Algert Global LLC Has $5.81 Million Position in Hancock Whitney Co. (NASDAQ:HWC)

Algert Global LLC decreased its stake in Hancock Whitney Co. (NASDAQ:HWC - Free Report) by 17.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 113,440 shares of the company's stock after selling 23,580 shares during the period. Algert Global LLC owned approximately 0.13% of Hancock Whitney worth $5,805,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Triad Wealth Partners LLC acquired a new stake in shares of Hancock Whitney in the second quarter worth $31,000. Mather Group LLC. acquired a new stake in Hancock Whitney during the second quarter worth $37,000. Headlands Technologies LLC acquired a new stake in Hancock Whitney during the second quarter worth $43,000. CWM LLC boosted its stake in Hancock Whitney by 268.9% during the second quarter. CWM LLC now owns 985 shares of the company's stock worth $47,000 after buying an additional 718 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in Hancock Whitney during the second quarter worth $63,000. Institutional investors and hedge funds own 81.22% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. DA Davidson lifted their price target 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 cut their price objective on Hancock Whitney from $57.00 to $56.00 and set a "hold" rating for the company in a report on Friday, September 20th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Hancock Whitney currently has a consensus rating of "Moderate Buy" and an average target price of $56.89.

Insider Activity at Hancock Whitney

In other Hancock Whitney news, CEO John M. Hairston sold 18,000 shares of the business's stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $59.44, for a total transaction of $1,069,920.00. Following the completion of the sale, the chief executive officer now directly owns 254,026 shares of the company's stock, valued at approximately $15,099,305.44. The trade was a 6.62 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Michael M. Achary sold 8,431 shares of the business's stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $52.55, for a total value of $443,049.05. Following the sale, the chief financial officer now directly owns 54,380 shares of the company's stock, valued at $2,857,669. This represents a 13.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,994 shares of company stock valued at $1,593,710 over the last ninety days. 1.10% of the stock is owned by insiders.

Hancock Whitney Price Performance

Shares of Hancock Whitney stock traded up $2.07 during trading on Friday, reaching $59.97. The company's stock had a trading volume of 531,156 shares, compared to its average volume of 552,374. The stock has a 50-day moving average price of $53.39 and a two-hundred day moving average price of $50.50. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.06. Hancock Whitney Co. has a one year low of $39.38 and a one year high of $61.41. The stock has a market capitalization of $5.16 billion, a P/E ratio of 13.45 and a beta of 1.25.

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 return on equity of 11.47% and a net margin of 19.30%. The business had revenue of $525.37 million during the quarter, compared to analysts' expectations of $363.54 million. During the same period in the previous year, the business posted $1.12 earnings per share. As a group, sell-side analysts anticipate that Hancock Whitney Co. will post 5.19 EPS for the current fiscal year.

Hancock Whitney Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Thursday, December 5th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.67%. Hancock Whitney's dividend payout ratio is 35.87%.

Hancock Whitney 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.