Keybank National Association OH Purchases 60,318 Shares of Hancock Whitney Corporation $HWC

Keybank National Association OH acquired a new stake in Hancock Whitney Corporation (NASDAQ:HWC) in the third quarter, HoldingsChannel reports. The institutional investor acquired 60,318 shares of the company’s stock, valued at approximately $4,345,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vise Technologies Inc. increased its stake in Hancock Whitney by 36.3% in the third quarter. Vise Technologies Inc. now owns 14,062 shares of the company’s stock valued at $1,013,000 after acquiring an additional 3,746 shares during the period. Choreo LLC raised its position in Hancock Whitney by 2.2% in the third quarter. Choreo LLC now owns 10,453 shares of the company’s stock worth $753,000 after purchasing an additional 226 shares in the last quarter. Signaturefd LLC lifted its stake in Hancock Whitney by 23.0% during the third quarter. Signaturefd LLC now owns 1,616 shares of the company’s stock worth $116,000 after purchasing an additional 302 shares during the period. Root Financial Partners LLC bought a new position in Hancock Whitney during the third quarter worth about $55,000. Finally, Abel Hall LLC lifted its stake in Hancock Whitney by 1.5% during the third quarter. Abel Hall LLC now owns 9,984 shares of the company’s stock worth $719,000 after purchasing an additional 149 shares during the period. 81.22% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Hancock Whitney news, insider Emory L. Mayfield, Jr. sold 4,990 shares of the company’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $76.40, for a total transaction of $381,236.00. Following the completion of the sale, the insider owned 15,565 shares in the company, valued at approximately $1,189,166. The trade was a 24.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.92% of the company’s stock.

Hancock Whitney Stock Down 10.2%

Shares of NASDAQ HWC opened at $65.00 on Friday. Hancock Whitney Corporation has a 1 year low of $55.76 and a 1 year high of $80.13. The firm’s 50-day moving average is $73.09 and its 200-day moving average is $71.04. The company has a current ratio of 0.82, a quick ratio of 0.80 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $5.17 billion, a PE ratio of 13.08 and a beta of 0.98.

Hancock Whitney (NASDAQ:HWC) last posted its quarterly earnings results on Tuesday, October 20th. The company reported $1.66 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.66. Hancock Whitney had a net margin of 20.51% and a return on equity of 11.65%. The business had revenue of $421.91 million during the quarter, compared to the consensus estimate of $421.75 million. During the same period in the previous year, the firm posted $1.49 earnings per share. Equities analysts expect that Hancock Whitney Corporation will post 6.42 EPS for the current year.

Hancock Whitney Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Friday, December 4th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Friday, December 4th. Hancock Whitney’s payout ratio is currently 40.24%.

Wall Street Analyst Weigh In

HWC has been the topic of a number of recent research reports. Piper Sandler lifted their price objective on Hancock Whitney from $87.00 to $88.00 and gave the company an “overweight” rating in a report on Wednesday, October 21st. Wall Street Zen raised Hancock Whitney from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Citigroup cut their target price on Hancock Whitney from $87.00 to $86.00 and set a “buy” rating for the company in a research report on Tuesday, September 22nd. Keefe, Bruyette & Woods cut their target price on Hancock Whitney from $80.00 to $79.00 and set a “market perform” rating for the company in a research report on Wednesday, October 21st. Finally, Weiss Ratings raised Hancock Whitney from a “hold (c+)” rating to a “buy (b)” rating in a research note on Friday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $84.56.

Hancock Whitney News Summary

These are some of the HWC news items that stood out recently:

• Neutral Sentiment: Hancock Whitney agreed to acquire Trustmark Corporation in an approximately $3.2 billion all-stock deal. The transaction could expand the company’s scale, but its ultimate effect on shareholder value will depend on the terms, execution, and benefits of combining the banks. Hancock Whitney to buy Trustmark in $3.2B deal
• Negative Sentiment: Shareholder-rights law firm Halper Sadeh said it is investigating whether Hancock Whitney is obtaining a fair price for shareholders. The announcement is an inquiry, not a finding of wrongdoing, but it may add uncertainty around the transaction. HWC Stock Alert: Halper Sadeh LLC is Investigating Whether Hancock Whitney Corporation is Obtaining a Fair Price for its Shareholders
• Negative Sentiment: Zacks Research lowered several quarterly and annual earnings estimates, including its FY2027 forecast to $7.12 per share from $7.22 and FY2028 to $7.68 from $7.72. The firm maintained a Hold rating; these modest cuts may weigh on sentiment, though the estimates predate the acquisition announcement. Zacks Research earnings estimate updates

Hancock Whitney Company Profile

Hancock Whitney is a bank holding company headquartered in Gulfport, Mississippi, whose principal subsidiary is Hancock Whitney Bank. The company provides personal and business banking services, including deposit accounts, loans, treasury management, mortgage lending, and online and mobile banking. It also offers wealth management, trust, and investment services. The bank serves customers across the Gulf South, with operations in Mississippi, Louisiana, Alabama, Florida, and Texas. Its history includes roots in Hancock County Bank, founded in Bay St. Louis, Mississippi, in 1899, and Whitney National Bank, established in New Orleans in 1883.