Captrust Financial Advisors boosted its position in Hancock Whitney Co. (NASDAQ:HWC – Free Report) by 9.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,266 shares of the company’s stock after purchasing an additional 857 shares during the period. Captrust Financial Advisors’ holdings in Hancock Whitney were worth $525,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in shares of Hancock Whitney by 3.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,980,204 shares of the company’s stock valued at $238,197,000 after buying an additional 167,304 shares in the last quarter. American Century Companies Inc. increased its stake in Hancock Whitney by 20.4% in the 2nd quarter. American Century Companies Inc. now owns 1,401,113 shares of the company’s stock worth $67,015,000 after acquiring an additional 237,526 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Hancock Whitney by 4.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,154,835 shares of the company’s stock worth $59,093,000 after acquiring an additional 46,622 shares during the last quarter. Hancock Whitney Corp increased its stake in Hancock Whitney by 30.9% in the 2nd quarter. Hancock Whitney Corp now owns 1,069,223 shares of the company’s stock worth $51,141,000 after acquiring an additional 252,473 shares during the last quarter. Finally, Millennium Management LLC increased its stake in Hancock Whitney by 20.9% in the 2nd quarter. Millennium Management LLC now owns 780,882 shares of the company’s stock worth $37,350,000 after acquiring an additional 135,076 shares during the last quarter. 81.22% of the stock is owned by hedge funds and other institutional investors.
Hancock Whitney Price Performance
Shares of NASDAQ HWC opened at $58.32 on Thursday. Hancock Whitney Co. has a one year low of $41.19 and a one year high of $62.40. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.81 and a current ratio of 0.82. The company’s fifty day moving average is $55.46 and its two-hundred day moving average is $51.52. The firm has a market capitalization of $5.02 billion, a P/E ratio of 13.04 and a beta of 1.27.
Hancock Whitney (NASDAQ:HWC – Get Free Report) last announced its earnings results 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 net margin of 19.30% and a return on equity of 11.47%. The firm had revenue of $525.37 million during the quarter, compared to the consensus estimate of $363.54 million. During the same quarter in the previous year, the company posted $1.12 EPS. Analysts forecast that Hancock Whitney Co. will post 5.19 EPS for the current fiscal year.
Hancock Whitney Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Thursday, December 5th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date is Thursday, December 5th. Hancock Whitney’s dividend payout ratio (DPR) is presently 35.87%.
Wall Street Analyst Weigh In
HWC has been the topic of several analyst reports. Keefe, Bruyette & Woods boosted their target price on Hancock Whitney from $60.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. Truist Financial dropped their price objective on Hancock Whitney from $57.00 to $56.00 and set a “hold” rating for the company in a report on Friday, September 20th. DA Davidson boosted 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. Finally, Stephens upgraded Hancock Whitney from an “equal weight” rating to an “overweight” rating in a report on Monday. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Hancock Whitney has an average rating of “Moderate Buy” and an average target price of $58.00.
View Our Latest Stock Report on HWC
Insider Buying and Selling
In related news, CEO John M. Hairston sold 18,000 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $59.44, for a total transaction of $1,069,920.00. Following the transaction, the chief executive officer now directly owns 254,026 shares in the company, valued at $15,099,305.44. This trade represents a 6.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Christine L. Pickering sold 763 shares of the firm’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $52.40, for a total value of $39,981.20. Following the transaction, the director now directly owns 23,518 shares in the company, valued at $1,232,343.20. This trade represents a 3.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,994 shares of company stock valued at $1,593,710. 1.10% of the stock is currently owned by corporate insiders.
Hancock Whitney Company Profile
(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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