Personal Capital Advisors Corp lifted its position in shares of Hancock Whitney Co. (NASDAQ:HWC – Get Rating) by 9.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 219,973 shares of the company's stock after purchasing an additional 18,188 shares during the period. Personal Capital Advisors Corp owned 0.25% of Hancock Whitney worth $11,472,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Allworth Financial LP purchased a new stake in Hancock Whitney during the first quarter worth about $25,000. Steward Partners Investment Advisory LLC increased its holdings in Hancock Whitney by 657.5% during the first quarter. Steward Partners Investment Advisory LLC now owns 606 shares of the company's stock worth $32,000 after buying an additional 526 shares during the last quarter. Covestor Ltd increased its holdings in Hancock Whitney by 81.0% during the first quarter. Covestor Ltd now owns 760 shares of the company's stock worth $40,000 after buying an additional 340 shares during the last quarter. Lazard Asset Management LLC increased its holdings in Hancock Whitney by 151.1% during the first quarter. Lazard Asset Management LLC now owns 904 shares of the company's stock worth $47,000 after buying an additional 544 shares during the last quarter. Finally, Belpointe Asset Management LLC increased its holdings in Hancock Whitney by 14.4% during the first quarter. Belpointe Asset Management LLC now owns 2,916 shares of the company's stock worth $153,000 after buying an additional 367 shares during the last quarter. 79.01% of the stock is owned by institutional investors.
Get
Hancock Whitney alerts:
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on HWC. Truist Financial decreased their price objective on shares of Hancock Whitney from $63.00 to $58.00 in a report on Wednesday, June 15th. Raymond James reduced their target price on shares of Hancock Whitney from $65.00 to $58.00 and set a "strong-buy" rating for the company in a research note on Thursday, July 7th. Piper Sandler lifted their target price on shares of Hancock Whitney to $60.00 in a research note on Friday, July 22nd. StockNews.com upgraded shares of Hancock Whitney from a "hold" rating to a "buy" rating in a research note on Saturday, August 20th. Finally, Jefferies Financial Group reduced their target price on shares of Hancock Whitney from $60.00 to $55.00 and set a "buy" rating for the company in a research note on Monday, July 11th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $58.00.
Hancock Whitney Price Performance
Shares of NASDAQ:HWC opened at $50.07 on Monday. The company has a 50 day moving average of $47.94 and a 200 day moving average of $48.84. The stock has a market cap of $4.29 billion, a P/E ratio of 8.65 and a beta of 1.38. Hancock Whitney Co. has a 12 month low of $41.62 and a 12 month high of $59.82. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.07.
Hancock Whitney (NASDAQ:HWC – Get Rating) last issued its quarterly earnings data on Tuesday, July 19th. The company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.35 by $0.03. Hancock Whitney had a net margin of 38.60% and a return on equity of 14.41%. During the same quarter in the previous year, the company earned $1.37 earnings per share. As a group, sell-side analysts forecast that Hancock Whitney Co. will post 5.85 EPS for the current fiscal year.
Hancock Whitney Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Tuesday, September 6th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, September 2nd. This represents a $1.08 annualized dividend and a yield of 2.16%. Hancock Whitney's payout ratio is presently 18.65%.
Insider Buying and Selling at Hancock Whitney
In other Hancock Whitney news, CEO John M. Hairston sold 26,473 shares of Hancock Whitney stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $47.15, for a total transaction of $1,248,201.95. Following the completion of the sale, the chief executive officer now directly owns 201,633 shares in the company, valued at $9,506,995.95. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Cecil W. Knight, Jr. sold 1,250 shares of the business's stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $49.24, for a total value of $61,550.00. Following the completion of the sale, the insider now directly owns 30,260 shares in the company, valued at approximately $1,490,002.40. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO John M. Hairston sold 26,473 shares of the business's stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $47.15, for a total transaction of $1,248,201.95. Following the completion of the sale, the chief executive officer now owns 201,633 shares of the company's stock, valued at $9,506,995.95. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.
Hancock Whitney Profile
(Get Rating)
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 accepts various deposit products, including noninterest-bearing demand deposits, interest-bearing transaction accounts, savings accounts, money market deposit accounts, and time deposit accounts.
Recommended Stories
- Get a free copy of the StockNews.com research report on Hancock Whitney (HWC)
- Can Electronic Arts Buck the Downturn in Videogaming?
- Dollar General is the Big Fish in Little Ponds Across the U.S.
- Here's Why the CPI Report will Dictate the Market Bottom
- MarketBeat: Week in Review 9/5 – 9/9
- Prepare For A Record-Setting Quarter For Cyber Security Stocks
Want to see what other hedge funds are holding HWC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hancock Whitney Co. (NASDAQ:HWC – Get Rating).
Receive News & Ratings for Hancock Whitney Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hancock Whitney and related companies with MarketBeat.com's FREE daily email newsletter.
