Hancock Whitney Co. (NASDAQ:HWC) Shares Purchased by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC raised its position in Hancock Whitney Co. (NASDAQ:HWC) by 1.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,137 shares of the company’s stock after purchasing an additional 606 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in Hancock Whitney were worth $1,977,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Harvest Fund Management Co. Ltd acquired a new stake in Hancock Whitney in the 3rd quarter valued at approximately $28,000. Headlands Technologies LLC bought a new stake in shares of Hancock Whitney during the second quarter valued at about $43,000. Meeder Asset Management Inc. bought a new stake in shares of Hancock Whitney during the second quarter valued at about $63,000. nVerses Capital LLC acquired a new stake in Hancock Whitney in the third quarter worth about $72,000. Finally, Acadian Asset Management LLC acquired a new position in Hancock Whitney during the 2nd quarter valued at about $117,000. Institutional investors own 81.22% of the company’s stock.

Hancock Whitney Stock Up 0.7 %

NASDAQ:HWC traded up $0.41 during trading hours on Monday, hitting $55.68. 286,715 shares of the stock traded hands, compared to its average volume of 530,400. The firm has a 50 day moving average price of $56.89 and a 200 day moving average price of $52.80. The firm has a market cap of $4.79 billion, a price-to-earnings ratio of 12.48 and a beta of 1.27. Hancock Whitney Co. has a fifty-two week low of $41.19 and a fifty-two week high of $62.40. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.06.

Hancock Whitney (NASDAQ:HWC) last issued 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. Hancock Whitney had a return on equity of 11.47% and a net margin of 19.30%. The company had revenue of $525.37 million for the quarter, compared to the consensus estimate of $363.54 million. During the same quarter in the prior year, the company earned $1.12 EPS. Equities research analysts anticipate that Hancock Whitney Co. will post 5.19 earnings per share for the current year.

Hancock Whitney Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Thursday, December 5th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $1.60 annualized dividend and a dividend yield of 2.87%. Hancock Whitney’s dividend payout ratio is 35.87%.

Insider Activity at Hancock Whitney

In related news, CFO Michael M. Achary sold 8,431 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 54,380 shares of the company’s stock, valued at approximately $2,857,669. This trade represents a 13.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Carleton Richard Wilkins sold 800 shares of the company’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 sale, the director now directly owns 15,900 shares of the company’s stock, valued at $810,105. The trade was a 4.79 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,994 shares of company stock valued at $1,593,710. 1.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Hancock Whitney from $60.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. Stephens reaffirmed an “overweight” rating and set a $68.00 target price on shares of Hancock Whitney in a research note on Thursday. DA Davidson boosted their price target on shares of Hancock Whitney from $62.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Raymond James upgraded shares of Hancock Whitney from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, December 19th. Finally, Truist Financial dropped their target price on shares of Hancock Whitney from $57.00 to $56.00 and set a “hold” rating on the stock in a report on Friday, September 20th. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Hancock Whitney has an average rating of “Moderate Buy” and an average target price of $60.63.

About Hancock Whitney

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.