Hancock Whitney Corp Purchases 1,057 Shares of Hancock Whitney Co. (NASDAQ:HWC)

Hancock Whitney Corp boosted its holdings in shares of Hancock Whitney Co. (NASDAQ:HWC) by 0.1% during the 3rd quarter, Holdings Channel.com reports. The fund owned 1,070,280 shares of the company’s stock after purchasing an additional 1,057 shares during the period. Hancock Whitney comprises approximately 1.8% of Hancock Whitney Corp’s investment portfolio, making the stock its 10th biggest position. Hancock Whitney Corp’s holdings in Hancock Whitney were worth $54,766,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of Hancock Whitney by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 9,226,780 shares of the company’s stock valued at $424,801,000 after purchasing an additional 34,152 shares in the last quarter. Interval Partners LP increased its position in Hancock Whitney by 25.4% during the first quarter. Interval Partners LP now owns 193,541 shares of the company’s stock worth $8,911,000 after buying an additional 39,180 shares during the last quarter. Virtus Investment Advisers Inc. bought a new position in Hancock Whitney during the first quarter valued at about $921,000. Cetera Investment Advisers lifted its position in shares of Hancock Whitney by 22.1% in the first quarter. Cetera Investment Advisers now owns 59,636 shares of the company’s stock worth $2,746,000 after buying an additional 10,810 shares during the last quarter. Finally, Boston Partners boosted its stake in shares of Hancock Whitney by 0.5% during the 1st quarter. Boston Partners now owns 624,417 shares of the company’s stock worth $28,811,000 after acquiring an additional 3,313 shares in the last quarter. 81.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on HWC shares. DA Davidson raised their price objective on Hancock Whitney from $62.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Truist Financial lowered their price target on Hancock Whitney from $57.00 to $56.00 and set a “hold” rating on the stock in a report on Friday, September 20th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $56.89.

Insider Buying and Selling at Hancock Whitney

In other news, Director Christine L. Pickering sold 763 shares of Hancock Whitney stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $52.40, for a total transaction of $39,981.20. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $40,760.00. Following the transaction, the director now directly owns 15,900 shares in the company, valued at $810,105. This represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,994 shares of company stock valued at $1,593,710. Corporate insiders own 1.10% of the company’s stock.

Hancock Whitney Stock Up 3.6 %

Shares of HWC stock opened at $59.97 on Monday. The firm has a market cap of $5.16 billion, a PE ratio of 13.45 and a beta of 1.25. Hancock Whitney Co. has a 12 month low of $39.38 and a 12 month high of $61.41. The stock has a 50 day moving average of $53.39 and a 200-day moving average of $50.52. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.06.

Hancock Whitney (NASDAQ:HWC) last issued its quarterly earnings data on Tuesday, October 15th. The company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.02. Hancock Whitney had a net margin of 19.30% and a return on equity of 11.47%. The firm had revenue of $525.37 million for the quarter, compared to analyst estimates of $363.54 million. During the same quarter in the prior year, the firm earned $1.12 EPS. On average, equities analysts predict that Hancock Whitney Co. will post 5.19 EPS for the current year.

Hancock Whitney Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Thursday, December 5th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $1.60 annualized dividend and a dividend yield of 2.67%. Hancock Whitney’s payout ratio is currently 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.