Hancock Whitney Co. (NASDAQ:HWC - Get Free Report) Director Christine L. Pickering sold 763 shares of the business's stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $52.40, for a total transaction of $39,981.20. Following the transaction, the director now directly owns 23,518 shares in the company, valued at approximately $1,232,343.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Hancock Whitney Price Performance
HWC opened at $53.14 on Thursday. The stock's 50-day moving average price is $51.39 and its 200 day moving average price is $49.10. Hancock Whitney Co. has a 12-month low of $33.91 and a 12-month high of $57.78. The firm has a market cap of $4.59 billion, a price-to-earnings ratio of 11.91 and a beta of 1.26. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.06.
Hancock Whitney (NASDAQ:HWC - Get Free Report) last issued its quarterly earnings results on Tuesday, October 15th. The company reported $1.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.31 by $0.02. Hancock Whitney had a net margin of 19.30% and a return on equity of 11.47%. The company had revenue of $525.37 million for the quarter, compared to analyst estimates of $363.54 million. During the same period in the prior year, the firm earned $1.12 earnings per share. As a group, sell-side analysts expect that Hancock Whitney Co. will post 5.19 earnings per share for the current year.
Hancock Whitney Announces Dividend
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The firm also recently declared 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. The ex-dividend date is Thursday, December 5th. This represents a $1.60 annualized dividend and a yield of 3.01%. Hancock Whitney's dividend payout ratio is presently 35.87%.
Institutional Trading of Hancock Whitney
A number of large investors have recently modified their holdings of HWC. Hibernia Wealth Partners LLC purchased a new position in Hancock Whitney in the third quarter valued at $669,000. State of Alaska Department of Revenue boosted its stake in shares of Hancock Whitney by 7.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 9,985 shares of the company's stock valued at $510,000 after buying an additional 680 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Hancock Whitney during the third quarter worth about $251,000. DMC Group LLC increased its stake in shares of Hancock Whitney by 53.9% during the third quarter. DMC Group LLC now owns 8,505 shares of the company's stock worth $435,000 after buying an additional 2,980 shares during the period. Finally, Raymond James & Associates raised its holdings in Hancock Whitney by 4.9% in the third quarter. Raymond James & Associates now owns 152,938 shares of the company's stock valued at $7,826,000 after acquiring an additional 7,126 shares in the last quarter. Hedge funds and other institutional investors own 81.22% of the company's stock.
Wall Street Analyst Weigh In
HWC has been the topic of several recent analyst reports. Truist Financial decreased their target price on shares of Hancock Whitney from $57.00 to $56.00 and set a "hold" rating on the stock in a report on Friday, September 20th. DA Davidson upped their price objective on Hancock Whitney from $62.00 to $65.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. 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 note on Wednesday, July 17th. Keefe, Bruyette & Woods upped their price target on Hancock Whitney from $55.00 to $60.00 and gave the company an "outperform" rating in a research note on Wednesday, July 17th. Finally, Piper Sandler boosted their price objective on shares of Hancock Whitney from $52.00 to $62.00 and gave the company an "overweight" rating in a report on Wednesday, July 17th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $56.89.
Check Out Our Latest Stock Analysis on Hancock Whitney
About Hancock Whitney
(
Get Free Report)
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.
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