Hancock Whitney Co. (NASDAQ:HWC) Shares Purchased by Hunter Perkins Capital Management LLC

Hunter Perkins Capital Management LLC grew its position in Hancock Whitney Co. (NASDAQ:HWC) by 10.3% during the 3rd quarter, Holdings Channel reports. The fund owned 15,915 shares of the company’s stock after buying an additional 1,480 shares during the quarter. Hunter Perkins Capital Management LLC’s holdings in Hancock Whitney were worth $814,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Ratings Changes

A number of equities research analysts recently issued reports on HWC shares. Hovde Group upped their target price on Hancock Whitney from $55.00 to $62.00 and gave the company an “outperform” rating in a research note on Wednesday, July 17th. Keefe, Bruyette & Woods increased 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. DA Davidson lifted their price target on shares of Hancock Whitney from $57.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Jefferies Financial Group lowered their price target on Hancock Whitney from $48.00 to $47.00 and set a “hold” rating for the company in a research report on Wednesday, July 3rd. Finally, Piper Sandler raised their price target on shares of Hancock Whitney from $52.00 to $62.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $56.67.

Insider Buying and Selling

In related news, Director Frank E. Bertucci sold 2,053 shares of Hancock Whitney stock in a transaction on Monday, July 29th. The stock was sold at an average price of $57.03, for a total value of $117,082.59. Following the transaction, the director now directly owns 22,554 shares in the company, valued at $1,286,254.62. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.10% of the stock is currently owned by insiders.

Hancock Whitney Stock Performance

HWC stock traded up $0.23 during mid-day trading on Wednesday, reaching $54.00. The company had a trading volume of 400,334 shares, compared to its average volume of 499,628. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.06. Hancock Whitney Co. has a one year low of $32.16 and a one year high of $57.78. The stock’s 50-day simple moving average is $50.67 and its two-hundred day simple moving average is $48.49. The stock has a market capitalization of $4.68 billion, a P/E ratio of 12.48 and a beta of 1.26.

Hancock Whitney (NASDAQ:HWC) last released its quarterly earnings results on Tuesday, October 15th. The company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.02. The company had revenue of $525.37 million during the quarter, compared to analysts’ expectations of $363.54 million. Hancock Whitney had a return on equity of 11.51% and a net margin of 18.63%. During the same quarter in the prior year, the business posted $1.12 earnings per share. Research analysts anticipate that Hancock Whitney Co. will post 5.14 EPS for the current year.

Hancock Whitney Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Thursday, September 5th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.96%. The ex-dividend date was Thursday, September 5th. Hancock Whitney’s dividend payout ratio is presently 37.30%.

Hancock Whitney 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.