State of Alaska Department of Revenue Purchases 680 Shares of Hancock Whitney Co. (NASDAQ:HWC)

State of Alaska Department of Revenue increased its position in shares of Hancock Whitney Co. (NASDAQ:HWC) by 7.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,985 shares of the company’s stock after buying an additional 680 shares during the quarter. State of Alaska Department of Revenue’s holdings in Hancock Whitney were worth $510,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Victory Capital Management Inc. raised its holdings in shares of Hancock Whitney by 707.2% in the 2nd quarter. Victory Capital Management Inc. now owns 576,264 shares of the company’s stock worth $27,563,000 after acquiring an additional 504,873 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of 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 lifted its holdings in shares of 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 purchasing an additional 252,473 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Hancock Whitney by 20.4% during 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 during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Hancock Whitney by 3.5% during the second quarter. Dimensional Fund Advisors LP now owns 4,980,204 shares of the company’s stock worth $238,197,000 after buying an additional 167,304 shares in the last quarter. Institutional investors own 81.22% of the company’s stock.

Hancock Whitney Trading Up 0.2 %

Shares of Hancock Whitney stock opened at $58.63 on Friday. The stock has a market capitalization of $5.06 billion, a P/E ratio of 13.15 and a beta of 1.25. Hancock Whitney Co. has a 52-week low of $36.70 and a 52-week high of $61.01. 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 stock’s 50-day simple moving average is $51.67 and its 200 day simple moving average is $49.55.

Hancock Whitney (NASDAQ:HWC) last posted its quarterly earnings results on Tuesday, October 15th. The company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.02. The company had revenue of $525.37 million for the quarter, compared to analyst estimates of $363.54 million. Hancock Whitney had a net margin of 19.30% and a return on equity of 11.47%. During the same quarter in the previous year, the firm posted $1.12 earnings per share. As a group, research analysts anticipate that Hancock Whitney Co. will post 5.19 EPS for the current year.

Hancock Whitney Announces Dividend

The business 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 $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend is Thursday, December 5th. Hancock Whitney’s payout ratio is currently 35.87%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of Hancock Whitney from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Wednesday, July 17th. DA Davidson boosted their price target on shares of Hancock Whitney from $62.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Truist Financial decreased their price objective on shares of Hancock Whitney from $57.00 to $56.00 and set a “hold” rating for the company in a research note on Friday, September 20th. Piper Sandler boosted their target price 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, Hovde Group upped their target price on Hancock Whitney from $55.00 to $62.00 and gave the company an “outperform” rating in a report on Wednesday, July 17th. Four 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, Hancock Whitney has a consensus rating of “Moderate Buy” and a consensus price target of $56.89.

Insider Activity

In related news, CFO Michael M. Achary sold 8,431 shares of the stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $52.55, for a total transaction of $443,049.05. Following the sale, the chief financial officer now owns 54,380 shares of the company’s stock, valued at approximately $2,857,669. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Christine L. Pickering sold 763 shares of the business’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $52.40, for a total transaction 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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Michael M. Achary sold 8,431 shares of the firm’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $52.55, for a total value of $443,049.05. Following the completion of the sale, the chief financial officer now directly owns 54,380 shares in the company, valued at approximately $2,857,669. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,994 shares of company stock worth $1,593,710. 1.10% of the stock is owned by corporate insiders.

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.