Pathstone Holdings LLC Increases Stake in Hancock Whitney Co. (NASDAQ:HWC)

Pathstone Holdings LLC increased its position in shares of Hancock Whitney Co. (NASDAQ:HWC) by 7.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 32,730 shares of the company’s stock after purchasing an additional 2,134 shares during the period. Pathstone Holdings LLC’s holdings in Hancock Whitney were worth $1,675,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its position in shares of Hancock Whitney by 3.5% during the second quarter. Dimensional Fund Advisors LP now owns 4,980,204 shares of the company’s stock worth $238,197,000 after purchasing an additional 167,304 shares during the last quarter. American Century Companies Inc. lifted its holdings in Hancock Whitney by 20.4% during the 2nd quarter. American Century Companies Inc. now owns 1,401,113 shares of the company’s stock valued at $67,015,000 after buying an additional 237,526 shares in the last quarter. Hancock Whitney Corp boosted its position in Hancock Whitney by 30.9% in the 2nd quarter. Hancock Whitney Corp now owns 1,069,223 shares of the company’s stock valued at $51,141,000 after buying an additional 252,473 shares during the period. Millennium Management LLC grew its stake in Hancock Whitney by 20.9% in the 2nd quarter. Millennium Management LLC now owns 780,882 shares of the company’s stock worth $37,350,000 after acquiring an additional 135,076 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Hancock Whitney by 213.7% during the second quarter. AQR Capital Management LLC now owns 735,790 shares of the company’s stock worth $34,663,000 after acquiring an additional 501,259 shares during the period. 81.22% of the stock is currently owned by institutional investors.

Hancock Whitney Stock Down 0.7 %

Shares of Hancock Whitney stock opened at $59.94 on Thursday. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.06. The company has a market cap of $5.16 billion, a P/E ratio of 13.44 and a beta of 1.25. The firm’s 50 day moving average price is $53.99 and its 200-day moving average price is $50.76. Hancock Whitney Co. has a 52-week low of $39.38 and a 52-week high of $62.40.

Hancock Whitney (NASDAQ:HWC) last released its quarterly earnings results on Tuesday, October 15th. The company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $363.54 million. During the same period in the previous year, the company earned $1.12 earnings per share. On average, sell-side analysts predict that Hancock Whitney Co. will post 5.19 EPS for the current fiscal year.

Hancock Whitney Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 2.67%. The ex-dividend date is Thursday, December 5th. Hancock Whitney’s dividend payout ratio is currently 35.87%.

Analyst Upgrades and Downgrades

HWC has been the subject of a number of research reports. Truist Financial lowered their price target on 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 increased their price target on Hancock Whitney from $62.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Hancock Whitney currently has a consensus rating of “Moderate Buy” and an average target price of $56.89.

Insider Buying and Selling at Hancock Whitney

In related news, CEO John M. Hairston sold 18,000 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $59.44, for a total value of $1,069,920.00. Following the transaction, the chief executive officer now directly owns 254,026 shares of the company’s stock, valued at $15,099,305.44. This represents a 6.62 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Michael M. Achary sold 8,431 shares of the firm’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $52.55, for a total value of $443,049.05. Following the completion of the transaction, the chief financial officer now owns 54,380 shares of the company’s stock, valued at $2,857,669. This trade represents a 13.42 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,994 shares of company stock worth $1,593,710. 1.10% of the stock is owned by insiders.

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.