Hancock Whitney Corp Increases Stake in Hancock Whitney Co. (NASDAQ:HWC)

Hancock Whitney Corp raised its holdings in shares of Hancock Whitney Co. (NASDAQ:HWC) by 0.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,070,280 shares of the company’s stock after purchasing an additional 1,057 shares during the period. Hancock Whitney comprises about 1.8% of Hancock Whitney Corp’s portfolio, making the stock its 10th largest holding. Hancock Whitney Corp owned approximately 1.24% of Hancock Whitney worth $54,766,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Harvest Fund Management Co. Ltd acquired a new position in Hancock Whitney during the 3rd quarter valued at about $28,000. Cerity Partners LLC lifted its holdings in shares of Hancock Whitney by 213.3% in the third quarter. Cerity Partners LLC now owns 17,963 shares of the company’s stock valued at $919,000 after buying an additional 12,229 shares during the period. Citigroup Inc. boosted its stake in Hancock Whitney by 15.7% during the third quarter. Citigroup Inc. now owns 149,118 shares of the company’s stock valued at $7,630,000 after buying an additional 20,213 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Hancock Whitney by 4.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,154,835 shares of the company’s stock worth $59,093,000 after acquiring an additional 46,622 shares during the period. Finally, Segall Bryant & Hamill LLC raised its position in Hancock Whitney by 8.8% in the third quarter. Segall Bryant & Hamill LLC now owns 692,387 shares of the company’s stock worth $35,429,000 after acquiring an additional 55,869 shares in the last quarter. 81.22% of the stock is owned by institutional investors and hedge funds.

Hancock Whitney Trading Up 3.6 %

Hancock Whitney stock opened at $59.97 on Monday. The company has a 50 day moving average price of $53.39 and a 200 day moving average price of $50.52. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.81 and a current ratio of 0.82. Hancock Whitney Co. has a 52 week low of $39.38 and a 52 week high of $61.41. The firm has a market capitalization of $5.16 billion, a price-to-earnings ratio of 13.45 and a beta of 1.25.

Hancock Whitney (NASDAQ:HWC) last issued its quarterly 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 for the quarter, compared to the consensus estimate of $363.54 million. Hancock Whitney had a return on equity of 11.47% and a net margin of 19.30%. During the same quarter in the previous year, the company posted $1.12 earnings per share. Research analysts forecast that Hancock Whitney Co. will post 5.19 EPS for the current year.

Hancock Whitney Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Thursday, December 5th will be issued a $0.40 dividend. The ex-dividend date is Thursday, December 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.67%. Hancock Whitney’s dividend payout ratio is 35.87%.

Insider Transactions at Hancock Whitney

In other news, CEO John M. Hairston sold 18,000 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $59.44, for a total transaction of $1,069,920.00. Following the transaction, the chief executive officer now directly owns 254,026 shares in the company, valued at $15,099,305.44. The trade was a 6.62 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Michael M. Achary sold 8,431 shares of the stock in a transaction on 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 owns 54,380 shares of the company’s stock, valued at approximately $2,857,669. This represents a 13.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,994 shares of company stock valued at $1,593,710 over the last three months. 1.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have 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 stock a “buy” rating in a research note on Wednesday, October 16th. Truist Financial decreased their price target on shares of Hancock Whitney from $57.00 to $56.00 and set a “hold” rating on the stock in a research report on Friday, September 20th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $56.89.

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.