Thrivent Financial for Lutherans Increases Stake in Hancock Whitney Co. (NASDAQ:HWC)

Thrivent Financial for Lutherans increased its stake in Hancock Whitney Co. (NASDAQ:HWC - Free Report) by 105.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 74,736 shares of the company's stock after purchasing an additional 38,398 shares during the period. Thrivent Financial for Lutherans owned approximately 0.09% of Hancock Whitney worth $3,824,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in HWC. Triad Wealth Partners LLC acquired a new position in shares of Hancock Whitney during the 2nd quarter worth about $31,000. Mather Group LLC. acquired a new position in Hancock Whitney during the second quarter valued at approximately $37,000. Headlands Technologies LLC acquired a new position in shares of Hancock Whitney during the 2nd quarter worth approximately $43,000. CWM LLC raised its stake in shares of Hancock Whitney by 268.9% during the 2nd quarter. CWM LLC now owns 985 shares of the company's stock worth $47,000 after purchasing an additional 718 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Hancock Whitney in the 2nd quarter valued at approximately $63,000. Institutional investors own 81.22% of the company's stock.

Insider Buying and Selling at Hancock Whitney

In other news, CFO Michael M. Achary sold 8,431 shares of the firm's stock in a transaction on Friday, October 18th. The stock was sold at an average price of $52.55, for a total transaction of $443,049.05. Following the completion of the sale, the chief financial officer now directly owns 54,380 shares of the company's stock, valued at $2,857,669. This trade represents a 13.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO John M. Hairston sold 18,000 shares of the business's stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 254,026 shares in the company, valued at $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 three months, insiders have sold 27,994 shares of company stock worth $1,593,710. Corporate insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

HWC has been the subject of several recent analyst reports. DA Davidson raised their target price on shares of Hancock Whitney from $62.00 to $65.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. Truist Financial decreased 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 investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $56.89.

Hancock Whitney Stock Up 1.8 %

Hancock Whitney stock traded up $1.07 during mid-day trading on Monday, reaching $61.04. The stock had a trading volume of 959,792 shares, compared to its average volume of 510,009. The stock's 50-day simple moving average is $53.39 and its 200-day simple moving average is $50.52. Hancock Whitney Co. has a fifty-two week low of $39.38 and a fifty-two week high of $62.40. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.81 and a current ratio of 0.82. The firm has a market capitalization of $5.25 billion, a PE ratio of 13.45 and a beta of 1.25.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last issued 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 firm had revenue of $525.37 million during 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 last year, the company earned $1.12 earnings per share. On average, sell-side analysts forecast that Hancock Whitney Co. will post 5.19 EPS for the current fiscal year.

Hancock Whitney Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Thursday, December 5th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend is Thursday, December 5th. Hancock Whitney's payout ratio is currently 35.87%.

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.