the 12-month market performance down to -50.58% lower. It has a 12-month low price of $14.32 and touched a high of $44.42 over the same period. Currently, 0.51 million shares have been traded, compared to an average intraday trading volume of 762.21K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -14.65%, -7.26%, and -39.56% respectively.
Institutional ownership of Hancock Whitney Corporation (NASDAQ: HWC) shares accounts for 78.20% of the company’s 87.19M shares outstanding. Mutual fund holders own 48.49%, while other institutional holders and individual stakeholders account for 7.43% and 29.47% respectively.
It has a market capitalization of $1.69B and a beta (3y monthly) value of 1.62. The stock’s trailing 12-month PE ratio is 12.74, while the earnings-per-share (ttm) stands at $1.53. The company has a PEG of 1.59 and a debt-to-equity ratio of0.07. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.73% over the week and 7.09% over the month.
Analysts forecast that Hancock Whitney Corporation (HWC) will achieve an EPS of $0.39 for the current quarter, $0.55 for the next quarter and $2.68 for 2021. The lowest estimate earnings-per-share for the quarter is $0.14 while analysts give the company a high EPS estimate of $0.67. Comparatively, EPS for the current quarter was $1.01 a year ago. Earnings per share for the fiscal year are expected to decrease by 0.00%, and 930.77% over the next financial year. EPS should shrink at an annualized rate of 8.00% over the next five years, compared to 12.10% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 10 brokerage firm advisors rate Hancock Whitney Corporation (HWC) as a “Moderate Buy” at a consensus score of 2.50. Specifically, 3 Wall Street analysts polled rate the stock as a buy, while 6 of the 10 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the HWC, a number of firms have released research notes about the stock. Raymond James stated their Outperform rating for the stock in a research note on June 17, 2020, with the firm’s price target at $27. DA Davidson coverage for the Hancock Whitney Corporation (HWC) stock in a research note released on May 01, 2020 offered a Neutral rating with a price target of $23. Raymond James was of a view on March 09, 2020 that the stock is Mkt Perform, while DA Davidson gave the stock Buy rating on February 28, 2020 . Raymond James on their part issued Strong Buy rating on December 13, 2019.