Second Line Capital LLC Invests $426,000 in Hancock Whitney Co. (NASDAQ:HWC)

Second Line Capital LLC purchased a new stake in shares of Hancock Whitney Co. (NASDAQ:HWC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,330 shares of the company’s stock, valued at approximately $426,000.

Other hedge funds also recently added to or reduced their stakes in the company. AlphaMark Advisors LLC boosted its holdings in Hancock Whitney by 5.7% in the second quarter. AlphaMark Advisors LLC now owns 6,622 shares of the company’s stock worth $317,000 after purchasing an additional 356 shares during the last quarter. Blue Trust Inc. lifted its holdings in 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 acquiring an additional 476 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in Hancock Whitney in the third quarter worth about $28,000. SG Americas Securities LLC increased its position in shares of Hancock Whitney by 5.5% during the 2nd quarter. SG Americas Securities LLC now owns 10,865 shares of the company’s stock valued at $520,000 after purchasing an additional 568 shares during the last quarter. Finally, Trust Point Inc. lifted its stake in shares of Hancock Whitney by 10.6% in the 3rd quarter. Trust Point Inc. now owns 6,005 shares of the company’s stock worth $307,000 after purchasing an additional 577 shares during the period. 81.22% of the stock is currently owned by hedge funds and other institutional investors.

Hancock Whitney Price Performance

Shares of NASDAQ:HWC opened at $58.15 on Wednesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.81 and a current ratio of 0.82. The firm has a market cap of $5.00 billion, a price-to-earnings ratio of 13.04 and a beta of 1.27. The firm has a fifty day moving average price of $55.46 and a 200 day moving average price of $51.52. Hancock Whitney Co. has a fifty-two week low of $41.19 and a fifty-two week high of $62.40.

Hancock Whitney (NASDAQ:HWC) last released its quarterly earnings data on Tuesday, October 15th. The company reported $1.33 EPS for the quarter, beating 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 business had revenue of $525.37 million during the quarter, compared to the consensus estimate of $363.54 million. During the same quarter in the prior year, the firm earned $1.12 EPS. As a group, sell-side analysts expect that Hancock Whitney Co. will post 5.19 earnings per share for the current fiscal year.

Hancock Whitney Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Thursday, December 5th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date is Thursday, December 5th. Hancock Whitney’s payout ratio is 35.87%.

Analyst Ratings Changes

HWC has been the subject of a number of research reports. Stephens raised shares of Hancock Whitney from an “equal weight” rating to an “overweight” rating in a report on Monday. DA Davidson boosted their price target on Hancock Whitney from $62.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Truist Financial lowered their price objective 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. Finally, Keefe, Bruyette & Woods increased their target price on shares of Hancock Whitney from $60.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.00.

Insider Transactions at Hancock Whitney

In other news, Director Carleton Richard Wilkins sold 800 shares of the firm’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $50.95, for a total value of $40,760.00. Following the completion of the sale, the director now directly owns 15,900 shares of the company’s stock, valued at $810,105. This trade represents a 4.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Christine L. Pickering sold 763 shares of Hancock Whitney stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $52.40, for a total value of $39,981.20. Following the completion of the transaction, the director now owns 23,518 shares of the company’s stock, valued at approximately $1,232,343.20. This trade represents a 3.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,994 shares of company stock valued at $1,593,710 in the last ninety days. Corporate insiders own 1.10% of the company’s stock.

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.