Thrivent Financial for Lutherans Purchases 38,398 Shares of Hancock Whitney Co. (NASDAQ:HWC)

Thrivent Financial for Lutherans lifted its holdings in Hancock Whitney Co. (NASDAQ:HWC) by 105.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 74,736 shares of the company’s stock after buying an additional 38,398 shares during the period. Thrivent Financial for Lutherans’ holdings in Hancock Whitney were worth $3,824,000 at the end of the most recent quarter.

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

Hancock Whitney Stock Up 3.6 %

HWC stock opened at $59.97 on Monday. The firm has a market capitalization of $5.16 billion, a PE ratio of 13.45 and a beta of 1.25. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.06. Hancock Whitney Co. has a twelve month low of $39.38 and a twelve month high of $61.41. The stock’s 50 day moving average is $53.39 and its 200-day moving average is $50.52.

Hancock Whitney (NASDAQ:HWC) last issued its quarterly earnings data on Tuesday, October 15th. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.02. Hancock Whitney had a return on equity of 11.47% and a net margin of 19.30%. The business had revenue of $525.37 million for the quarter, compared to analysts’ expectations of $363.54 million. During the same period last year, the business earned $1.12 EPS. Sell-side analysts expect that Hancock Whitney Co. will post 5.19 EPS for the current fiscal year.

Hancock Whitney Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Thursday, December 5th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date is Thursday, December 5th. Hancock Whitney’s payout ratio is 35.87%.

Insider Buying and Selling at Hancock Whitney

In other Hancock Whitney news, CEO John M. Hairston sold 18,000 shares of the company’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 transaction, the chief executive officer now owns 254,026 shares in the company, valued at $15,099,305.44. This represents a 6.62 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Carleton Richard Wilkins sold 800 shares of Hancock Whitney stock in a transaction on Monday, October 21st. The stock was sold at an average price of $50.95, for a total value of $40,760.00. Following the sale, the director now owns 15,900 shares in the company, valued at $810,105. The trade was a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,994 shares of company stock worth $1,593,710. Insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

HWC has been the topic of a number of research analyst reports. Truist Financial cut 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 raised their price objective on Hancock Whitney from $62.00 to $65.00 and gave the company 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 given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.89.

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.