15,830 Shares in Hancock Whitney Co. (NASDAQ:HWC) Acquired by B. Metzler seel. Sohn & Co. Holding AG

B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Hancock Whitney Co. (NASDAQ:HWC - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 15,830 shares of the company's stock, valued at approximately $810,000.

A number of other institutional investors have also recently bought and sold shares of HWC. Pathstone Holdings LLC raised its holdings in shares of Hancock Whitney by 7.0% during the third quarter. Pathstone Holdings LLC now owns 32,730 shares of the company's stock worth $1,675,000 after acquiring an additional 2,134 shares during the period. LMR Partners LLP acquired a new stake in shares of Hancock Whitney in the 3rd quarter valued at about $315,000. Quest Partners LLC lifted its holdings in shares of Hancock Whitney by 66.7% in the third quarter. Quest Partners LLC now owns 33,106 shares of the company's stock valued at $1,694,000 after purchasing an additional 13,243 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in shares of Hancock Whitney by 105.7% during the third quarter. Thrivent Financial for Lutherans now owns 74,736 shares of the company's stock worth $3,824,000 after buying an additional 38,398 shares during the period. Finally, Cornercap Investment Counsel Inc. bought a new position in shares of Hancock Whitney during the third quarter worth about $508,000. Institutional investors own 81.22% of the company's stock.

Hancock Whitney Stock Performance

NASDAQ HWC traded up $2.07 during trading on Friday, reaching $59.97. 531,156 shares of the company's stock were exchanged, compared to its average volume of 552,374. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.82 and a quick ratio of 0.81. The business has a 50 day moving average price of $53.39 and a 200-day moving average price of $50.50. 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 Co. has a fifty-two week low of $39.38 and a fifty-two week high of $61.41.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last posted its earnings results on Tuesday, October 15th. The company reported $1.33 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $363.54 million. During the same period in the previous year, the firm earned $1.12 EPS. Sell-side analysts forecast that Hancock Whitney Co. will post 5.19 earnings per share for the current fiscal year.

Hancock Whitney Dividend Announcement

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

Insider Buying and Selling

In related news, CFO Michael M. Achary sold 8,431 shares of the stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $52.55, for a total transaction of $443,049.05. Following the sale, the chief financial officer now 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Carleton Richard Wilkins sold 800 shares of Hancock Whitney stock in a transaction on Monday, October 21st. The shares were sold at an average price of $50.95, for a total value of $40,760.00. Following the completion of the transaction, the director now directly owns 15,900 shares of the company's stock, valued at $810,105. This represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,994 shares of company stock valued at $1,593,710. Company insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on HWC shares. DA Davidson boosted their target price on Hancock Whitney from $62.00 to $65.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. Truist Financial lowered their price objective on shares of Hancock Whitney from $57.00 to $56.00 and set a "hold" rating on the stock in a report on Friday, September 20th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price 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.