Christine L. Pickering Sells 615 Shares of Hancock Whitney Co. (NASDAQ:HWC) Stock

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.

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 15th. Shareholders of record on Monday, March 8th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date was Friday, March 5th. Hancock Whitney’s payout ratio is 26.93%.

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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