7,146 Shares in Hancock Whitney Corporation $HWC Acquired by Sequoia Financial Advisors LLC

Key Points

• Sequoia Financial Advisors LLC acquired 7,146 shares of Hancock Whitney Corporation, valued at approximately $410,000, marking a new investment during the second quarter.
• Hancock Whitney's CFO sold 9,894 shares at an average price of $54.86, reducing their ownership by 15.08% to a total of 55,733 shares.
• The company reported earnings of $1.49 EPS, exceeding analysts' expectations, and announced a quarterly dividend of $0.45 per share, reflecting a yield of 3.2%.

Sequoia Financial Advisors LLC acquired a new position in Hancock Whitney Corporation (NASDAQ:HWC - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm acquired 7,146 shares of the company's stock, valued at approximately $410,000.

Other large investors have also recently made changes to their positions in the company. Brooklyn Investment Group bought a new stake in shares of Hancock Whitney in the 1st quarter worth approximately $31,000. Virtus Advisers LLC bought a new stake in shares of Hancock Whitney in the 1st quarter worth approximately $41,000. Amundi bought a new stake in shares of Hancock Whitney in the 1st quarter worth approximately $50,000. GAMMA Investing LLC grew its position in shares of Hancock Whitney by 115.3% in the 1st quarter. GAMMA Investing LLC now owns 1,240 shares of the company's stock worth $65,000 after buying an additional 664 shares during the last quarter. Finally, Blue Trust Inc. grew its position in shares of Hancock Whitney by 15.4% in the 1st quarter. Blue Trust Inc. now owns 2,560 shares of the company's stock worth $134,000 after buying an additional 341 shares during the last quarter. 81.22% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO Michael M. Achary sold 9,894 shares of the company's stock in a transaction on Friday, October 17th. The stock was sold at an average price of $54.86, for a total transaction of $542,784.84. Following the completion of the sale, the chief financial officer owned 55,733 shares in the company, valued at approximately $3,057,512.38. This represents a 15.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.91% of the company's stock.

Hancock Whitney Stock Up 0.3%

Shares of NASDAQ:HWC opened at $56.74 on Wednesday. The stock has a fifty day simple moving average of $61.82 and a two-hundred day simple moving average of $57.66. The stock has a market capitalization of $4.81 billion, a price-to-earnings ratio of 10.15 and a beta of 1.11. Hancock Whitney Corporation has a 12-month low of $43.90 and a 12-month high of $64.66. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.05.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last announced its quarterly earnings data on Tuesday, October 14th. The company reported $1.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.43 by $0.06. Hancock Whitney had a return on equity of 11.29% and a net margin of 23.99%.The business had revenue of $0.03 million during the quarter, compared to analysts' expectations of $391.32 million. During the same quarter in the previous year, the business earned $1.33 earnings per share. On average, research analysts anticipate that Hancock Whitney Corporation will post 5.53 earnings per share for the current fiscal year.

Hancock Whitney Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, September 5th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Friday, September 5th. Hancock Whitney's dividend payout ratio is 32.20%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Piper Sandler lifted their price objective on Hancock Whitney from $70.00 to $72.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Weiss Ratings restated a "buy (b-)" rating on shares of Hancock Whitney in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods downgraded Hancock Whitney from an "outperform" rating to a "market perform" rating and increased their price objective for the stock from $62.00 to $63.00 in a report on Friday, July 11th. Wall Street Zen lowered Hancock Whitney from a "hold" rating to a "sell" rating in a research report on Monday, August 11th. Finally, DA Davidson boosted their target price on shares of Hancock Whitney from $65.00 to $67.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $69.86.

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.

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