Hancock Whitney Co. (NASDAQ:HWC) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC raised its holdings in Hancock Whitney Co. (NASDAQ:HWC - Free Report) by 1.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,149,648 shares of the company's stock after buying an additional 30,239 shares during the quarter. Geode Capital Management LLC owned about 2.50% of Hancock Whitney worth $110,016,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Blue Trust Inc. grew its holdings in shares of Hancock Whitney by 19.1% during the third quarter. Blue Trust Inc. now owns 2,971 shares of the company's stock valued at $142,000 after buying an additional 476 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in Hancock Whitney during the 3rd quarter valued at about $28,000. SG Americas Securities LLC increased its holdings in shares of Hancock Whitney by 5.5% in the second quarter. SG Americas Securities LLC now owns 10,865 shares of the company's stock valued at $520,000 after purchasing an additional 568 shares during the period. Trust Point Inc. raised its stake in shares of Hancock Whitney by 10.6% in the third quarter. Trust Point Inc. now owns 6,005 shares of the company's stock worth $307,000 after purchasing an additional 577 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Hancock Whitney by 3.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,147 shares of the company's stock worth $868,000 after purchasing an additional 618 shares during the period. Institutional investors and hedge funds own 81.22% of the company's stock.

Hancock Whitney Price Performance

Shares of Hancock Whitney stock traded down $0.44 during trading hours on Thursday, reaching $53.25. The stock had a trading volume of 678,890 shares, compared to its average volume of 504,211. The stock's 50 day moving average is $56.29 and its 200 day moving average is $51.95. 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 twelve month low of $41.19 and a twelve month high of $62.40. The firm has a market capitalization of $4.58 billion, a PE ratio of 11.94 and a beta of 1.27.

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 for the quarter, topping analysts' consensus estimates of $1.31 by $0.02. The company had revenue of $525.37 million during the quarter, compared to analysts' expectations of $363.54 million. Hancock Whitney had a return on equity of 11.47% and a net margin of 19.30%. During the same quarter in the prior year, the firm posted $1.12 EPS. Equities analysts expect that Hancock Whitney Co. will post 5.19 earnings per share for the current fiscal year.

Hancock Whitney Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Thursday, December 5th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.00%. Hancock Whitney's dividend payout ratio (DPR) is 35.87%.

Insider Activity

In other Hancock Whitney news, CFO Michael M. Achary sold 8,431 shares of the business's 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 completion of the sale, the chief financial officer now directly owns 54,380 shares in the company, valued at approximately $2,857,669. The trade was a 13.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Carleton Richard Wilkins sold 800 shares of the firm's stock in a transaction that occurred 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 owns 15,900 shares in the company, valued at approximately $810,105. This trade represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,994 shares of company stock worth $1,593,710 in the last quarter. Corporate insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

HWC has been the topic of several research reports. Truist Financial cut their price target 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. 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 research note on Wednesday, December 4th. Stephens upgraded shares of Hancock Whitney from an "equal weight" rating to an "overweight" rating in a research report on Monday, December 9th. Finally, DA Davidson upped their price target on shares of Hancock Whitney from $62.00 to $65.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, Hancock Whitney currently has a consensus rating of "Moderate Buy" and a consensus target price of $58.00.

About Hancock Whitney

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.