Entropy Technologies LP Invests $472,000 in Hancock Whitney Co. (NASDAQ:HWC)

Entropy Technologies LP acquired a new stake in Hancock Whitney Co. (NASDAQ:HWC - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 9,221 shares of the company's stock, valued at approximately $472,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Triad Wealth Partners LLC acquired a new position in Hancock Whitney in the 2nd quarter worth approximately $31,000. Mather Group LLC. acquired a new position in Hancock Whitney in the 2nd quarter worth approximately $37,000. Headlands Technologies LLC acquired a new position in Hancock Whitney in the 2nd quarter worth approximately $43,000. CWM LLC increased its holdings in Hancock Whitney by 268.9% in the 2nd 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. acquired a new position in Hancock Whitney in the 2nd quarter worth approximately $63,000. 81.22% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Hancock Whitney

In other Hancock Whitney news, Director Carleton Richard Wilkins sold 800 shares of the firm's stock in a transaction on Monday, October 21st. The stock was sold at an average price of $50.95, for a total value of $40,760.00. Following the transaction, the director now owns 15,900 shares in the company, valued at approximately $810,105. This trade represents a 4.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO John M. Hairston sold 18,000 shares of Hancock Whitney stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $59.44, for a total value of $1,069,920.00. Following the transaction, the chief executive officer now owns 254,026 shares in the company, valued at approximately $15,099,305.44. This represents a 6.62 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,994 shares of company stock worth $1,593,710. Corporate insiders own 1.10% of the company's stock.

Hancock Whitney Price Performance

Hancock Whitney stock traded down $0.96 during trading on Friday, reaching $58.45. The company had a trading volume of 508,068 shares, compared to its average volume of 508,665. The firm's 50-day simple moving average is $52.52 and its 200 day simple moving average is $50.10. Hancock Whitney Co. has a 1-year low of $39.38 and a 1-year high of $61.41. The firm has a market capitalization of $5.03 billion, a PE ratio of 13.11 and a beta of 1.25. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.81 and a current ratio of 0.82.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last released its quarterly earnings results on Tuesday, October 15th. The company reported $1.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.31 by $0.02. Hancock Whitney had a net margin of 19.30% and a return on equity of 11.47%. The firm had revenue of $525.37 million for the quarter, compared to analysts' expectations of $363.54 million. During the same quarter last year, the company earned $1.12 EPS. As a group, equities research analysts anticipate that Hancock Whitney Co. will post 5.2 earnings per share for the current fiscal year.

Hancock Whitney Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Thursday, December 5th will be issued a $0.40 dividend. The ex-dividend date is Thursday, December 5th. This represents a $1.60 dividend on an annualized basis and a yield of 2.74%. Hancock Whitney's payout ratio is currently 35.87%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on HWC shares. DA Davidson raised their price objective on shares of Hancock Whitney from $62.00 to $65.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. Truist Financial dropped their price objective on shares of Hancock Whitney from $57.00 to $56.00 and set a "hold" rating on the stock in a research note on Friday, September 20th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average 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.