Hancock Whitney Co. (NASDAQ:HWC) Shares Acquired by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP increased its position in shares of Hancock Whitney Co. (NASDAQ:HWC) by 23.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,452 shares of the company’s stock after purchasing an additional 1,794 shares during the period. Advantage Alpha Capital Partners LP’s holdings in Hancock Whitney were worth $484,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Versor Investments LP acquired a new stake in Hancock Whitney during the third quarter worth approximately $844,000. Quest Partners LLC raised its stake in Hancock Whitney by 66.7% during the 3rd quarter. Quest Partners LLC now owns 33,106 shares of the company’s stock worth $1,694,000 after acquiring an additional 13,243 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in Hancock Whitney in the third quarter valued at $2,605,000. Texas Permanent School Fund Corp boosted its stake in Hancock Whitney by 35.4% in the second quarter. Texas Permanent School Fund Corp now owns 102,103 shares of the company’s stock valued at $4,884,000 after acquiring an additional 26,705 shares in the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of Hancock Whitney by 22.1% during the first quarter. Cetera Investment Advisers now owns 59,636 shares of the company’s stock worth $2,746,000 after purchasing an additional 10,810 shares during the last quarter. Hedge funds and other institutional investors own 81.22% of the company’s stock.

Insider Transactions at Hancock Whitney

In other Hancock Whitney news, CFO Michael M. Achary sold 8,431 shares of the company’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $52.55, for a total transaction of $443,049.05. Following the transaction, the chief financial officer now directly owns 54,380 shares in the company, valued at approximately $2,857,669. This represents a 13.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Carleton Richard Wilkins sold 800 shares of Hancock Whitney stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $50.95, for a total transaction of $40,760.00. Following the sale, the director now owns 15,900 shares of the company’s stock, valued at approximately $810,105. The trade was a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 27,994 shares of company stock valued at $1,593,710. Corporate insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

HWC has been the subject of a number of research analyst reports. DA Davidson upped 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. Truist Financial decreased their price objective on Hancock Whitney from $57.00 to $56.00 and set a “hold” rating for the company in a report on Friday, September 20th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $56.89.

Hancock Whitney Price Performance

Hancock Whitney stock opened at $60.34 on Wednesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.82 and a quick ratio of 0.81. The business has a 50 day simple moving average of $53.81 and a 200-day simple moving average of $50.70. Hancock Whitney Co. has a 12 month low of $39.38 and a 12 month high of $62.40. The stock has a market capitalization of $5.19 billion, a PE ratio of 13.53 and a beta of 1.25.

Hancock Whitney (NASDAQ:HWC) last released its earnings results on Tuesday, October 15th. The company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.31 by $0.02. Hancock Whitney had a net margin of 19.30% and a return on equity of 11.47%. The company had revenue of $525.37 million during the quarter, compared to analysts’ expectations of $363.54 million. During the same quarter last year, the business earned $1.12 EPS. Equities analysts predict that Hancock Whitney Co. will post 5.19 earnings per share for the current year.

Hancock Whitney Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Thursday, December 5th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend is Thursday, December 5th. Hancock Whitney’s payout ratio is 35.87%.

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.