This afternoon we watched Hancock Whitney rise 7.5% to a price of $35.52 per share. The mid-cap Banking company is now trading -20.39% below its average target price of $44.61. Analysts have set target prices ranging from $41.0 to $52.0 per share for Hancock Whitney, and have given the stock an average rating of buy.
The stock has an average amount of shares sold short at 3.7%, and a short ratio of 3.68. Only 0.87% of the company's shares are owned by insiders, indicating that management does not have a deep alignment of interest with its shareholders. Finally, we also note that a significant number of institutional investors are invested in the stock, with 84.1% of Hancock Whitney's shares being owned by this investor type.
Institutions Invested in Hancock Whitney
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-03-31 | Blackrock Inc. | 14% | 12,065,310 | $428,499,477 |
| 2023-03-31 | Vanguard Group, Inc. (The) | 11% | 9,321,616 | $331,057,186 |
| 2023-03-31 | Dimensional Fund Advisors LP | 5% | 4,451,193 | $158,084,116 |
| 2023-03-31 | Macquarie Group Limited | 5% | 4,228,221 | $150,165,266 |
| 2023-03-31 | State Street Corporation | 5% | 4,110,012 | $145,967,073 |
| 2023-03-31 | Fuller & Thaler Asset Management Inc. | 2% | 1,921,920 | $68,256,987 |
| 2023-03-31 | Allspring Global Investments Holdings, LLC | 2% | 1,762,565 | $62,597,494 |
| 2023-03-31 | Geode Capital Management, LLC | 2% | 1,734,094 | $61,586,347 |
| 2023-03-31 | Goldman Sachs Group Inc | 2% | 1,512,292 | $53,709,049 |
| 2023-03-31 | Northern Trust Corporation | 2% | 1,366,134 | $48,518,248 |
Besides an analyst consensus of strong upside potential, other market factors point to there being mixed market sentiment on Hancock Whitney.
