9,921 Shares in Hancock Whitney Co. (NASDAQ:HWC) Purchased by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. purchased a new position in Hancock Whitney Co. (NASDAQ:HWC) in the third quarter, Holdings Channel reports. The fund purchased 9,921 shares of the company’s stock, valued at approximately $508,000.

A number of other hedge funds have also bought and sold shares of HWC. Victory Capital Management Inc. grew its stake in Hancock Whitney by 707.2% in the second quarter. Victory Capital Management Inc. now owns 576,264 shares of the company’s stock worth $27,563,000 after purchasing an additional 504,873 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Hancock Whitney by 213.7% during the second quarter. AQR Capital Management LLC now owns 735,790 shares of the company’s stock valued at $34,663,000 after buying an additional 501,259 shares during the last quarter. Hancock Whitney Corp raised its holdings in Hancock Whitney by 30.9% during the second quarter. Hancock Whitney Corp now owns 1,069,223 shares of the company’s stock worth $51,141,000 after purchasing an additional 252,473 shares in the last quarter. American Century Companies Inc. raised its holdings in Hancock Whitney by 20.4% during the second quarter. American Century Companies Inc. now owns 1,401,113 shares of the company’s stock worth $67,015,000 after purchasing an additional 237,526 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Hancock Whitney by 3.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,980,204 shares of the company’s stock valued at $238,197,000 after acquiring an additional 167,304 shares in the last quarter. 81.22% of the stock is currently owned by institutional investors and hedge funds.

Hancock Whitney Stock Down 1.6 %

Shares of HWC stock opened at $58.45 on Friday. The company has a market capitalization of $5.03 billion, a price-to-earnings ratio of 13.11 and a beta of 1.25. Hancock Whitney Co. has a 12-month low of $39.38 and a 12-month high of $61.41. The firm has a fifty day moving average of $52.52 and a 200-day moving average of $50.13. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.06.

Hancock Whitney (NASDAQ:HWC) last released its earnings results on Tuesday, October 15th. The company reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.02. The business had revenue of $525.37 million during the quarter, compared to the consensus estimate of $363.54 million. Hancock Whitney had a net margin of 19.30% and a return on equity of 11.47%. During the same quarter last year, the firm earned $1.12 earnings per share. As a group, equities research analysts predict that Hancock Whitney Co. will post 5.2 earnings per share for the current fiscal year.

Hancock Whitney Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Thursday, December 5th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date is Thursday, December 5th. Hancock Whitney’s dividend payout ratio (DPR) is presently 35.87%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on HWC shares. DA Davidson lifted their price objective on shares of Hancock Whitney from $62.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Truist Financial cut their target price on shares of Hancock Whitney from $57.00 to $56.00 and set a “hold” rating for the company in a research report on Friday, September 20th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $56.89.

Insider Activity

In other news, Director Christine L. Pickering sold 763 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $52.40, for a total transaction of $39,981.20. Following the completion of the sale, the director now owns 23,518 shares in the company, valued at approximately $1,232,343.20. This trade represents a 3.14 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO John M. Hairston sold 18,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $59.44, for a total transaction of $1,069,920.00. Following the sale, the chief executive officer now owns 254,026 shares of the company’s stock, valued at approximately $15,099,305.44. This represents a 6.62 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,994 shares of company stock valued at $1,593,710 in the last quarter. Company insiders own 1.10% of the company’s stock.

Hancock Whitney 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.