Hancock Whitney (NASDAQ:HWC) Insider Emory Mayfield, Jr. Sells 4,990 Shares

Hancock Whitney Corporation (NASDAQ:HWC) insider Emory Mayfield, Jr. sold 4,990 shares of the business’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $76.40, for a total value of $381,236.00. Following the sale, the insider owned 15,565 shares of the company’s stock, valued at approximately $1,189,166. The trade was a 24.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Hancock Whitney Trading Down 0.4%

Shares of NASDAQ HWC opened at $75.38 on Friday. The company’s 50 day simple moving average is $75.69 and its 200 day simple moving average is $70.15. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.82 and a quick ratio of 0.82. Hancock Whitney Corporation has a fifty-two week low of $54.05 and a fifty-two week high of $80.13. The firm has a market capitalization of $6.05 billion, a P/E ratio of 14.78 and a beta of 0.95.

Hancock Whitney (NASDAQ:HWC) last issued its quarterly earnings data on Tuesday, July 21st. The company reported $1.55 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.55. Hancock Whitney had a net margin of 21.81% and a return on equity of 11.36%. The firm had revenue of $403.57 million during the quarter, compared to analysts’ expectations of $398.89 million. During the same quarter in the previous year, the company earned $1.37 earnings per share. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, analysts predict that Hancock Whitney Corporation will post 6.44 EPS for the current year.

Hancock Whitney Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, September 4th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Friday, September 4th. Hancock Whitney’s dividend payout ratio (DPR) is currently 39.22%.

Hedge Funds Weigh In On Hancock Whitney

Several hedge funds and other institutional investors have recently made changes to their positions in HWC. WINTON GROUP Ltd bought a new stake in shares of Hancock Whitney in the 4th quarter valued at about $6,070,000. Bank of America Corp DE increased its position in Hancock Whitney by 16.4% during the first quarter. Bank of America Corp DE now owns 807,585 shares of the company’s stock worth $51,354,000 after buying an additional 114,029 shares during the last quarter. Quantinno Capital Management LP increased its position in Hancock Whitney by 139.9% during the first quarter. Quantinno Capital Management LP now owns 47,921 shares of the company’s stock worth $3,047,000 after buying an additional 27,942 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in Hancock Whitney in the first quarter valued at approximately $1,714,000. Finally, Dimensional Fund Advisors LP raised its stake in Hancock Whitney by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 4,790,954 shares of the company’s stock valued at $304,652,000 after buying an additional 21,655 shares during the period. 81.22% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Piper Sandler reaffirmed an “overweight” rating and set a $87.00 price target on shares of Hancock Whitney in a research report on Wednesday, July 22nd. Benchmark boosted their price objective on shares of Hancock Whitney from $84.00 to $91.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Wall Street Zen upgraded shares of Hancock Whitney from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Hovde Group cut shares of Hancock Whitney from an “outperform” rating to a “market perform” rating and set a $74.00 price target on the stock. in a research report on Friday, June 12th. Finally, Raymond James Financial restated a “strong-buy” rating and issued a $87.00 price objective on shares of Hancock Whitney in a report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Hancock Whitney presently has a consensus rating of “Moderate Buy” and an average target price of $83.78.

Hancock Whitney Company Profile

Hancock Whitney Corporation (NASDAQ: HWC) is a regional financial services company headquartered in Gulfport, Mississippi. The firm was established in April 2019 through the merger of Hancock Holding Company and Whitney Holding Corporation, each of which traced its roots to the late 19th century. This combination created one of the largest bank holding companies in the Gulf South region, with a network of branches serving both urban and rural communities.

The company’s core business activities include commercial banking, retail banking and wealth management services.