Hancock Whitney Co. (NASDAQ:HWC) Director Christine L. Pickering sold 615 shares of Hancock Whitney stock in a transaction that occurred on Tuesday, May 11th. The shares were sold at an average price of $49.54, for a total value of $30,467.10. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
NASDAQ:HWC traded down $1.86 during trading hours on Wednesday, reaching $47.41. The stock had a trading volume of 517,124 shares, compared to its average volume of 463,550. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.80 and a current ratio of 0.80. Hancock Whitney Co. has a 52 week low of $14.88 and a 52 week high of $50.28. The company has a 50 day moving average price of $44.06 and a two-hundred day moving average price of $37.75. The stock has a market capitalization of $4.12 billion, a PE ratio of -69.39, a PEG ratio of 1.53 and a beta of 1.60.
Hancock Whitney (NASDAQ:HWC) last released its quarterly earnings data on Monday, April 19th. The company reported $1.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.24. Hancock Whitney had a negative return on equity of 1.58% and a negative net margin of 4.01%. The business had revenue of $321.68 million for the quarter, compared to the consensus estimate of $314.28 million. During the same quarter in the previous year, the company posted ($1.28) EPS. Equities research analysts predict that Hancock Whitney Co. will post -0.83 EPS for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fifth Third Bancorp increased its position in shares of Hancock Whitney by 84.5% during the 1st quarter. Fifth Third Bancorp now owns 655 shares of the company’s stock valued at $28,000 after purchasing an additional 300 shares during the last quarter. Arlington Partners LLC bought a new position in shares of Hancock Whitney during the 1st quarter valued at approximately $57,000. Toronto Dominion Bank bought a new position in shares of Hancock Whitney during the 4th quarter valued at approximately $61,000. Fieldpoint Private Securities LLC increased its position in shares of Hancock Whitney by 320.0% during the 1st quarter. Fieldpoint Private Securities LLC now owns 2,121 shares of the company’s stock valued at $89,000 after purchasing an additional 1,616 shares during the last quarter. Finally, Carolina Wealth Advisors LLC bought a new position in shares of Hancock Whitney during the 1st quarter valued at approximately $107,000. 73.41% of the stock is currently owned by hedge funds and other institutional investors.
HWC has been the topic of several recent analyst reports. TheStreet raised Hancock Whitney from a “c” rating to a “b” rating in a research note on Tuesday, April 20th. Zacks Investment Research raised Hancock Whitney from a “hold” rating to a “strong-buy” rating and set a $52.00 target price on the stock in a research note on Monday, April 26th. Finally, Raymond James lifted their target price on Hancock Whitney from $51.00 to $52.00 and gave the company a “strong-buy” rating in a research note on Tuesday, April 27th. One research analyst has rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. Hancock Whitney presently has an average rating of “Buy” and an average target price of $36.14.
About Hancock Whitney
Hancock Whitney Corporation operates as the bank holding company for Hancock Whitney Bank that provides a range of banking products and services to commercial, small business, and retail customers. The company accepts various deposit products, such as noninterest-bearing demand deposits, interest-bearing transaction accounts, savings accounts, money market deposit accounts, and time deposit accounts.
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