Fmr LLC Has $5.90 Million Position in Hancock Whitney Co. (NASDAQ:HWC)

FMR LLC cut its stake in Hancock Whitney Co. (NASDAQ:HWC - Free Report) by 32.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 115,367 shares of the company's stock after selling 56,482 shares during the period. FMR LLC owned about 0.13% of Hancock Whitney worth $5,903,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Harvest Fund Management Co. Ltd bought a new position in Hancock Whitney during the 3rd quarter valued at about $28,000. Triad Wealth Partners LLC acquired a new position in shares of Hancock Whitney in the 2nd quarter worth approximately $31,000. Headlands Technologies LLC bought a new stake in Hancock Whitney during the 2nd quarter worth approximately $43,000. CWM LLC increased its holdings in Hancock Whitney by 268.9% during the 2nd quarter. CWM LLC now owns 985 shares of the company's stock valued at $47,000 after purchasing an additional 718 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in Hancock Whitney during the 2nd quarter valued at $63,000. 81.22% of the stock is owned by institutional investors and hedge funds.

Hancock Whitney Trading Up 0.2 %

Shares of NASDAQ:HWC traded up $0.09 during trading on Friday, hitting $57.78. 383,631 shares of the company's stock were exchanged, compared to its average volume of 503,000. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.06. The firm has a market cap of $4.97 billion, a P/E ratio of 12.93 and a beta of 1.27. The firm has a 50-day moving average price of $55.80 and a two-hundred day moving average price of $51.61. Hancock Whitney Co. has a 1-year low of $41.19 and a 1-year high of $62.40.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $525.37 million for the quarter, compared to analysts' expectations of $363.54 million. Hancock Whitney had a net margin of 19.30% and a return on equity of 11.47%. During the same period last year, the firm earned $1.12 earnings per share. Equities analysts predict that Hancock Whitney Co. will post 5.19 earnings per share for the current year.

Hancock Whitney Announces Dividend

The business 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. This represents a $1.60 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend is Thursday, December 5th. Hancock Whitney's dividend payout ratio (DPR) is currently 35.87%.

Insider Transactions at Hancock Whitney

In related news, Director Carleton Richard Wilkins sold 800 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 15,900 shares in the company, valued at approximately $810,105. The trade was a 4.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John M. Hairston sold 18,000 shares of the firm's stock in a transaction that occurred on 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 sale, the chief executive officer now owns 254,026 shares in the company, valued at $15,099,305.44. This trade represents a 6.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,994 shares of company stock worth $1,593,710. 1.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have recently commented on HWC shares. Truist Financial decreased their target price on Hancock Whitney from $57.00 to $56.00 and set a "hold" rating on the stock in a report on Friday, September 20th. Keefe, Bruyette & Woods increased their price objective on shares of Hancock Whitney from $60.00 to $70.00 and gave the stock an "outperform" rating in a report on Wednesday, December 4th. DA Davidson boosted their target price 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. Finally, Stephens upgraded shares of Hancock Whitney from an "equal weight" rating to an "overweight" rating in a research report on Monday. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Hancock Whitney currently has an average rating of "Moderate Buy" and an average target price of $58.00.

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.