DA Davidson Maintains Buy Rating for Hancock Whitney: Here's What You Need To Know

DA Davidson has decided to maintain its Buy rating of Hancock Whitney HWC and lower its price target from $60.00 to $58.00.

Shares of Hancock Whitney are trading down 4.74% over the last 24 hours, at $48.00 per share.

A move to $58.00 would account for a 20.83% increase from the current share price.

About Hancock Whitney

Hancock Whitney Corp operates bank offices and financial centers. The company offers financial products and services, including traditional and online banking; commercial and small business banking; private banking; trust and investment services; healthcare banking; certain insurance services; and mortgage services. It also operates a loan production office in Nashville, Tennessee.

About Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.