4,896 Shares in Hancock Whitney Co. (NASDAQ:HWC) Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC purchased a new position in Hancock Whitney Co. (NASDAQ:HWC) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 4,896 shares of the company’s stock, valued at approximately $251,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of HWC. BNP Paribas Financial Markets grew its stake in shares of Hancock Whitney by 96.6% in the 1st quarter. BNP Paribas Financial Markets now owns 51,361 shares of the company’s stock valued at $2,365,000 after buying an additional 25,241 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Hancock Whitney by 0.4% in the first quarter. Vanguard Group Inc. now owns 9,226,780 shares of the company’s stock valued at $424,801,000 after purchasing an additional 34,152 shares in the last quarter. Texas Permanent School Fund Corp raised its stake in shares of Hancock Whitney by 35.4% in the second quarter. Texas Permanent School Fund Corp now owns 102,103 shares of the company’s stock valued at $4,884,000 after purchasing an additional 26,705 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of Hancock Whitney by 22.1% in the first quarter. Cetera Investment Advisers now owns 59,636 shares of the company’s stock valued at $2,746,000 after purchasing an additional 10,810 shares in the last quarter. Finally, Hancock Whitney Corp raised its stake in Hancock Whitney by 30.9% during the second 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 in the last quarter. Institutional investors and hedge funds own 81.22% of the company’s stock.

Insider Buying and Selling

In other news, CEO John M. Hairston sold 18,000 shares of the company’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 completion of the transaction, the chief executive officer now directly owns 254,026 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this link. In related news, Director Carleton Richard Wilkins sold 800 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $50.95, for a total value of $40,760.00. Following the sale, the director now owns 15,900 shares in the company, valued at $810,105. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO John M. Hairston sold 18,000 shares of the 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 owns 254,026 shares in the company, valued at approximately $15,099,305.44. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,994 shares of company stock worth $1,593,710 over the last ninety days. 1.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

HWC has been the subject of a number of research reports. Truist Financial lowered their target price on Hancock Whitney from $57.00 to $56.00 and set a “hold” rating for the company in a research note on Friday, September 20th. Hovde Group raised their price target on Hancock Whitney from $55.00 to $62.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 17th. DA Davidson raised their price target on Hancock Whitney from $62.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Piper Sandler lifted their target price on Hancock Whitney from $52.00 to $62.00 and gave the company an “overweight” rating in a research report on Wednesday, July 17th. Finally, 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. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $56.89.

Hancock Whitney Stock Up 2.8 %

Shares of Hancock Whitney stock opened at $60.25 on Tuesday. Hancock Whitney Co. has a one year low of $36.73 and a one year high of $61.11. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.79 and a quick ratio of 0.79. The stock’s 50-day moving average is $51.90 and its 200 day moving average is $49.79. The firm has a market cap of $5.20 billion, a price-to-earnings ratio of 13.51 and a beta of 1.25.

Hancock Whitney (NASDAQ:HWC) last issued its quarterly earnings results on Tuesday, October 15th. The company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.02. Hancock Whitney had a return on equity of 11.47% and a net margin of 19.30%. The company had revenue of $525.37 million during the quarter, compared to the consensus estimate of $363.54 million. During the same period last year, the business posted $1.12 earnings per share. Equities research analysts anticipate that Hancock Whitney Co. will post 5.2 EPS for the current year.

Hancock Whitney Announces Dividend

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 annualized dividend and a yield of 2.66%. The ex-dividend date of this dividend is Thursday, December 5th. Hancock Whitney’s payout ratio is 35.87%.

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.