8,330 Shares in Hancock Whitney Co. (NASDAQ:HWC) Purchased by Second Line Capital LLC

Second Line Capital LLC bought a new stake in shares of Hancock Whitney Co. (NASDAQ:HWC) in the 3rd quarter, Holdings Channel reports. The firm bought 8,330 shares of the company’s stock, valued at approximately $426,000.

A number of other hedge funds have also recently modified their holdings of the business. Harvest Fund Management Co. Ltd bought a new stake in Hancock Whitney during the 3rd quarter valued at about $28,000. Triad Wealth Partners LLC bought a new stake in shares of Hancock Whitney during the second quarter valued at approximately $31,000. Headlands Technologies LLC purchased a new stake in shares of Hancock Whitney in the second quarter valued at approximately $43,000. CWM LLC grew its stake in Hancock Whitney by 268.9% in the second quarter. CWM LLC now owns 985 shares of the company’s stock worth $47,000 after purchasing an additional 718 shares in the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in Hancock Whitney during the 2nd quarter worth $63,000. Institutional investors own 81.22% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. DA Davidson raised their price target on Hancock Whitney from $62.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Stephens upgraded shares of Hancock Whitney from an “equal weight” rating to an “overweight” rating in a report on Monday. Truist Financial dropped their price objective on shares of Hancock Whitney from $57.00 to $56.00 and set a “hold” rating on the stock in a research note on Friday, September 20th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Hancock Whitney from $60.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.00.

Hancock Whitney Price Performance

Shares of NASDAQ HWC opened at $58.15 on Wednesday. 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 debt-to-equity ratio of 0.06, a quick ratio of 0.81 and a current ratio of 0.82. The company has a market cap of $5.00 billion, a PE ratio of 13.04 and a beta of 1.27. The business has a 50-day simple moving average of $55.46 and a two-hundred day simple moving average of $51.52.

Hancock Whitney (NASDAQ:HWC) last released its earnings results on Tuesday, October 15th. The company reported $1.33 earnings per share for the quarter, topping 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 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 previous year, the firm earned $1.12 EPS. As a group, equities analysts expect that Hancock Whitney Co. will post 5.19 EPS for the current fiscal year.

Hancock Whitney Dividend Announcement

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

Insider Buying and Selling

In related news, CEO John M. Hairston sold 18,000 shares of the firm’s stock in a transaction 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. This trade represents a 6.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 transaction of $40,760.00. Following the completion of the sale, the director now directly owns 15,900 shares in the company, valued at approximately $810,105. The trade was a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,994 shares of company stock worth $1,593,710 in the last 90 days. Insiders own 1.10% of the company’s stock.

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.