Clifford Capital Partners LLC Has $403,000 Stake in Hancock Whitney Co. (NASDAQ:HWC)

Clifford Capital Partners LLC lifted its holdings in Hancock Whitney Co. (NASDAQ:HWC) by 12.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,434 shares of the company’s stock after purchasing an additional 916 shares during the quarter. Clifford Capital Partners LLC’s holdings in Hancock Whitney were worth $403,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Triad Wealth Partners LLC bought a new stake in shares of Hancock Whitney in the second quarter valued at approximately $31,000. Mather Group LLC. bought a new position in Hancock Whitney during the second quarter worth $37,000. Headlands Technologies LLC acquired a new stake in Hancock Whitney during the second quarter worth approximately $43,000. CWM LLC increased its stake in shares of Hancock Whitney by 268.9% in the 2nd quarter. CWM LLC now owns 985 shares of the company’s stock valued at $47,000 after acquiring an additional 718 shares in the last quarter. Finally, OLD Point Trust & Financial Services N A bought a new position in shares of Hancock Whitney during the 4th quarter worth about $49,000. 81.22% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on HWC shares. Piper Sandler increased their price objective on Hancock Whitney from $52.00 to $62.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 17th. DA Davidson boosted their price objective on Hancock Whitney from $57.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Keefe, Bruyette & Woods raised their price target on Hancock Whitney from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Wednesday, July 17th. 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. Finally, Hovde Group lifted their price target on Hancock Whitney from $55.00 to $62.00 and gave the company an “outperform” rating in a research 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’s stock. Based on data from MarketBeat.com, Hancock Whitney has a consensus rating of “Moderate Buy” and an average price target of $56.67.

Hancock Whitney Stock Performance

NASDAQ:HWC opened at $49.20 on Wednesday. Hancock Whitney Co. has a fifty-two week low of $32.16 and a fifty-two week high of $57.78. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.81 and a current ratio of 0.81. The stock’s fifty day moving average is $51.07 and its 200 day moving average is $47.98. The firm has a market capitalization of $4.26 billion, a PE ratio of 11.47 and a beta of 1.26.

Hancock Whitney (NASDAQ:HWC) last announced 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. The firm had revenue of $359.60 million for the quarter, compared to analyst estimates of $359.11 million. Hancock Whitney had a return on equity of 11.51% and a net margin of 18.63%. The business’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter last year, the firm posted $1.35 earnings per share. On average, sell-side analysts anticipate that Hancock Whitney Co. will post 5.16 earnings per share for the current year.

Hancock Whitney Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Thursday, September 5th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.25%. The ex-dividend date was Thursday, September 5th. Hancock Whitney’s payout ratio is 37.30%.

Insider Activity at Hancock Whitney

In other Hancock Whitney news, Director Frank E. Bertucci sold 2,053 shares of the firm’s stock in a transaction dated 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 owns 22,554 shares of the company’s stock, valued at $1,286,254.62. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

About Hancock Whitney

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.