Hancock Whitney Co. (NASDAQ:HWC) CEO Sells $1,069,920.00 in Stock

Hancock Whitney Co. (NASDAQ:HWC - Get Free Report) CEO John M. Hairston sold 18,000 shares of the company's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $59.44, for a total transaction of $1,069,920.00. Following the completion of the transaction, the chief executive officer now owns 254,026 shares in the company, valued at approximately $15,099,305.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Hancock Whitney Price Performance

NASDAQ:HWC traded up $0.13 during mid-day trading on Friday, reaching $58.63. The stock had a trading volume of 530,659 shares, compared to its average volume of 564,583. Hancock Whitney Co. has a 12 month low of $36.70 and a 12 month high of $61.01. The stock has a market capitalization of $5.06 billion, a PE ratio of 13.15 and a beta of 1.25. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.79 and a quick ratio of 0.79. The stock has a 50-day simple moving average of $51.77 and a two-hundred day simple moving average of $49.64.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last issued its quarterly earnings results on Tuesday, October 15th. The company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.02. Hancock Whitney had a return on equity of 11.47% and a net margin of 19.30%. The company had revenue of $525.37 million for the quarter, compared to analyst estimates of $363.54 million. During the same quarter last year, the company posted $1.12 EPS. On average, equities analysts anticipate that Hancock Whitney Co. will post 5.19 earnings per share for the current year.

Hancock Whitney Dividend Announcement

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 paid 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 2.73%. Hancock Whitney's payout ratio is presently 35.87%.

Analyst Ratings Changes

Several research firms recently issued reports on HWC. Piper Sandler boosted their price target on Hancock Whitney from $52.00 to $62.00 and gave the company an "overweight" rating in a research note on Wednesday, July 17th. DA Davidson boosted their target price on shares of Hancock Whitney from $62.00 to $65.00 and gave the company a "buy" rating in a research report on Wednesday, October 16th. Truist Financial lowered their price target on shares of Hancock Whitney from $57.00 to $56.00 and set a "hold" rating on the stock in a research report on Friday, September 20th. Hovde Group boosted their price objective on shares of Hancock Whitney from $55.00 to $62.00 and gave the company an "outperform" rating in a report on Wednesday, July 17th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Hancock Whitney from $55.00 to $60.00 and gave the stock an "outperform" rating in a report on Wednesday, July 17th. Four 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 company presently has an average rating of "Moderate Buy" and an average target price of $56.89.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. BNP Paribas Financial Markets boosted its stake in shares of Hancock Whitney by 96.6% during the first quarter. BNP Paribas Financial Markets now owns 51,361 shares of the company's stock valued at $2,365,000 after purchasing an additional 25,241 shares in the last quarter. GSA Capital Partners LLP boosted its position in Hancock Whitney by 280.5% during the 1st quarter. GSA Capital Partners LLP now owns 16,827 shares of the company's stock worth $775,000 after buying an additional 12,405 shares during the period. Texas Permanent School Fund Corp grew its holdings in Hancock Whitney by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 75,398 shares of the company's stock worth $3,471,000 after acquiring an additional 1,008 shares during the last quarter. Quantbot Technologies LP acquired a new position in Hancock Whitney in the 1st quarter valued at approximately $1,159,000. Finally, SG Americas Securities LLC raised its stake in shares of Hancock Whitney by 101.9% during the first quarter. SG Americas Securities LLC now owns 10,297 shares of the company's stock valued at $474,000 after acquiring an additional 5,197 shares during the last quarter. 81.22% of the stock is currently owned by institutional investors.

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.