Atria Investments Inc Lowers Stock Holdings in Hancock Whitney Co. (NASDAQ:HWC)

Atria Investments Inc lowered its position in shares of Hancock Whitney Co. (NASDAQ:HWC) by 6.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,147 shares of the company’s stock after selling 427 shares during the period. Atria Investments Inc’s holdings in Hancock Whitney were worth $315,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Triad Wealth Partners LLC bought a new position in Hancock Whitney in the 2nd quarter worth about $31,000. Mather Group LLC. bought a new position in shares of Hancock Whitney in the second quarter worth approximately $37,000. Headlands Technologies LLC purchased a new stake in Hancock Whitney in the second quarter valued at approximately $43,000. CWM LLC lifted its position in Hancock Whitney by 268.9% during the second quarter. CWM LLC now owns 985 shares of the company’s stock valued at $47,000 after purchasing an additional 718 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in Hancock Whitney in the 2nd quarter worth approximately $63,000. Hedge funds and other institutional investors own 81.22% of the company’s stock.

Hancock Whitney Stock Up 3.6 %

Shares of NASDAQ:HWC opened at $59.97 on Friday. Hancock Whitney Co. has a 12-month low of $39.38 and a 12-month high of $61.41. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.06. The stock’s 50-day moving average price is $53.39 and its 200-day moving average price is $50.48. The stock has a market capitalization of $5.16 billion, a P/E ratio of 13.45 and a beta of 1.25.

Hancock Whitney (NASDAQ:HWC) last announced its quarterly earnings results on Tuesday, October 15th. The company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.02. The business had revenue of $525.37 million for the quarter, compared to analysts’ expectations 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 firm earned $1.12 EPS. On average, equities analysts anticipate that Hancock Whitney Co. will post 5.19 earnings per share for the current year.

Hancock Whitney Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $1.60 annualized dividend and a yield of 2.67%. Hancock Whitney’s payout ratio is currently 35.87%.

Insiders Place Their Bets

In related news, Director Carleton Richard Wilkins sold 800 shares of the firm’s stock in a transaction 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 completion of the sale, the director now owns 15,900 shares of the company’s stock, valued at $810,105. This trade represents a 4.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO John M. Hairston sold 18,000 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were 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 approximately $15,099,305.44. The trade was a 6.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 27,994 shares of company stock valued at $1,593,710 in the last quarter. Insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

HWC has been the topic of several research reports. Truist Financial lowered their price objective on shares of Hancock Whitney from $57.00 to $56.00 and set a “hold” rating on the stock in a research report on Friday, September 20th. DA Davidson increased their target price on Hancock Whitney from $62.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company 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.