Sanctuary Advisors LLC Purchases New Position in Hancock Whitney Co. (NASDAQ:HWC)

Sanctuary Advisors LLC acquired a new position in shares of Hancock Whitney Co. (NASDAQ:HWC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 17,390 shares of the company’s stock, valued at approximately $813,000.

Other institutional investors have also modified their holdings of the company. Creative Planning boosted its position in shares of Hancock Whitney by 31.2% in the 2nd quarter. Creative Planning now owns 16,241 shares of the company’s stock valued at $777,000 after purchasing an additional 3,865 shares during the period. Algert Global LLC grew its position in shares of Hancock Whitney by 47.8% during the second quarter. Algert Global LLC now owns 137,020 shares of the company’s stock worth $6,554,000 after acquiring an additional 44,344 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Hancock Whitney by 20.9% in the 2nd quarter. Millennium Management LLC now owns 780,882 shares of the company’s stock valued at $37,350,000 after acquiring an additional 135,076 shares during the period. AQR Capital Management LLC raised its position in Hancock Whitney by 213.7% in the 2nd quarter. AQR Capital Management LLC now owns 735,790 shares of the company’s stock valued at $34,663,000 after purchasing an additional 501,259 shares during the last quarter. Finally, Interval Partners LP grew its position in Hancock Whitney by 54.3% during the 2nd quarter. Interval Partners LP now owns 298,716 shares of the company’s stock worth $14,288,000 after purchasing an additional 105,175 shares during the last quarter. Hedge funds and other institutional investors own 81.22% of the company’s stock.

Insider Activity

In other news, Director Frank E. Bertucci sold 2,053 shares of the company’s 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 sale, the director now directly owns 22,554 shares in the company, valued at $1,286,254.62. 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 the SEC website. Company insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Piper Sandler raised their price target on Hancock Whitney from $52.00 to $62.00 and gave the stock an “overweight” rating in a report on Wednesday, July 17th. Jefferies Financial Group dropped their target price on Hancock Whitney from $48.00 to $47.00 and set a “hold” rating on the stock in a report on Wednesday, July 3rd. Truist Financial lowered 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 report on Friday, September 20th. DA Davidson upped their price objective on shares of Hancock Whitney from $57.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Finally, Hovde Group lifted their target price on shares of Hancock Whitney from $55.00 to $62.00 and gave the company an “outperform” rating in a report on Wednesday, July 17th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $56.67.

Hancock Whitney Trading Up 2.9 %

Shares of HWC opened at $52.50 on Friday. The firm’s 50-day moving average is $50.45 and its two-hundred day moving average is $48.37. Hancock Whitney Co. has a twelve month low of $32.16 and a twelve month high of $57.78. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $4.53 billion, a P/E ratio of 12.35 and a beta of 1.26.

Hancock Whitney (NASDAQ:HWC) last released its quarterly earnings data on Tuesday, July 16th. The company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.11. The firm had revenue of $359.60 million during the quarter, compared to the consensus estimate of $359.11 million. Hancock Whitney had a return on equity of 11.51% and a net margin of 18.63%. Hancock Whitney’s quarterly revenue was up .7% on a year-over-year basis. During the same period last year, the business posted $1.35 EPS. On average, research analysts predict that Hancock Whitney Co. will post 5.14 earnings per share for the current fiscal year.

Hancock Whitney Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Thursday, September 5th were paid a $0.40 dividend. The ex-dividend date was Thursday, September 5th. This represents a $1.60 dividend on an annualized basis and a yield of 3.05%. Hancock Whitney’s payout ratio is 37.65%.

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.