Carleton Richard Wilkins Sells 800 Shares of Hancock Whitney Co. (NASDAQ:HWC) Stock

Hancock Whitney Co. (NASDAQ:HWC - Get Free Report) Director Carleton Richard Wilkins sold 800 shares of the firm's stock in a transaction 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 sale, the director now directly owns 15,900 shares of the company's stock, valued at approximately $810,105. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Hancock Whitney Stock Performance

Hancock Whitney stock traded up $0.73 during mid-day trading on Tuesday, reaching $51.69. 355,760 shares of the company traded hands, compared to its average volume of 502,903. The firm's fifty day moving average is $51.08 and its two-hundred day moving average is $48.78. Hancock Whitney Co. has a fifty-two week low of $32.16 and a fifty-two week high of $57.78. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market capitalization of $4.48 billion, a price-to-earnings ratio of 12.05 and a beta of 1.26.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last announced its quarterly earnings results on Tuesday, October 15th. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.02. Hancock Whitney had a return on equity of 11.51% and a net margin of 18.63%. The company had revenue of $525.37 million during the quarter, compared to analysts' expectations of $363.54 million. During the same period last year, the business earned $1.12 earnings per share. On average, equities research analysts expect that Hancock Whitney Co. will post 5.14 earnings per share for the current fiscal year.

Hancock Whitney Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Thursday, September 5th were given a $0.40 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.10%. Hancock Whitney's dividend payout ratio (DPR) is presently 37.30%.

Hedge Funds Weigh In On Hancock Whitney

Several institutional investors and hedge funds have recently bought and sold shares of HWC. Retirement Systems of Alabama increased its holdings in Hancock Whitney by 0.3% in the first quarter. Retirement Systems of Alabama now owns 108,183 shares of the company's stock valued at $4,981,000 after buying an additional 284 shares during the last quarter. AlphaMark Advisors LLC boosted its position in 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 purchasing an additional 356 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Hancock Whitney by 19.1% in the 3rd quarter. Blue Trust Inc. now owns 2,971 shares of the company's stock worth $142,000 after buying an additional 476 shares in the last quarter. State of Michigan Retirement System lifted its holdings in shares of Hancock Whitney by 2.4% in the first quarter. State of Michigan Retirement System now owns 21,140 shares of the company's stock valued at $973,000 after purchasing an additional 500 shares in the last quarter. Finally, SG Americas Securities LLC grew its position 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 last quarter. 81.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on HWC shares. Hovde Group upped their price objective on shares of Hancock Whitney from $55.00 to $62.00 and gave the company an "outperform" rating in a research note on Wednesday, July 17th. DA Davidson boosted their price objective 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. Piper Sandler increased their target price on Hancock Whitney from $52.00 to $62.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 17th. Keefe, Bruyette & Woods lifted their price target on shares of Hancock Whitney from $55.00 to $60.00 and gave the company an "outperform" rating in a research report on Wednesday, July 17th. Finally, Truist Financial dropped 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. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $56.89.

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.