Swiss National Bank Sells 1,900 Shares of Hancock Whitney Co. (NASDAQ:HWC)

Swiss National Bank reduced its stake in Hancock Whitney Co. (NASDAQ:HWC) by 1.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 169,100 shares of the company’s stock after selling 1,900 shares during the quarter. Swiss National Bank owned about 0.20% of Hancock Whitney worth $8,653,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Victory Capital Management Inc. increased its stake in shares of Hancock Whitney by 707.2% during the second quarter. Victory Capital Management Inc. now owns 576,264 shares of the company’s stock worth $27,563,000 after purchasing an additional 504,873 shares during the period. AQR Capital Management LLC increased 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 worth $34,663,000 after buying an additional 501,259 shares during the period. Hancock Whitney Corp lifted its holdings in shares of Hancock Whitney by 30.9% during the second 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 in the last quarter. 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 worth $67,015,000 after buying an additional 237,526 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position 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 valued at $238,197,000 after acquiring an additional 167,304 shares during the period. 81.22% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Hancock Whitney news, CEO John M. Hairston sold 18,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $59.44, for a total transaction of $1,069,920.00. Following the sale, the chief executive officer now directly owns 254,026 shares of the company’s stock, valued at $15,099,305.44. The trade was a 6.62 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 transaction of $40,760.00. Following the sale, the director now directly owns 15,900 shares in the company, valued at $810,105. The trade was a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,994 shares of company stock worth $1,593,710 in the last three months. 1.10% of the stock is owned by corporate insiders.

Hancock Whitney Price Performance

Shares of NASDAQ:HWC opened at $61.04 on Tuesday. The firm has a 50 day moving average of $53.61 and a 200-day moving average of $50.61. The stock has a market capitalization of $5.25 billion, a PE ratio of 13.69 and a beta of 1.25. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.06. Hancock Whitney Co. has a 12 month low of $39.38 and a 12 month high of $62.40.

Hancock Whitney (NASDAQ:HWC) last issued its earnings results on Tuesday, October 15th. The company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.31 by $0.02. The company had revenue of $525.37 million during the quarter, compared to analysts’ expectations 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 company earned $1.12 EPS. On average, equities research analysts predict that Hancock Whitney Co. will post 5.19 EPS 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 given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend is Thursday, December 5th. Hancock Whitney’s dividend payout ratio is 35.87%.

Analyst Ratings Changes

HWC has been the subject of a number of recent research reports. Truist Financial cut their price objective on shares of Hancock Whitney from $57.00 to $56.00 and set a “hold” rating for the company in a report on Friday, September 20th. DA Davidson boosted their price objective 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. Four 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 company currently has an average rating of “Moderate Buy” and an average target price of $56.89.

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.