9,416 Shares in Hancock Whitney Co. (NASDAQ:HWC) Bought by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC bought a new stake in Hancock Whitney Co. (NASDAQ:HWC) during the second quarter, HoldingsChannel.com reports. The firm bought 9,416 shares of the company’s stock, valued at approximately $450,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HWC. Triad Wealth Partners LLC bought a new position in shares of Hancock Whitney in the 2nd quarter valued at $31,000. Mather Group LLC. acquired a new position in Hancock Whitney in the 2nd quarter worth about $37,000. CWM LLC raised its position in Hancock Whitney by 268.9% in the second quarter. CWM LLC now owns 985 shares of the company’s stock valued at $47,000 after purchasing an additional 718 shares during the last quarter. OLD Point Trust & Financial Services N A acquired a new stake in shares of Hancock Whitney during the fourth quarter valued at about $49,000. Finally, Quadrant Capital Group LLC grew its holdings in shares of Hancock Whitney by 35.2% during the fourth quarter. Quadrant Capital Group LLC now owns 1,260 shares of the company’s stock worth $61,000 after purchasing an additional 328 shares during the last quarter. Institutional investors own 81.22% of the company’s stock.

Insider Buying and Selling at Hancock Whitney

In other news, Director Frank E. Bertucci sold 2,053 shares of the stock in a transaction that occurred 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 completion of the sale, the director now directly owns 22,554 shares of the company’s stock, valued at $1,286,254.62. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.10% of the stock is currently owned by company insiders.

Hancock Whitney Trading Up 2.4 %

HWC opened at $49.80 on Friday. The company has a market cap of $4.31 billion, a P/E ratio of 11.61 and a beta of 1.26. The company has a fifty day moving average price of $51.23 and a two-hundred day moving average price of $47.34. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.06. Hancock Whitney Co. has a 1-year low of $32.16 and a 1-year high of $57.78.

Hancock Whitney (NASDAQ:HWC) last posted its quarterly earnings results on Tuesday, July 16th. The company reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.11. Hancock Whitney had a return on equity of 11.51% and a net margin of 18.63%. The business had revenue of $359.60 million for the quarter, compared to the consensus estimate of $359.11 million. During the same period in the prior year, the business earned $1.35 EPS. The firm’s revenue for the quarter was up .7% on a year-over-year basis. Analysts predict that Hancock Whitney Co. will post 5.17 EPS for the current fiscal year.

Hancock Whitney Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Thursday, September 5th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.21%. The ex-dividend date is Thursday, September 5th. Hancock Whitney’s payout ratio is currently 37.30%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HWC. Keefe, Bruyette & Woods upped their price target on shares of Hancock Whitney from $55.00 to $60.00 and gave the company an “outperform” rating in a research report on Wednesday, July 17th. Hovde Group increased their price objective on Hancock Whitney from $55.00 to $62.00 and gave the company an “outperform” rating in a report on Wednesday, July 17th. Piper Sandler lifted their target price on Hancock Whitney from $52.00 to $62.00 and gave the stock an “overweight” rating in a report on Wednesday, July 17th. DA Davidson upped their price target on Hancock Whitney from $57.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Finally, Jefferies Financial Group lowered their price objective on Hancock Whitney from $48.00 to $47.00 and set a “hold” rating for the company in a research report on Wednesday, July 3rd. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $56.78.

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.