Carleton Richard Wilkins Sells 800 Shares of Hancock Whitney Co. (NASDAQ:HWC) Stock

Hancock Whitney Co. (NASDAQ:HWC) Director Carleton Richard Wilkins sold 800 shares of Hancock Whitney stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $50.95, for a total transaction of $40,760.00. Following the sale, the director now 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Hancock Whitney Stock Performance

Shares of HWC stock opened at $51.33 on Thursday. The company has a market capitalization of $4.45 billion, a P/E ratio of 11.92 and a beta of 1.26. Hancock Whitney Co. has a fifty-two week low of $32.16 and a fifty-two week high of $57.78. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a 50 day moving average price of $51.08 and a two-hundred day moving average price of $48.78.

Hancock Whitney (NASDAQ:HWC) last issued its earnings results on Tuesday, October 15th. The company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.31 by $0.02. The company had revenue of $525.37 million for the quarter, compared to the consensus estimate of $363.54 million. Hancock Whitney had a net margin of 18.63% and a return on equity of 11.51%. During the same period in the previous year, the firm earned $1.12 earnings per share. Analysts expect that Hancock Whitney Co. will post 5.14 earnings per share for the current year.

Hancock Whitney Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Thursday, September 5th were paid a $0.40 dividend. The ex-dividend date was Thursday, September 5th. This represents a $1.60 annualized dividend and a dividend yield of 3.12%. Hancock Whitney’s payout ratio is presently 37.30%.

Institutional Inflows and Outflows

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

Wall Street Analysts Forecast Growth

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

Hancock Whitney Company 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.