Cornercap Investment Counsel Inc. Buys Shares of 9,921 Hancock Whitney Co. (NASDAQ:HWC)

Cornercap Investment Counsel Inc. purchased a new stake in shares of Hancock Whitney Co. (NASDAQ:HWC - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 9,921 shares of the company's stock, valued at approximately $508,000.

Several other institutional investors also recently modified their holdings of HWC. Triad Wealth Partners LLC purchased a new position in shares of Hancock Whitney during the 2nd quarter valued at about $31,000. Mather Group LLC. bought a new position in Hancock Whitney during the second quarter valued at approximately $37,000. Headlands Technologies LLC purchased a new position in shares of Hancock Whitney during the second quarter worth approximately $43,000. CWM LLC lifted its holdings in shares of Hancock Whitney by 268.9% in the 2nd quarter. CWM LLC now owns 985 shares of the company's stock worth $47,000 after acquiring an additional 718 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Hancock Whitney in the 2nd quarter valued at $63,000. 81.22% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on HWC shares. Truist Financial lowered their price target on shares of Hancock Whitney from $57.00 to $56.00 and set a "hold" rating for the company in a research note on Friday, September 20th. 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. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $56.89.

Hancock Whitney Trading Down 1.6 %

HWC stock traded down $0.96 on Friday, reaching $58.45. The company's stock had a trading volume of 508,068 shares, compared to its average volume of 565,245. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.81 and a current ratio of 0.82. The business has a fifty day simple moving average of $52.52 and a two-hundred day simple moving average of $50.16. The firm has a market cap of $5.03 billion, a PE ratio of 13.11 and a beta of 1.25. Hancock Whitney Co. has a 12-month low of $39.38 and a 12-month high of $61.41.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last announced its earnings results on Tuesday, October 15th. The company reported $1.33 earnings per share 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 analyst estimates of $363.54 million. During the same quarter in the previous year, the firm posted $1.12 EPS. As a group, research analysts forecast that Hancock Whitney Co. will post 5.2 EPS for the current year.

Hancock Whitney Dividend Announcement

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

Insider Transactions at Hancock Whitney

In other news, Director Christine L. Pickering sold 763 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $52.40, for a total value of $39,981.20. Following the sale, the director now directly owns 23,518 shares of the company's stock, valued at approximately $1,232,343.20. This represents a 3.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Carleton Richard Wilkins sold 800 shares of Hancock Whitney stock in a transaction dated Monday, October 21st. The stock was 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 approximately $810,105. This represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,994 shares of company stock valued at $1,593,710. Corporate insiders own 1.10% of the company's stock.

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.