Cwm LLC Grows Stock Holdings in Hancock Whitney Co. (NASDAQ:HWC)

Cwm LLC boosted its position in shares of Hancock Whitney Co. (NASDAQ:HWC) by 170.3% 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 2,662 shares of the company’s stock after acquiring an additional 1,677 shares during the period. Cwm LLC’s holdings in Hancock Whitney were worth $136,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Victory Capital Management Inc. grew its position in Hancock Whitney by 707.2% during the second quarter. Victory Capital Management Inc. now owns 576,264 shares of the company’s stock valued at $27,563,000 after acquiring an additional 504,873 shares during the last quarter. AQR Capital Management LLC boosted its position in Hancock Whitney by 213.7% during the 2nd quarter. AQR Capital Management LLC now owns 735,790 shares of the company’s stock valued at $34,663,000 after acquiring an additional 501,259 shares in the last quarter. Hancock Whitney Corp grew its position in shares of Hancock Whitney by 30.9% in the 2nd quarter. Hancock Whitney Corp now owns 1,069,223 shares of the company’s stock worth $51,141,000 after buying an additional 252,473 shares during the period. American Century Companies Inc. lifted its holdings in shares of Hancock Whitney by 20.4% during the second quarter. American Century Companies Inc. now owns 1,401,113 shares of the company’s stock valued at $67,015,000 after purchasing an additional 237,526 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Hancock Whitney by 3.5% in the second quarter. Dimensional Fund Advisors LP now owns 4,980,204 shares of the company’s stock worth $238,197,000 after acquiring an additional 167,304 shares during the last quarter. Hedge funds and other institutional investors own 81.22% of the company’s stock.

Insiders Place Their Bets

In other Hancock Whitney news, Director Carleton Richard Wilkins sold 800 shares of the business’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $50.95, for a total transaction of $40,760.00. Following the sale, the director now owns 15,900 shares in the company, valued at approximately $810,105. The trade was 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 the SEC website. In other news, Director Carleton Richard Wilkins sold 800 shares of the business’s stock in a transaction dated 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 transaction, 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 position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Michael M. Achary sold 8,431 shares of Hancock Whitney stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $52.55, for a total transaction of $443,049.05. Following the transaction, the chief financial officer now directly owns 54,380 shares of the company’s stock, valued at approximately $2,857,669. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,284 shares of company stock valued at $600,892. 1.10% of the stock is currently owned by corporate insiders.

Hancock Whitney Trading Up 0.9 %

Shares of HWC opened at $51.78 on Friday. The company has a 50-day moving average of $51.15 and a 200 day moving average of $48.80. The firm has a market capitalization of $4.49 billion, a price-to-earnings ratio of 12.03 and a beta of 1.26. Hancock Whitney Co. has a 1-year low of $32.16 and a 1-year high of $57.78. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.81 and a quick ratio of 0.81.

Hancock Whitney (NASDAQ:HWC) last released its quarterly earnings data on Tuesday, October 15th. The company reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 18.63% and a return on equity of 11.51%. During the same period last year, the firm earned $1.12 earnings per share. On average, research analysts expect that Hancock Whitney Co. will post 5.14 EPS for the current year.

Hancock Whitney Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Thursday, September 5th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date of this dividend was Thursday, September 5th. Hancock Whitney’s payout ratio is presently 37.30%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on HWC shares. Hovde Group lifted their price objective on Hancock Whitney from $55.00 to $62.00 and gave the stock an “outperform” rating in a report on Wednesday, July 17th. Piper Sandler raised their price objective on shares of Hancock Whitney from $52.00 to $62.00 and gave the company an “overweight” rating in a research report on Wednesday, July 17th. Truist Financial reduced 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 raised their price target on Hancock Whitney from $62.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Finally, Keefe, Bruyette & Woods increased 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. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $56.89.

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.