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

Wealth Enhancement Advisory Services LLC bought a new stake in shares of Hancock Whitney Co. (NASDAQ:HWC) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,896 shares of the company’s stock, valued at approximately $251,000.

Other large investors have also modified their holdings of the company. BNP Paribas Financial Markets raised its stake in Hancock Whitney by 96.6% in the first quarter. BNP Paribas Financial Markets now owns 51,361 shares of the company’s stock worth $2,365,000 after buying an additional 25,241 shares in the last quarter. Texas Permanent School Fund Corp grew its holdings in shares of Hancock Whitney by 1.4% during the first quarter. Texas Permanent School Fund Corp now owns 75,398 shares of the company’s stock valued at $3,471,000 after buying an additional 1,008 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Hancock Whitney by 101.9% in the first quarter. SG Americas Securities LLC now owns 10,297 shares of the company’s stock valued at $474,000 after purchasing an additional 5,197 shares during the last quarter. ProShare Advisors LLC boosted its holdings in Hancock Whitney by 4.8% in the first quarter. ProShare Advisors LLC now owns 19,808 shares of the company’s stock valued at $912,000 after purchasing an additional 901 shares during the last quarter. Finally, Entropy Technologies LP purchased a new stake in Hancock Whitney in the first quarter valued at $319,000. Hedge funds and other institutional investors own 81.22% of the company’s stock.

Insider Activity

In related news, Director Christine L. Pickering sold 763 shares of the company’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $52.40, for a total transaction 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 approximately $1,232,343.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Christine L. Pickering sold 763 shares of the company’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $52.40, for a total value of $39,981.20. Following the sale, the director now owns 23,518 shares in the company, valued at approximately $1,232,343.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Carleton Richard Wilkins sold 800 shares of the 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. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,994 shares of company stock valued at $1,593,710 in the last ninety days. Company insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

HWC has been the subject of several research analyst reports. Keefe, Bruyette & Woods upped their target price on Hancock Whitney from $55.00 to $60.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 17th. Hovde Group boosted their target price 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 boosted their target price on Hancock Whitney from $52.00 to $62.00 and gave the stock an “overweight” rating in a report on Wednesday, July 17th. DA Davidson boosted their target price on Hancock Whitney from $62.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Finally, Truist Financial decreased their price objective on Hancock Whitney from $57.00 to $56.00 and set a “hold” rating on the stock in a report on Friday, September 20th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $56.89.

Hancock Whitney Trading Up 2.8 %

NASDAQ HWC opened at $60.25 on Tuesday. The stock has a market capitalization of $5.20 billion, a P/E ratio of 13.51 and a beta of 1.25. Hancock Whitney Co. has a 52-week low of $36.73 and a 52-week high of $61.11. The firm has a 50-day moving average price of $51.90 and a 200 day moving average price of $49.79. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.06.

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

Hancock Whitney Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Thursday, December 5th will be paid 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 dividend yield of 2.66%. Hancock Whitney’s dividend payout ratio is presently 35.87%.

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.