Hancock Whitney Co. (NASDAQ:HWC) Shares Acquired by Pathstone Holdings LLC

Pathstone Holdings LLC lifted its holdings in Hancock Whitney Co. (NASDAQ:HWC) by 7.0% during the third quarter, Holdings Channel reports. The fund owned 32,730 shares of the company’s stock after buying an additional 2,134 shares during the quarter. Pathstone Holdings LLC’s holdings in Hancock Whitney were worth $1,675,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in HWC. Triad Wealth Partners LLC purchased a new stake in Hancock Whitney in the 2nd quarter worth approximately $31,000. Mather Group LLC. purchased a new stake in Hancock Whitney during the second quarter worth $37,000. Headlands Technologies LLC acquired a new stake in Hancock Whitney during the second quarter valued at $43,000. CWM LLC increased its holdings in 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 buying an additional 718 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in shares of Hancock Whitney in the second quarter worth about $63,000. Hedge funds and other institutional investors own 81.22% of the company’s stock.

Hancock Whitney Stock Performance

Shares of Hancock Whitney stock opened at $59.94 on Thursday. The business has a 50-day simple moving average of $53.99 and a 200-day simple moving average of $50.76. The company has a market cap of $5.16 billion, a PE ratio of 13.44 and a beta of 1.25. Hancock Whitney Co. has a one year low of $39.38 and a one year 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.

Hancock Whitney (NASDAQ:HWC) last posted its earnings results on Tuesday, October 15th. The company reported $1.33 EPS for the quarter, topping 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 business had revenue of $525.37 million for the quarter, compared to analysts’ expectations of $363.54 million. During the same quarter in the previous year, the firm earned $1.12 earnings per share. On average, equities research analysts forecast that Hancock Whitney Co. will post 5.19 EPS for the current fiscal year.

Hancock Whitney Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Thursday, December 5th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend is Thursday, December 5th. Hancock Whitney’s payout ratio is currently 35.87%.

Insider Transactions at Hancock Whitney

In other Hancock Whitney news, Director Carleton Richard Wilkins sold 800 shares of Hancock Whitney stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $50.95, for a total transaction of $40,760.00. Following the completion of the transaction, the director now owns 15,900 shares in the company, valued at approximately $810,105. The trade was a 4.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction of $443,049.05. Following the completion of the sale, the chief financial officer now owns 54,380 shares in the company, valued at $2,857,669. This represents a 13.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,994 shares of company stock worth $1,593,710 over the last 90 days. 1.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on HWC shares. Truist Financial reduced their price target on Hancock Whitney from $57.00 to $56.00 and set a “hold” rating for the company in a report on Friday, September 20th. DA Davidson upped their target price on Hancock Whitney from $62.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $56.89.

Hancock Whitney Company 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.