Hancock Whitney Co. (NASDAQ:HWC) Stock Holdings Lowered by Creative Planning

Creative Planning reduced its holdings in Hancock Whitney Co. (NASDAQ:HWC) by 5.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,421 shares of the company’s stock after selling 820 shares during the quarter. Creative Planning’s holdings in Hancock Whitney were worth $789,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Oliver Luxxe Assets LLC bought a new stake in shares of Hancock Whitney in the 3rd quarter worth approximately $1,818,000. CHICAGO TRUST Co NA acquired a new stake in shares of Hancock Whitney during the third quarter valued at approximately $202,000. CWM LLC raised its holdings in shares of Hancock Whitney by 170.3% during the third quarter. CWM LLC now owns 2,662 shares of the company’s stock valued at $136,000 after acquiring an additional 1,677 shares during the period. Handelsbanken Fonder AB raised its holdings in shares of Hancock Whitney by 31.2% during the third quarter. Handelsbanken Fonder AB now owns 20,174 shares of the company’s stock valued at $1,032,000 after acquiring an additional 4,800 shares during the period. Finally, Clifford Capital Partners LLC raised its holdings in shares of Hancock Whitney by 12.2% during the second quarter. Clifford Capital Partners LLC now owns 8,434 shares of the company’s stock valued at $403,000 after acquiring an additional 916 shares during the period. 81.22% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on HWC shares. Keefe, Bruyette & Woods boosted their price target on shares of Hancock Whitney from $55.00 to $60.00 and gave the company an “outperform” rating in a report on Wednesday, July 17th. Piper Sandler boosted 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. DA Davidson boosted their price target on shares of Hancock Whitney from $62.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Truist Financial cut their price target 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 boosted their price target on shares of Hancock Whitney from $55.00 to $62.00 and gave the company an “outperform” rating in a 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $56.89.

Insiders Place Their Bets

In other Hancock Whitney news, Director Christine L. Pickering sold 763 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $52.40, for a total value of $39,981.20. Following the completion of the sale, the director now directly owns 23,518 shares of the company’s stock, valued at $1,232,343.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Director Christine L. Pickering sold 763 shares of the business’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $52.40, for a total value of $39,981.20. Following the completion of the sale, the director now directly owns 23,518 shares in the company, valued at approximately $1,232,343.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Carleton Richard Wilkins sold 800 shares of the business’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $50.95, for a total transaction 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. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,994 shares of company stock valued at $523,790 over the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Hancock Whitney Stock Performance

Shares of HWC opened at $52.04 on Friday. The company’s 50 day moving average price is $51.42 and its 200 day moving average price is $49.24. Hancock Whitney Co. has a 52 week low of $35.22 and a 52 week high of $57.78. The company has a market capitalization of $4.49 billion, a PE ratio of 11.67 and a beta of 1.25. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.79 and a current ratio of 0.79.

Hancock Whitney (NASDAQ:HWC) last posted 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 company had revenue of $525.37 million during the quarter, compared to the consensus estimate of $363.54 million. Hancock Whitney had a net margin of 19.30% and a return on equity of 11.47%. During the same period in the previous year, the firm posted $1.12 earnings per share. Research analysts expect that Hancock Whitney Co. will post 5.19 EPS for the current fiscal year.

Hancock Whitney Dividend Announcement

The firm 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 $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.07%. The ex-dividend date is Thursday, December 5th. Hancock Whitney’s dividend 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.