Hancock Whitney Co. (NASDAQ:HWC) CFO Sells $443,049.05 in Stock

Hancock Whitney Co. (NASDAQ:HWC) CFO Michael M. Achary sold 8,431 shares of the stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $52.55, for a total value of $443,049.05. Following the sale, the chief financial officer now directly owns 54,380 shares in the company, valued at $2,857,669. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Hancock Whitney Stock Up 1.3 %

Shares of NASDAQ:HWC traded up $0.68 during trading on Tuesday, hitting $51.64. The company’s stock had a trading volume of 252,156 shares, compared to its average volume of 502,395. The business has a 50 day moving average price of $51.02 and a two-hundred day moving average price of $48.72. The company has a market capitalization of $4.47 billion, a PE ratio of 11.88 and a beta of 1.26. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.81 and a current ratio of 0.81. Hancock Whitney Co. has a fifty-two week low of $32.16 and a fifty-two week high of $57.78.

Hancock Whitney (NASDAQ:HWC) last announced its earnings results on Tuesday, October 15th. The company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.02. Hancock Whitney had a net margin of 18.63% and a return on equity of 11.51%. The business had revenue of $525.37 million during the quarter, compared to analysts’ expectations of $363.54 million. During the same period in the prior year, the company earned $1.12 earnings per share. As a group, research analysts expect that Hancock Whitney Co. will post 5.14 EPS for the current fiscal year.

Hancock Whitney Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Thursday, September 5th were issued a $0.40 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.10%. Hancock Whitney’s payout ratio is 37.30%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on HWC shares. Piper Sandler raised their target price on Hancock Whitney from $52.00 to $62.00 and gave the company an “overweight” rating in a research report on Wednesday, July 17th. Hovde Group raised their target price on Hancock Whitney from $55.00 to $62.00 and gave the company an “outperform” rating in a research report on Wednesday, July 17th. Truist Financial dropped their target price on Hancock Whitney from $57.00 to $56.00 and set a “hold” rating on the stock in a research report on Friday, September 20th. DA Davidson raised their target price on Hancock Whitney from $62.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Finally, Keefe, Bruyette & Woods raised their target price on Hancock Whitney from $55.00 to $60.00 and gave the company an “outperform” rating in a research report on Wednesday, July 17th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $56.89.

Institutional Investors Weigh In On Hancock Whitney

Institutional investors and hedge funds have recently made changes to their positions in the business. DMC Group LLC increased its stake in shares of Hancock Whitney by 53.9% during the third quarter. DMC Group LLC now owns 8,505 shares of the company’s stock worth $435,000 after acquiring an additional 2,980 shares during the period. Raymond James & Associates grew its position in shares of Hancock Whitney by 4.9% in the third quarter. Raymond James & Associates now owns 152,938 shares of the company’s stock valued at $7,826,000 after purchasing an additional 7,126 shares during the last quarter. Blue Trust Inc. grew its position in shares of Hancock Whitney by 19.1% in the third quarter. Blue Trust Inc. now owns 2,971 shares of the company’s stock valued at $142,000 after purchasing an additional 476 shares during the last quarter. Trust Point Inc. grew its position in shares of Hancock Whitney by 10.6% in the third quarter. Trust Point Inc. now owns 6,005 shares of the company’s stock valued at $307,000 after purchasing an additional 577 shares during the last quarter. Finally, nVerses Capital LLC acquired a new stake in shares of Hancock Whitney in the third quarter valued at approximately $72,000. 81.22% of the stock is owned by hedge funds and other institutional investors.

Hancock Whitney Company Profile

Hancock Whitney Corporation operates as the financial holding company for Hancock Whitney Bank that provides traditional and online banking services to commercial, small business, and retail customers. It offers various transaction and savings deposit products consisting of brokered deposits, time deposits, and money market accounts; treasury management services, secured and unsecured loan products including revolving credit facilities, and letters of credit and similar financial guarantees; and trust and investment management services to retirement plans, corporations, and individuals, and investment advisory and brokerage products.