Hancock Whitney (NASDAQ:HWC) Hits New 12-Month High – What’s Next?

Shares of Hancock Whitney Co. (NASDAQ:HWC) reached a new 52-week high during trading on Tuesday . The stock traded as high as $61.13 and last traded at $60.62, with a volume of 69474 shares traded. The stock had previously closed at $60.25.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Piper Sandler lifted their price objective on shares of Hancock Whitney from $52.00 to $62.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 17th. 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. Hovde Group lifted their price objective on shares of Hancock Whitney from $55.00 to $62.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 17th. Keefe, Bruyette & Woods lifted their price objective on Hancock Whitney from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Wednesday, July 17th. Finally, DA Davidson increased their price objective on shares of Hancock Whitney from $62.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $56.89.

Hancock Whitney Stock Down 0.2 %

The firm has a market capitalization of $5.19 billion, a PE ratio of 13.51 and a beta of 1.25. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.06. The business’s 50-day moving average price is $51.90 and its 200-day moving average price is $49.79.

Hancock Whitney (NASDAQ:HWC) last announced its quarterly earnings data on Tuesday, October 15th. The company reported $1.33 EPS 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 analyst estimates 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 in the prior year, the business earned $1.12 earnings per share. As a group, equities research analysts predict that Hancock Whitney Co. will post 5.2 EPS 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. Investors of record on Thursday, December 5th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.66%. The ex-dividend date is Thursday, December 5th. Hancock Whitney’s payout ratio is 35.87%.

Insider Activity at Hancock Whitney

In other Hancock Whitney news, CEO John M. Hairston sold 18,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $59.44, for a total value of $1,069,920.00. Following the completion of the transaction, the chief executive officer now directly owns 254,026 shares in the company, valued at $15,099,305.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Hancock Whitney news, Director Carleton Richard Wilkins sold 800 shares of the firm’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $50.95, for a total transaction of $40,760.00. Following the transaction, the director now owns 15,900 shares in the company, valued at $810,105. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John M. Hairston sold 18,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 254,026 shares of the company’s stock, valued at $15,099,305.44. The trade was a 0.00 % 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 worth $1,593,710. 1.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Hancock Whitney

A number of institutional investors have recently made changes to their positions in HWC. Triad Wealth Partners LLC purchased a new position in Hancock Whitney during the 2nd quarter worth $31,000. Mather Group LLC. bought a new stake in shares of Hancock Whitney in the 2nd quarter worth approximately $37,000. Headlands Technologies LLC bought a new stake in shares of Hancock Whitney in the 2nd quarter valued at about $43,000. CWM LLC raised its stake in shares of Hancock Whitney by 268.9% during the second quarter. CWM LLC now owns 985 shares of the company’s stock valued at $47,000 after acquiring an additional 718 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in Hancock Whitney in the second quarter valued at $63,000. Institutional investors own 81.22% 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.