EverSource Wealth Advisors LLC Sells 333 Shares of Hancock Whitney Co. (NASDAQ:HWC)

EverSource Wealth Advisors LLC reduced its position in shares of Hancock Whitney Co. (NASDAQ:HWC) by 19.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 1,385 shares of the company’s stock after selling 333 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Hancock Whitney were worth $66,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hancock Whitney Corp lifted its position in Hancock Whitney by 30.9% during the second quarter. Hancock Whitney Corp now owns 1,069,223 shares of the company’s stock valued at $51,141,000 after purchasing an additional 252,473 shares during the last quarter. Sei Investments Co. raised its position in shares of Hancock Whitney by 4.8% during the 2nd quarter. Sei Investments Co. now owns 122,105 shares of the company’s stock valued at $5,840,000 after buying an additional 5,547 shares in the last quarter. Intech Investment Management LLC bought a new position in shares of Hancock Whitney in the 2nd quarter valued at about $1,799,000. Vanguard Personalized Indexing Management LLC grew its position in Hancock Whitney by 18.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,877 shares of the company’s stock worth $520,000 after acquiring an additional 1,699 shares in the last quarter. Finally, Denali Advisors LLC bought a new stake in Hancock Whitney during the second quarter worth approximately $3,037,000. 81.22% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Hancock Whitney

In other Hancock Whitney news, Director Frank E. Bertucci sold 2,053 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $57.03, for a total transaction of $117,082.59. Following the transaction, the director now owns 22,554 shares of the company’s stock, valued at approximately $1,286,254.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Truist Financial lowered their price objective on Hancock Whitney from $57.00 to $56.00 and set a “hold” rating for the company in a research note on Friday, September 20th. Jefferies Financial Group dropped their price objective on shares of Hancock Whitney from $48.00 to $47.00 and set a “hold” rating for the company in a research note on Wednesday, July 3rd. Hovde Group increased their target price on shares of Hancock Whitney from $55.00 to $62.00 and gave the company an “outperform” rating in a research note on Wednesday, July 17th. Keefe, Bruyette & Woods lifted their price target on shares of Hancock Whitney from $55.00 to $60.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 17th. Finally, DA Davidson upped their price target on shares of Hancock Whitney from $57.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $56.67.

Hancock Whitney Price Performance

Hancock Whitney stock opened at $50.43 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market cap of $4.35 billion, a price-to-earnings ratio of 11.76 and a beta of 1.26. The firm has a 50-day moving average of $51.30 and a two-hundred day moving average of $47.81. Hancock Whitney Co. has a 1 year low of $32.16 and a 1 year high of $57.78.

Hancock Whitney (NASDAQ:HWC) last announced its quarterly earnings results on Tuesday, July 16th. The company reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.11. The firm had revenue of $359.60 million during the quarter, compared to analyst estimates of $359.11 million. Hancock Whitney had a return on equity of 11.51% and a net margin of 18.63%. Hancock Whitney’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.35 earnings per share. On average, research analysts forecast that Hancock Whitney Co. will post 5.16 earnings per share for the current year.

Hancock Whitney Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Thursday, September 5th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $1.60 annualized dividend and a dividend yield of 3.17%. Hancock Whitney’s dividend payout ratio is currently 37.30%.

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.