Amalgamated Bank Sells 2,513 Shares of Hancock Whitney Co. (NASDAQ:HWC)

Amalgamated Bank cut its stake in Hancock Whitney Co. (NASDAQ:HWC) by 6.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,580 shares of the company’s stock after selling 2,513 shares during the period. Amalgamated Bank’s holdings in Hancock Whitney were worth $2,025,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. 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. DA Davidson boosted their price target on Hancock Whitney from $62.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Keefe, Bruyette & Woods increased their price objective on Hancock Whitney from $55.00 to $60.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 17th. Piper Sandler upped their price target on shares of Hancock Whitney from $52.00 to $62.00 and gave the company an “overweight” rating in a research note on Wednesday, July 17th. Finally, Truist Financial dropped their price objective on shares of Hancock Whitney from $57.00 to $56.00 and set a “hold” rating for the company in a research note on Friday, September 20th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.89.

Insider Activity at Hancock Whitney

In other Hancock Whitney news, Director Carleton Richard Wilkins sold 800 shares of the business’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 transaction, the director now directly owns 15,900 shares of the company’s stock, valued at approximately $810,105. 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. In related news, Director Christine L. Pickering sold 763 shares of Hancock Whitney 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 owns 23,518 shares of the company’s stock, valued at approximately $1,232,343.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Carleton Richard Wilkins sold 800 shares of the company’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 transaction, 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 disclosure for this sale can be found here. Insiders have sold 27,994 shares of company stock worth $1,593,710 over the last ninety days. Insiders own 1.10% of the company’s stock.

Hancock Whitney Stock Up 2.8 %

NASDAQ HWC opened at $60.25 on Tuesday. The business has a fifty day moving average price of $51.90 and a two-hundred day moving average price of $49.79. The stock has a market capitalization of $5.20 billion, a PE ratio of 13.51 and a beta of 1.25. Hancock Whitney Co. has a fifty-two week low of $36.73 and a fifty-two week 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.

Hancock Whitney (NASDAQ:HWC) last announced 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 analysts’ expectations of $363.54 million. During the same period in the prior year, the company earned $1.12 EPS. Equities analysts expect that Hancock Whitney Co. will post 5.2 earnings per share for the current fiscal year.

Hancock Whitney Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Thursday, December 5th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend is Thursday, December 5th. Hancock Whitney’s dividend payout ratio is currently 35.87%.

Hancock Whitney 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.