Shares of Hancock Whitney Corp (HWC) plunged 5.05% during Wednesday's intraday trading session, as investors reacted to the company's third-quarter results and an analyst's price target reduction.

The downward pressure on the stock began in pre-market trading, with shares initially falling 1.3% following the release of the company's Q3 financial results. As the regular trading session progressed, the selloff intensified, with the stock down 2.6% in early trading before accelerating to its current 5.05% decline.

Adding to the negative sentiment, Raymond James cut its price target for Hancock Whitney Corp to $72 from $73. This adjustment by a major financial services firm likely contributed to investors' concerns about the stock's near-term potential. The combination of disappointing quarterly results and the lowered price target appears to have prompted a significant selloff, leading to the stock's sharp decline during the trading day.