John M. Hairston Sells 18,000 Shares of Hancock Whitney Co. (NASDAQ:HWC) Stock

Hancock Whitney Co. (NASDAQ:HWC) CEO John M. Hairston sold 18,000 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now owns 254,026 shares of the company’s stock, valued at approximately $15,099,305.44. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Hancock Whitney Stock Up 0.2 %

HWC traded up $0.14 during trading on Friday, hitting $58.64. The stock had a trading volume of 394,589 shares, compared to its average volume of 508,185. Hancock Whitney Co. has a twelve month low of $36.70 and a twelve month high of $61.01. The stock has a 50 day simple moving average of $51.67 and a two-hundred day simple moving average of $49.55. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market capitalization of $5.06 billion, a PE ratio of 13.25 and a beta of 1.25.

Hancock Whitney (NASDAQ:HWC) last posted its quarterly earnings data 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 net margin of 19.30% and a return on equity of 11.47%. The business had revenue of $525.37 million during the quarter, compared to the consensus estimate of $363.54 million. During the same period in the previous year, the firm posted $1.12 earnings per share. On average, research analysts predict that Hancock Whitney Co. will post 5.19 earnings per share for the current year.

Hancock Whitney Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Thursday, December 5th will be issued 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 2.73%. Hancock Whitney’s dividend payout ratio (DPR) is presently 35.87%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in HWC. Victory Capital Management Inc. raised its holdings in shares of Hancock Whitney by 707.2% during the second quarter. Victory Capital Management Inc. now owns 576,264 shares of the company’s stock worth $27,563,000 after purchasing an additional 504,873 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Hancock Whitney by 213.7% during the second quarter. AQR Capital Management LLC now owns 735,790 shares of the company’s stock worth $34,663,000 after purchasing an additional 501,259 shares during the last quarter. Hancock Whitney Corp increased its holdings in Hancock Whitney by 30.9% in the second quarter. Hancock Whitney Corp now owns 1,069,223 shares of the company’s stock valued at $51,141,000 after buying an additional 252,473 shares in the last quarter. American Century Companies Inc. increased its holdings in Hancock Whitney by 20.4% in the second quarter. American Century Companies Inc. now owns 1,401,113 shares of the company’s stock valued at $67,015,000 after buying an additional 237,526 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Hancock Whitney by 3.5% in the second quarter. Dimensional Fund Advisors LP now owns 4,980,204 shares of the company’s stock valued at $238,197,000 after buying an additional 167,304 shares in the last quarter. Hedge funds and other institutional investors own 81.22% of the company’s stock.

Wall Street Analysts Forecast Growth

HWC has been the topic of a number of recent analyst reports. DA Davidson increased their target price on Hancock Whitney from $62.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Truist Financial cut their price target on Hancock Whitney from $57.00 to $56.00 and set a “hold” rating on the stock in a research note on Friday, September 20th. Piper Sandler raised their price target on Hancock Whitney from $52.00 to $62.00 and gave the company an “overweight” rating in a research note on Wednesday, July 17th. Hovde Group raised their price target on Hancock Whitney from $55.00 to $62.00 and gave the company an “outperform” rating in a research note on Wednesday, July 17th. Finally, Keefe, Bruyette & Woods raised their price target on Hancock Whitney from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Wednesday, July 17th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $56.89.

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.