Insider Selling: Hancock Whitney Co. (NASDAQ:HWC) Director Sells $40,760.00 in Stock

Hancock Whitney Co. (NASDAQ:HWC) Director Carleton Richard Wilkins sold 800 shares of Hancock Whitney stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $50.95, for a total transaction of $40,760.00. Following the completion of the transaction, the director now owns 15,900 shares of the company’s stock, valued at $810,105. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Hancock Whitney Stock Up 0.9 %

HWC stock opened at $51.78 on Friday. The company has a market cap of $4.49 billion, a price-to-earnings ratio of 12.07 and a beta of 1.26. The company has a fifty day moving average price of $51.15 and a 200 day moving average price of $48.80. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.81 and a quick ratio of 0.81. Hancock Whitney Co. has a 12 month low of $32.16 and a 12 month high of $57.78.

Hancock Whitney (NASDAQ:HWC) last announced its earnings results on Tuesday, October 15th. The company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.02. The business had revenue of $525.37 million during the quarter, compared to the consensus estimate of $363.54 million. Hancock Whitney had a net margin of 18.63% and a return on equity of 11.51%. During the same quarter in the prior year, the firm earned $1.12 earnings per share. Sell-side analysts expect that Hancock Whitney Co. will post 5.14 earnings per share for the current year.

Hancock Whitney Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Thursday, September 5th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date was Thursday, September 5th. Hancock Whitney’s payout ratio is currently 37.30%.

Institutional Investors Weigh In On Hancock Whitney

Several hedge funds have recently modified their holdings of the stock. Victory Capital Management Inc. raised its position in Hancock Whitney by 707.2% during the 2nd quarter. Victory Capital Management Inc. now owns 576,264 shares of the company’s stock worth $27,563,000 after buying an additional 504,873 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Hancock Whitney by 213.7% during the second quarter. AQR Capital Management LLC now owns 735,790 shares of the company’s stock worth $34,663,000 after acquiring an additional 501,259 shares during the period. Hancock Whitney Corp raised its holdings in Hancock Whitney by 30.9% during 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 in the last quarter. American Century Companies Inc. raised its holdings in Hancock Whitney by 20.4% during 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 in the last quarter. Finally, Dimensional Fund Advisors LP lifted 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 valued at $238,197,000 after purchasing an additional 167,304 shares during the period. 81.22% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HWC has been the subject of several recent analyst reports. Jefferies Financial Group decreased their price objective on shares of Hancock Whitney from $48.00 to $47.00 and set a “hold” rating for the company in a research report on Wednesday, July 3rd. Truist Financial lowered their price objective on Hancock Whitney from $57.00 to $56.00 and set a “hold” rating for the company in a research report on Friday, September 20th. Hovde Group raised their target price on Hancock Whitney from $55.00 to $62.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 17th. DA Davidson boosted their target price on Hancock Whitney from $62.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Finally, Keefe, Bruyette & Woods raised 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. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Hancock Whitney presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.89.

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.