Hancock Whitney Co. (NASDAQ:HWC) Shares Purchased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC raised its stake in Hancock Whitney Co. (NASDAQ:HWC - Free Report) by 179.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,332 shares of the company's stock after acquiring an additional 16,916 shares during the period. Los Angeles Capital Management LLC's holdings in Hancock Whitney were worth $1,347,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of HWC. Summit Global Investments bought a new stake in Hancock Whitney in the 3rd quarter worth approximately $1,445,000. Hibernia Wealth Partners LLC bought a new stake in shares of Hancock Whitney in the 3rd quarter worth about $669,000. State of Alaska Department of Revenue raised its position in shares of Hancock Whitney by 7.3% during the 3rd quarter. State of Alaska Department of Revenue now owns 9,985 shares of the company's stock valued at $510,000 after buying an additional 680 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in Hancock Whitney in the third quarter worth about $251,000. Finally, DMC Group LLC increased its stake in Hancock Whitney by 53.9% during the third quarter. DMC Group LLC now owns 8,505 shares of the company's stock worth $435,000 after acquiring an additional 2,980 shares during the last quarter. Hedge funds and other institutional investors own 81.22% of the company's stock.

Insiders Place Their Bets

In other Hancock Whitney news, Director Carleton Richard Wilkins sold 800 shares of the company'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 in the company, valued at $810,105. This represents a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christine L. Pickering sold 763 shares of Hancock Whitney stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $52.40, for a total value of $39,981.20. Following the completion of the transaction, the director now owns 23,518 shares in the company, valued at $1,232,343.20. This represents a 3.14 % 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 research firms have recently weighed in on HWC. 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 report on Wednesday, October 16th. Truist Financial cut their price objective 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. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $56.89.

Hancock Whitney Trading Down 1.8 %

Shares of NASDAQ HWC traded down $1.09 during mid-day trading on Friday, reaching $58.32. The company had a trading volume of 160,877 shares, compared to its average volume of 507,101. Hancock Whitney Co. has a 52 week low of $39.38 and a 52 week high of $61.41. The business's 50-day moving average is $52.35 and its 200-day moving average is $50.02. The stock has a market cap of $5.02 billion, a price-to-earnings ratio of 13.32 and a beta of 1.25. 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 (NASDAQ:HWC - Get Free Report) last issued its earnings results on Tuesday, October 15th. The company reported $1.33 EPS for the quarter, topping analysts' consensus estimates of $1.31 by $0.02. The business had revenue of $525.37 million for the quarter, compared to analyst estimates 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 posted $1.12 earnings per share. Equities analysts expect that Hancock Whitney Co. will post 5.2 earnings per share for the current year.

Hancock Whitney Announces Dividend

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 given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend is Thursday, December 5th. Hancock Whitney's dividend payout ratio (DPR) is presently 35.87%.

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.