Hibernia Wealth Partners LLC Purchases New Position in Hancock Whitney Co. (NASDAQ:HWC)

Hibernia Wealth Partners LLC acquired a new position in Hancock Whitney Co. (NASDAQ:HWC - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 13,064 shares of the company's stock, valued at approximately $669,000.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in Hancock Whitney by 0.4% in the first quarter. Vanguard Group Inc. now owns 9,226,780 shares of the company's stock valued at $424,801,000 after buying an additional 34,152 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Hancock Whitney by 3.5% in the second quarter. Dimensional Fund Advisors LP now owns 4,980,204 shares of the company's stock valued at $238,197,000 after buying an additional 167,304 shares during the period. American Century Companies Inc. lifted its holdings in Hancock Whitney by 20.4% in the second quarter. American Century Companies Inc. now owns 1,401,113 shares of the company's stock valued at $67,015,000 after buying an additional 237,526 shares during the period. Hancock Whitney Corp lifted its holdings in Hancock Whitney by 30.9% in the second quarter. Hancock Whitney Corp now owns 1,069,223 shares of the company's stock valued at $51,141,000 after buying an additional 252,473 shares during the period. Finally, Millennium Management LLC lifted its holdings in Hancock Whitney by 20.9% in the second quarter. Millennium Management LLC now owns 780,882 shares of the company's stock valued at $37,350,000 after buying an additional 135,076 shares during the period. Institutional investors own 81.22% of the company's stock.

Hancock Whitney Stock Performance

Shares of Hancock Whitney stock traded up $1.48 on Monday, reaching $53.07. 468,329 shares of the company traded hands, compared to its average volume of 505,245. Hancock Whitney Co. has a 52 week low of $33.32 and a 52 week high of $57.78. The company has a 50 day moving average of $51.23 and a 200 day moving average of $48.94. The firm has a market capitalization of $4.58 billion, a PE ratio of 11.57 and a beta of 1.26. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.79 and a quick ratio of 0.79.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last announced its quarterly earnings results on Tuesday, October 15th. The company reported $1.33 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 analysts' expectations 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 in the prior year, the company posted $1.12 EPS. Equities analysts forecast that Hancock Whitney Co. will post 5.19 earnings per share for the current year.

Hancock Whitney Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors 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 3.01%. The ex-dividend date of this dividend is Thursday, December 5th. Hancock Whitney's payout ratio is currently 35.87%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HWC. DA Davidson upped their price objective 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. Piper Sandler upped their price objective on shares of Hancock Whitney from $52.00 to $62.00 and gave the company an "overweight" rating in a report on Wednesday, July 17th. Keefe, Bruyette & Woods upped their price objective on shares of Hancock Whitney from $55.00 to $60.00 and gave the company an "outperform" rating in a report on Wednesday, July 17th. Jefferies Financial Group dropped their price objective on shares of Hancock Whitney from $48.00 to $47.00 and set a "hold" rating on the stock in a report on Wednesday, July 3rd. Finally, 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 report on Wednesday, July 17th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, Hancock Whitney presently has an average rating of "Moderate Buy" and a consensus target price of $56.89.

Insiders Place Their Bets

In other Hancock Whitney news, CFO Michael M. Achary sold 8,431 shares of the stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $52.55, for a total value of $443,049.05. Following the sale, the chief financial officer now directly owns 54,380 shares in the company, valued at $2,857,669. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, 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 transaction of $40,760.00. Following the sale, the director now owns 15,900 shares in the company, valued at approximately $810,105. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Michael M. Achary sold 8,431 shares of the firm's stock in a transaction on Friday, October 18th. The shares were sold at an average price of $52.55, for a total transaction of $443,049.05. Following the sale, the chief financial officer now owns 54,380 shares in the company, valued at approximately $2,857,669. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company's stock.

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.