BNP Paribas Financial Markets Has $2.66 Million Stake in Hancock Whitney Co. (NASDAQ:HWC)

BNP Paribas Financial Markets increased its stake in shares of Hancock Whitney Co. (NASDAQ:HWC - Free Report) by 201.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,929 shares of the company's stock after buying an additional 34,719 shares during the quarter. BNP Paribas Financial Markets owned 0.06% of Hancock Whitney worth $2,657,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. AlphaMark Advisors LLC increased its holdings in shares of Hancock Whitney by 5.7% during the second quarter. AlphaMark Advisors LLC now owns 6,622 shares of the company's stock worth $317,000 after buying an additional 356 shares in the last quarter. Blue Trust Inc. increased its holdings in Hancock Whitney by 19.1% during the 3rd quarter. Blue Trust Inc. now owns 2,971 shares of the company's stock valued at $142,000 after purchasing an additional 476 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in Hancock Whitney in the 3rd quarter valued at $28,000. SG Americas Securities LLC boosted its stake in Hancock Whitney by 5.5% in the second quarter. SG Americas Securities LLC now owns 10,865 shares of the company's stock worth $520,000 after purchasing an additional 568 shares in the last quarter. Finally, Trust Point Inc. grew its holdings in shares of Hancock Whitney by 10.6% during 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. Institutional investors and hedge funds own 81.22% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on HWC shares. DA Davidson raised 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. Keefe, Bruyette & Woods lifted their target price on Hancock Whitney from $60.00 to $70.00 and gave the company an "outperform" rating in a research note on Wednesday. Finally, Truist Financial cut their price target on Hancock Whitney from $57.00 to $56.00 and set a "hold" rating on the stock in a research note on Friday, September 20th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, Hancock Whitney presently has an average rating of "Moderate Buy" and an average price target of $58.00.

Hancock Whitney Stock Up 0.7 %

Shares of HWC traded up $0.43 during midday trading on Friday, hitting $58.97. The stock had a trading volume of 302,230 shares, compared to its average volume of 485,847. 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 firm has a market cap of $5.07 billion, a price-to-earnings ratio of 13.22 and a beta of 1.27. The company has a 50 day simple moving average of $55.14 and a two-hundred day simple moving average of $51.29. Hancock Whitney Co. has a twelve month low of $41.19 and a twelve month high of $62.40.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last posted 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 company had revenue of $525.37 million for the quarter, compared to the consensus estimate 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 company earned $1.12 earnings per share. On average, analysts anticipate that Hancock Whitney Co. will post 5.19 EPS for the current year.

Hancock Whitney Announces Dividend

The business also recently disclosed 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 2.71%. The ex-dividend date is Thursday, December 5th. Hancock Whitney's dividend payout ratio is currently 35.87%.

Insider Activity

In other Hancock Whitney news, Director Carleton Richard Wilkins sold 800 shares of the firm's stock in a transaction on Monday, October 21st. The stock was sold at an average price of $50.95, for a total transaction of $40,760.00. Following the completion of the sale, the director now owns 15,900 shares of the company's stock, valued at $810,105. This trade represents a 4.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO John M. Hairston sold 18,000 shares of Hancock Whitney stock in a transaction 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 transaction, the chief executive officer now directly owns 254,026 shares of the company's stock, valued at approximately $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 90 days, insiders sold 27,994 shares of company stock valued at $1,593,710. 1.10% of the stock is owned by insiders.

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.