Atria Investments Inc Trims Stock Holdings in Hancock Whitney Co. (NASDAQ:HWC)

Atria Investments Inc lowered its position in shares of Hancock Whitney Co. (NASDAQ:HWC) by 6.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,147 shares of the company’s stock after selling 427 shares during the quarter. Atria Investments Inc’s holdings in Hancock Whitney were worth $315,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HWC. AlphaMark Advisors LLC boosted its position in shares of Hancock Whitney by 5.7% in the 2nd 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 holdings in Hancock Whitney by 19.1% in the third quarter. Blue Trust Inc. now owns 2,971 shares of the company’s stock worth $142,000 after acquiring an additional 476 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Hancock Whitney by 5.5% in the second quarter. SG Americas Securities LLC now owns 10,865 shares of the company’s stock worth $520,000 after acquiring an additional 568 shares in the last quarter. Trust Point Inc. increased its holdings in shares of Hancock Whitney by 10.6% during the third quarter. Trust Point Inc. now owns 6,005 shares of the company’s stock valued at $307,000 after acquiring an additional 577 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Hancock Whitney by 3.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,147 shares of the company’s stock worth $868,000 after purchasing an additional 618 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 related news, CEO John M. Hairston sold 18,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $59.44, for a total value of $1,069,920.00. Following the transaction, the chief executive officer now owns 254,026 shares of the company’s stock, valued at approximately $15,099,305.44. This trade represents a 6.62 % decrease in their ownership of the stock. 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 business’s stock in a transaction that occurred 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 of the company’s stock, valued at $2,857,669. This trade represents a 13.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 27,994 shares of company stock worth $1,593,710 in the last ninety days. Insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

HWC has been the topic of several recent analyst reports. 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. DA Davidson upped their target price on shares of Hancock Whitney from $62.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Four 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 has a consensus rating of “Moderate Buy” and an average price target of $56.89.

Hancock Whitney Price Performance

HWC opened at $59.97 on Friday. The company’s 50-day simple moving average is $53.39 and its two-hundred day simple moving average is $50.48. 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 stock has a market capitalization of $5.16 billion, a P/E ratio of 13.45 and a beta of 1.25. Hancock Whitney Co. has a 52-week low of $39.38 and a 52-week high of $61.41.

Hancock Whitney (NASDAQ:HWC) last issued its quarterly earnings data on Tuesday, October 15th. The company reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.02. Hancock Whitney had a net margin of 19.30% and a return on equity of 11.47%. The company had revenue of $525.37 million for the quarter, compared to the consensus estimate of $363.54 million. During the same quarter in the prior year, the firm earned $1.12 earnings per share. As a group, analysts predict that Hancock Whitney Co. will post 5.19 EPS for the current year.

Hancock Whitney Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Thursday, December 5th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.67%. Hancock Whitney’s dividend payout ratio (DPR) is currently 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.