Hancock Whitney Co. (NASDAQ:HWC) Shares Sold by Waters Parkerson & CO. LLC

Waters Parkerson & CO. LLC trimmed its holdings in shares of Hancock Whitney Co. (NASDAQ:HWC) by 2.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 34,071 shares of the company’s stock after selling 713 shares during the period. Waters Parkerson & CO. LLC’s holdings in Hancock Whitney were worth $1,630,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. purchased a new stake in shares of Hancock Whitney in the fourth quarter worth about $386,000. Quadrant Capital Group LLC boosted its holdings in Hancock Whitney by 35.2% in the 4th quarter. Quadrant Capital Group LLC now owns 1,260 shares of the company’s stock worth $61,000 after acquiring an additional 328 shares during the period. Norges Bank acquired a new stake in Hancock Whitney in the fourth quarter valued at approximately $46,846,000. Corient Private Wealth LLC raised its stake in shares of Hancock Whitney by 17.1% during the fourth quarter. Corient Private Wealth LLC now owns 15,741 shares of the company’s stock valued at $765,000 after purchasing an additional 2,293 shares during the period. Finally, Trexquant Investment LP purchased a new stake in shares of Hancock Whitney during the fourth quarter valued at approximately $357,000. 81.22% of the stock is currently owned by institutional investors and hedge funds.

Hancock Whitney Stock Performance

Shares of HWC opened at $52.26 on Friday. 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. The business’s fifty day moving average price is $51.46 and its 200 day moving average price is $47.49. The stock has a market capitalization of $4.53 billion, a PE ratio of 12.18 and a beta of 1.26.

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

Hancock Whitney Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Thursday, September 5th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.06%. The ex-dividend date was Thursday, September 5th. Hancock Whitney’s dividend payout ratio (DPR) is 37.30%.

Analysts Set New Price Targets

A number of research firms recently weighed in on HWC. Piper Sandler raised their price target 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. Keefe, Bruyette & Woods raised their target price on Hancock Whitney from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Wednesday, July 17th. Hovde Group increased their price target on Hancock Whitney from $55.00 to $62.00 and gave the company an “outperform” rating in a report on Wednesday, July 17th. 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 note on Wednesday, July 3rd. Finally, Truist Financial upped their target price on Hancock Whitney from $49.00 to $57.00 and gave the company a “hold” rating in a research 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 company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $56.78.

Insider Buying and Selling

In other Hancock Whitney news, Director Frank E. Bertucci sold 2,053 shares of the firm’s stock in a transaction 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 sale, the director now directly owns 22,554 shares in the company, valued at $1,286,254.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.10% of the stock is owned by company insiders.

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.