The Attractiveness of Investing In Hancock Whitney Corporation (HWC) is Growing


Hancock Whitney Corporation’s filing revealed that its Director Wilkins Carleton Richard unloaded Company’s shares for reported $47575.0 on Aug 01. In the deal valued at $42.86 per share,1,110 shares were sold. As a result of this transaction, Wilkins Carleton Richard now holds 14,657 shares worth roughly $ 0.61 million.

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Then, HAIRSTON JOHN M sold 23,517 shares, generating $1,034,748 in total proceeds. Upon selling the shares at $44.00, the President & CEO now owns 205,369 shares.

Before that, Knight Cecil W. Jr sold 1,892 shares. Hancock Whitney Corporation shares valued at $82,592 were divested by the Chief Banking Officer at a price of $43.65 per share. As a result of the transaction, Knight Cecil W. Jr now holds 33,263 shares, worth roughly $1.39 million.

Raymond James downgraded its Hancock Whitney Corporation [HWC] rating to an Outperform from a a Strong buy in a research note published on Tuesday, July 19, 2023; the price target was increased to $46 from $45. PT values the company’s stock at a premium of 9.24 to its Tuesday closing price.

Price Performance Review of HWC

On Tuesday, Hancock Whitney Corporation [NASDAQ:HWC] saw its stock fall -1.67% to $41.75. On the same session, the stock had its day’s lowest price of $41.28, but rose to a high of $42.25. Over the last five days, the stock has gained 1.83%. Hancock Whitney Corporation shares have fallen nearly -13.72% since the year began. Nevertheless, the stocks have fallen -13.83% over the past one year. While a 52-week high of $57.00 was reached on 02/03/23, a 52-week low of $31.02 was recorded on 05/04/23. SMA at 50 days reached $41.70, while 200 days put it at $43.39. A total of 0.56 million shares were traded, compared to the trading of 0.43 million shares in the previous session.

Levels Of Support And Resistance For HWC Stock

The 24-hour chart illustrates a support level at 41.27, which if violated will result in even more drops to 40.79. On the upside, there is a resistance level at 42.24. A further resistance level may holdings at 42.73. The Relative Strength Index (RSI) on the 14-day chart is 50.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 25.74%. Stochastics %K at 89.88% indicates the stock is a selling.

How much short interest is there in Hancock Whitney Corporation?

A steep rise in short interest was recorded in Hancock Whitney Corporation stocks on Aug 14, 2023, dropping by -0.76 million shares to a total of 2.04 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 2.8 million shares. There was a decline of -37.25%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.19% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.62.

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

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 9,871,384 shares, or roughly 11.47% of the outstanding HWC shares. In other words, the investor’s shares have risen by 33,734 from its previous 13-F filing of 9837650.0. Additionally, The Vanguard Group, Inc. decreased -1.76% of its stake after which the total value it holdings stand at $395,157,208, while Dimensional Fund Advisors LP reduced -1.15% of its stake to hold $193.65 million in the firm. Over the last quarter, SSgA Funds Management, Inc. purchased 107,900 shares of Hancock Whitney Corporation, while Macquarie Investment Management B bought -834,615 shares. At present, Fuller & Thaler Asset Management, is holding 3,189,184 shares valued at $140.36 million. Wellington Management Co. LLP owned 2,042,495 shares of the company at the time of its most recent 13F filing, worth $89.89 million.

According to FactSet, Hancock Whitney Corporation’s share price will average $47.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 8.34 percent from its previous closing price of $42.46. Analysts expect Hancock Whitney Corporation stock to reach the higher price of $54.00, while the lowest price estimate is $43.00. However, 9 analysts have rated HWC stock as an Overweight in their predictions for 2023.


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