Hancock Whitney Co. (NASDAQ:HWC) Director Sells $39,981.20 in Stock

Hancock Whitney Co. (NASDAQ:HWC) Director Christine L. Pickering sold 763 shares of Hancock Whitney stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $52.40, for a total value of $39,981.20. Following the completion of the transaction, the director now directly owns 23,518 shares in the company, valued at $1,232,343.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Hancock Whitney Trading Down 0.1 %

Hancock Whitney stock opened at $52.04 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.06. The business’s fifty day simple moving average is $51.42 and its two-hundred day simple moving average is $49.19. Hancock Whitney Co. has a 12 month low of $35.22 and a 12 month high of $57.78. The company has a market capitalization of $4.49 billion, a price-to-earnings ratio of 11.67 and a beta of 1.26.

Hancock Whitney (NASDAQ:HWC) last released 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. The business had revenue of $525.37 million for the quarter, compared to the consensus estimate of $363.54 million. Hancock Whitney had a return on equity of 11.47% and a net margin of 19.30%. During the same period in the previous year, the company posted $1.12 earnings per share. As a group, equities analysts predict that Hancock Whitney Co. will post 5.19 earnings per share for the current fiscal year.

Hancock Whitney Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Thursday, December 5th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend is Thursday, December 5th. Hancock Whitney’s payout ratio is currently 35.87%.

Analyst Ratings Changes

Several research firms have recently issued reports on HWC. Keefe, Bruyette & Woods boosted their target price on Hancock Whitney from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Wednesday, July 17th. Truist Financial reduced 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. Hovde Group upped their price target on Hancock Whitney from $55.00 to $62.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 17th. Piper Sandler upped their price target on Hancock Whitney from $52.00 to $62.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 17th. Finally, DA Davidson upped their price target on Hancock Whitney from $62.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $56.89.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Victory Capital Management Inc. lifted its holdings in Hancock Whitney by 707.2% in the second quarter. Victory Capital Management Inc. now owns 576,264 shares of the company’s stock valued at $27,563,000 after acquiring an additional 504,873 shares during the period. AQR Capital Management LLC boosted its position in Hancock Whitney by 213.7% in 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 boosted its position in Hancock Whitney by 30.9% in the second quarter. Hancock Whitney Corp now owns 1,069,223 shares of the company’s stock worth $51,141,000 after purchasing an additional 252,473 shares during the last quarter. American Century Companies Inc. boosted its position 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 worth $67,015,000 after purchasing an additional 237,526 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position 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 worth $238,197,000 after purchasing an additional 167,304 shares during the last quarter. 81.22% of the stock is owned by institutional investors.

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.