Oliver Luxxe Assets LLC Purchases 606 Shares of Hancock Whitney Co. (NASDAQ:HWC)

Oliver Luxxe Assets LLC lifted its holdings in Hancock Whitney Co. (NASDAQ:HWC) by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 36,137 shares of the company’s stock after purchasing an additional 606 shares during the period. Oliver Luxxe Assets LLC’s holdings in Hancock Whitney were worth $1,977,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in HWC. Dimensional Fund Advisors LP boosted its holdings in Hancock Whitney by 3.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,980,204 shares of the company’s stock valued at $238,197,000 after purchasing an additional 167,304 shares during the period. State Street Corp raised its position in shares of Hancock Whitney by 1.7% during the third quarter. State Street Corp now owns 4,297,776 shares of the company’s stock valued at $219,917,000 after buying an additional 73,316 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Hancock Whitney by 1.4% in the third quarter. Geode Capital Management LLC now owns 2,149,648 shares of the company’s stock valued at $110,016,000 after buying an additional 30,239 shares during the period. American Century Companies Inc. grew its position in Hancock Whitney by 20.4% during the second quarter. American Century Companies Inc. now owns 1,401,113 shares of the company’s stock worth $67,015,000 after buying an additional 237,526 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake 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 valued at $59,093,000 after acquiring an additional 46,622 shares during the period. Institutional investors and hedge funds own 81.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on HWC shares. Truist Financial reduced their price objective on Hancock Whitney from $57.00 to $56.00 and set a “hold” rating for the company in a research report on Friday, September 20th. Raymond James raised Hancock Whitney from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, December 19th. Stephens reissued an “overweight” rating and issued a $68.00 price target on shares of Hancock Whitney in a report on Thursday. Keefe, Bruyette & Woods raised their price objective 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. Finally, DA Davidson upped their target price on shares of Hancock Whitney from $62.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Hancock Whitney currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.63.

Insider Activity

In other news, CEO John M. Hairston sold 18,000 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $59.44, for a total transaction of $1,069,920.00. Following the completion of the sale, the chief executive officer now owns 254,026 shares in the company, valued at $15,099,305.44. The trade was a 6.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Carleton Richard Wilkins sold 800 shares of the company’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $50.95, for a total value of $40,760.00. Following the transaction, the director now directly owns 15,900 shares in the company, valued at $810,105. This trade represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,994 shares of company stock worth $1,593,710. 1.10% of the stock is owned by corporate insiders.

Hancock Whitney Price Performance

HWC stock traded up $0.41 during trading on Monday, hitting $55.68. 286,715 shares of the stock traded hands, compared to its average volume of 530,400. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.06. The stock 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 one year low of $41.19 and a one year high of $62.40. The company has a 50 day simple moving average of $56.89 and a 200 day simple moving average of $52.80.

Hancock Whitney (NASDAQ:HWC) last announced 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 return on equity of 11.47% and a net margin of 19.30%. The business had revenue of $525.37 million for the quarter, compared to the consensus estimate of $363.54 million. During the same period in the previous year, the business earned $1.12 EPS. Equities analysts expect that Hancock Whitney Co. will post 5.19 EPS for the current fiscal year.

Hancock Whitney Announces Dividend

The firm also recently announced 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. This represents a $1.60 annualized dividend and a dividend yield of 2.87%. The ex-dividend date was Thursday, December 5th. Hancock Whitney’s payout ratio is presently 35.87%.

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.