Insider Selling: Hancock Whitney Corp (NYSE:HWC) Insider Sells $85,054.32 in Stock

Hancock Whitney Corp (NYSE:HWC) insider Cecil W. Knight, Jr. sold 2,028 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $41.94, for a total value of $85,054.32. Following the completion of the transaction, the insider now owns 26,176 shares of the company’s stock, valued at $1,097,821.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of NYSE HWC opened at $40.86 on Friday. Hancock Whitney Corp has a 12 month low of $32.59 and a 12 month high of $44.74. The stock has a 50 day moving average of $38.98 and a 200-day moving average of $39.04.

Hancock Whitney (NYSE:HWC) last issued its earnings results on Tuesday, October 15th. The company reported $1.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.02. The business had revenue of $306.17 million for the quarter, compared to the consensus estimate of $307.96 million. During the same quarter in the prior year, the firm posted $1.01 earnings per share.

Hedge funds and other institutional investors have recently modified their holdings of the company. Parallel Advisors LLC boosted its stake in shares of Hancock Whitney by 53.3% during the 3rd quarter. Parallel Advisors LLC now owns 762 shares of the company’s stock worth $29,000 after acquiring an additional 265 shares during the period. Quantamental Technologies LLC boosted its stake in shares of Hancock Whitney by 44.8% during the 2nd quarter. Quantamental Technologies LLC now owns 928 shares of the company’s stock worth $37,000 after acquiring an additional 287 shares during the period. Meeder Asset Management Inc. bought a new position in shares of Hancock Whitney during the 2nd quarter worth approximately $45,000. Tower Research Capital LLC TRC boosted its stake in shares of Hancock Whitney by 51.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,976 shares of the company’s stock worth $120,000 after acquiring an additional 1,006 shares during the period. Finally, Cerebellum GP LLC bought a new position in shares of Hancock Whitney during the 3rd quarter worth approximately $125,000.

HWC has been the subject of a number of analyst reports. SunTrust Banks set a $42.00 price target on Hancock Whitney and gave the company a “hold” rating in a research note on Friday, September 13th. Stephens set a $41.00 price target on Hancock Whitney and gave the company a “hold” rating in a research note on Monday, October 21st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Hancock Whitney has an average rating of “Hold” and an average price target of $45.40.

About Hancock Whitney

Hancock Whitney Corp. is a bank holding company, which engages in the provision of financial services. It also offers trust and investment management services to retirement plans, corporations, and individuals; and brokerage services, annuity products, and life insurance, general insurance agency services, including life and title insurance, consumer financing service.

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