HWC Stock Summary and Trading Ideas (Hancock Whitney | NASDAQ:HWC)

Hancock Whitney Corp operates bank offices and financial centers. The company offers a range of traditional and online banking services to commercial, small business and retail customers, providing a variety of transaction and savings deposit products, treasury management services, secured and unsecured loan products (including revolving credit facilities), letters of credit and similar financial guarantees. The Bank provides trust and investment management services to retirement plans, corporations and individuals and provides its customers access to investment advisory and brokerage products.

Hancock Whitney trades on the NASDAQ stock market under the symbol HWC.

As of May 14, 2024, HWC stock price climbed to $48.36 with 368,937 million shares trading.

HWC has a beta of 1.52, meaning it tends to be more sensitive to market movements. HWC has a correlation of 0.28 to the broad based SPY ETF.

HWC has a market cap of $4.19 billion. This is considered a Mid Cap stock.

Last quarter Hancock Whitney reported $354 million in Revenue and $1.28 earnings per share. This fell short of revenue expectation by $-3 million and exceeded earnings estimates by $.10.

In the last 3 years, HWC stock traded as high as $59.82 and as low as $31.02.

The top ETF exchange traded funds that HWC belongs to (by Net Assets): IJH, VTI, IWM, VB, VBR.

HWC has outperformed the market in the last year with a price return of +52.5% while the SPY ETF gained +28.8%. HWC has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +15.3% and +3.9%, respectively, while the SPY returned +6.2% and +2.6%, respectively.

HWC support price is $46.51 and resistance is $48.33 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HWC stock will trade within this expected range on the day.