State of Alaska Department of Revenue Acquires 680 Shares of Hancock Whitney Co. (NASDAQ:HWC)

State of Alaska Department of Revenue raised its holdings in Hancock Whitney Co. (NASDAQ:HWC) by 7.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,985 shares of the company’s stock after purchasing an additional 680 shares during the period. State of Alaska Department of Revenue’s holdings in Hancock Whitney were worth $510,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in HWC. Triad Wealth Partners LLC bought a new position in shares of Hancock Whitney in the second quarter worth $31,000. Mather Group LLC. bought a new position in Hancock Whitney in the 2nd quarter valued at about $37,000. Headlands Technologies LLC bought a new position in Hancock Whitney in the 2nd quarter valued at about $43,000. CWM LLC raised its position 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 buying an additional 718 shares in the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in shares of Hancock Whitney during the 2nd quarter worth approximately $63,000. Institutional investors and hedge funds own 81.22% of the company’s stock.

Hancock Whitney Stock Performance

Hancock Whitney stock opened at $58.63 on Friday. The business has a 50 day moving average of $51.67 and a 200-day moving average of $49.55. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.79 and a quick ratio of 0.79. Hancock Whitney Co. has a 1 year low of $36.70 and a 1 year high of $61.01. The company has a market capitalization of $5.06 billion, a P/E ratio of 13.15 and a beta of 1.25.

Hancock Whitney (NASDAQ:HWC) last announced its earnings results on Tuesday, October 15th. The company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.31 by $0.02. The firm had revenue of $525.37 million for the quarter, compared to the consensus estimate of $363.54 million. Hancock Whitney had a return on equity of 11.47% and a net margin of 19.30%. During the same period in the previous year, the business earned $1.12 EPS. On average, equities research analysts predict that Hancock Whitney Co. will post 5.19 earnings per share for the current year.

Hancock Whitney Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders 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 2.73%. The ex-dividend date of this dividend is Thursday, December 5th. Hancock Whitney’s dividend payout ratio is presently 35.87%.

Insiders Place Their Bets

In other news, CEO John M. Hairston sold 18,000 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $59.44, for a total value of $1,069,920.00. Following the sale, the chief executive officer now directly owns 254,026 shares of the company’s stock, valued at approximately $15,099,305.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO John M. Hairston sold 18,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $59.44, for a total value of $1,069,920.00. Following the transaction, the chief executive officer now directly owns 254,026 shares of the company’s stock, valued at $15,099,305.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Michael M. Achary sold 8,431 shares of the company’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $52.55, for a total value of $443,049.05. Following the sale, the chief financial officer now owns 54,380 shares in the company, valued at approximately $2,857,669. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,994 shares of company stock worth $1,593,710. 1.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on HWC shares. Hovde Group boosted their price objective on shares of Hancock Whitney from $55.00 to $62.00 and gave the company an “outperform” rating in a research report on Wednesday, July 17th. Piper Sandler boosted their price target on Hancock Whitney from $52.00 to $62.00 and gave the stock an “overweight” rating in a report on Wednesday, July 17th. Truist Financial reduced their price objective on Hancock Whitney from $57.00 to $56.00 and set a “hold” rating on the stock in a research note on Friday, September 20th. Keefe, Bruyette & Woods lifted their target price on Hancock Whitney from $55.00 to $60.00 and gave the company an “outperform” rating in a research report on Wednesday, July 17th. Finally, DA Davidson increased their target price on shares of Hancock Whitney from $62.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Hancock Whitney has an average rating of “Moderate Buy” and an average 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.