An Analysis of Hancock Whitney Corporation (HWC)’s Potential Price Growth


Hancock Whitney Corporation’s recently made public that its Chief Credit Officer Ziluca Christopher S unloaded Company’s shares for reported $96713.0 on Feb 02. In the deal valued at $53.11 per share,1,821 shares were sold. As a result of this transaction, Ziluca Christopher S now holds 18,314 shares worth roughly $ 0.9 million.

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Then, Knight Cecil W. Jr sold 6,675 shares, generating $334,595 in total proceeds. Upon selling the shares at $50.12, the Chief Banking Officer now owns 30,240 shares.

Before that, Exnicios Joseph S sold 2,540 shares. Hancock Whitney Corporation shares valued at $141,155 were divested by the President-Hancock Whitney Bank at a price of $55.57 per share. As a result of the transaction, Exnicios Joseph S now holds 21,557 shares, worth roughly $1.06 million.

Truist upgraded its Hancock Whitney Corporation [HWC] rating to a Buy from a a Hold in a research note published on Tuesday, January 19, 2022; the price target was increased to $70 from $50. PT values the company’s stock at a premium of 29.83 to its Tuesday closing price. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who increased its forecast for the stock in early September from “a Mkt perform” to “an Outperform”. Raymond James also remained covering HWC and has increased its forecast on April 07, 2021 with a “Strong buy” recommendation from previously “an Outperform” rating. Jefferies revised its rating on January 07, 2021. It rated HWC as “a Buy” which previously was an “a Hold”.

Price Performance Review of HWC

On Tuesday, Hancock Whitney Corporation [NASDAQ:HWC] saw its stock fall -0.06% to $49.12. On the same session, the stock had its day’s lowest price of $49.12, but rose to a high of $49.71. Over the last five days, the stock has lost -0.59%. Hancock Whitney Corporation shares have risen nearly 1.51% since the year began. Nevertheless, the stocks have fallen -11.73% over the past one year. While a 52-week high of $57.00 was reached on 02/03/23, a 52-week low of $41.62 was recorded on 01/18/23. SMA at 50 days reached $49.90, while 200 days put it at $49.46. A total of 0.56 million shares were traded, compared to the trading of 0.39 million shares in the previous session.

Levels Of Support And Resistance For HWC Stock

The 24-hour chart illustrates a support level at 48.92, which if violated will result in even more drops to 48.73. On the upside, there is a resistance level at 49.51. A further resistance level may holdings at 49.91. The Relative Strength Index (RSI) on the 14-day chart is 38.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.84, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.09%. Stochastics %K at 16.74% indicates the stock is a buying.

How much short interest is there in Hancock Whitney Corporation?

A steep rise in short interest was recorded in Hancock Whitney Corporation stocks on Jan 30, 2023, dropping by -0.38 million shares to a total of 2.12 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 2.5 million shares. There was a decline of -17.92%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.22% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.14.

Hancock Whitney Corporation [HWC] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 9,921,807 shares, or roughly 11.58% of the outstanding HWC shares. In other words, the investor’s shares have risen by 559,024 from its previous 13-F filing of 9362783.0. Additionally, The Vanguard Group, Inc. increased 1.20% of its stake after which the total value it holdings stand at $462,651,996, while Dimensional Fund Advisors LP added 0.72% of its stake to hold $232.3 million in the firm. Over the last quarter, Macquarie Investment Management B sold -23,964 shares of Hancock Whitney Corporation, while SSgA Funds Management, Inc. sold 235,251 shares. At present, Geode Capital Management LLC is holding 1,661,960 shares valued at $85.56 million. Goldman Sachs Asset Management LP owned 1,629,880 shares of the company at the time of its most recent 13F filing, worth $83.91 million.

However, 9 analysts have rated HWC stock as a Buy in their predictions for 2023.


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