24,963 Shares in Hancock Whitney Co. (NASDAQ:HWC) Purchased by QSV Equity Investors LLC

QSV Equity Investors LLC purchased a new stake in Hancock Whitney Co. (NASDAQ:HWC - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 24,963 shares of the company's stock, valued at approximately $1,277,000.

A number of other hedge funds also recently modified their holdings of the business. Harvest Fund Management Co. Ltd bought a new position in Hancock Whitney during the third quarter worth about $28,000. Triad Wealth Partners LLC acquired a new stake in shares of Hancock Whitney during the second quarter worth about $31,000. Mather Group LLC. acquired a new position in Hancock Whitney in the 2nd quarter worth $37,000. Headlands Technologies LLC bought a new position in shares of Hancock Whitney during the second quarter worth about $43,000. Finally, CWM LLC raised its holdings in shares of Hancock Whitney by 268.9% in the second quarter. CWM LLC now owns 985 shares of the company's stock valued at $47,000 after purchasing an additional 718 shares during the last quarter. Hedge funds and other institutional investors own 81.22% of the company's stock.

Insider Transactions at Hancock Whitney

In other news, Director Carleton Richard Wilkins sold 800 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the director now owns 15,900 shares of the company's stock, valued at approximately $810,105. This trade represents a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Christine L. Pickering sold 763 shares of the business's stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $52.40, for a total transaction of $39,981.20. Following the transaction, the director now owns 23,518 shares of the company's stock, valued at approximately $1,232,343.20. The trade was a 3.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,994 shares of company stock valued at $1,593,710 in the last three months. 1.10% of the stock is currently owned by company insiders.

Hancock Whitney Price Performance

Shares of Hancock Whitney stock traded down $0.32 on Thursday, hitting $58.84. 88,265 shares of the company traded hands, compared to its average volume of 504,952. The stock has a market capitalization of $5.06 billion, a P/E ratio of 13.35 and a beta of 1.27. The business has a 50-day simple moving average of $54.82 and a 200 day simple moving average of $51.16. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.81 and a current ratio of 0.82. Hancock Whitney Co. has a 52 week low of $41.19 and a 52 week 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. 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 during the quarter, compared to analysts' expectations of $363.54 million. During the same quarter in the previous year, the business earned $1.12 EPS. Research analysts expect that Hancock Whitney Co. will post 5.19 earnings per share for the current fiscal year.

Hancock Whitney Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Thursday, December 5th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.72%. The ex-dividend date is Thursday, December 5th. Hancock Whitney's payout ratio is currently 35.87%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Keefe, Bruyette & Woods raised their target price on shares of Hancock Whitney from $60.00 to $70.00 and gave the company an "outperform" rating in a report on Wednesday. Truist Financial lowered their price objective on Hancock Whitney from $57.00 to $56.00 and set a "hold" rating for the company in a research note on Friday, September 20th. Finally, DA Davidson lifted their target price on Hancock Whitney from $62.00 to $65.00 and gave the stock a "buy" rating in a report on Wednesday, October 16th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $58.00.

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.