6,990 Shares in Hancock Whitney Corporation (NASDAQ:HWC) Purchased by Alps Advisors Inc.

Alps Advisors Inc. acquired a new stake in Hancock Whitney Corporation (NASDAQ:HWC - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,990 shares of the company's stock, valued at approximately $367,000.

A number of other institutional investors also recently bought and sold shares of HWC. Versant Capital Management Inc boosted its holdings in shares of Hancock Whitney by 554.6% in the first quarter. Versant Capital Management Inc now owns 707 shares of the company's stock valued at $37,000 after acquiring an additional 599 shares in the last quarter. UMB Bank n.a. boosted its holdings in Hancock Whitney by 1,132.1% during the first quarter. UMB Bank n.a. now owns 998 shares of the company's stock worth $52,000 after buying an additional 917 shares in the last quarter. GeoWealth Management LLC purchased a new stake in Hancock Whitney during the fourth quarter worth about $65,000. GAMMA Investing LLC boosted its holdings in Hancock Whitney by 115.3% during the first quarter. GAMMA Investing LLC now owns 1,240 shares of the company's stock worth $65,000 after buying an additional 664 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Hancock Whitney during the fourth quarter worth about $92,000. 81.22% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HWC has been the topic of a number of research analyst reports. DA Davidson boosted their price objective on shares of Hancock Whitney from $65.00 to $67.00 and gave the stock a "buy" rating in a report on Wednesday. Hovde Group upped their price target on shares of Hancock Whitney from $65.00 to $72.00 and gave the company an "outperform" rating in a report on Wednesday. Stephens reduced their price target on shares of Hancock Whitney from $73.00 to $69.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Keefe, Bruyette & Woods lowered shares of Hancock Whitney from an "outperform" rating to a "market perform" rating and boosted their price objective for the company from $62.00 to $63.00 in a research report on Friday, July 11th. Finally, Piper Sandler boosted their price objective on shares of Hancock Whitney from $70.00 to $72.00 and gave the company an "overweight" rating in a research report on Wednesday. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Hancock Whitney presently has a consensus rating of "Moderate Buy" and an average target price of $66.71.

Insider Buying and Selling

In other Hancock Whitney news, Director Christine L. Pickering sold 838 shares of the stock in a transaction on Monday, April 21st. The shares were sold at an average price of $48.09, for a total transaction of $40,299.42. Following the sale, the director directly owned 23,019 shares of the company's stock, valued at approximately $1,106,983.71. This represents a 3.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.91% of the stock is owned by company insiders.

Hancock Whitney Trading Up 1.1%

HWC stock traded up $0.63 on Thursday, hitting $60.05. 570,730 shares of the company were exchanged, compared to its average volume of 632,611. Hancock Whitney Corporation has a twelve month low of $43.90 and a twelve month high of $62.40. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.82 and a quick ratio of 0.82. The business's fifty day moving average is $56.51 and its two-hundred day moving average is $55.10. The stock has a market capitalization of $5.14 billion, a price-to-earnings ratio of 11.06 and a beta of 1.05.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last released its quarterly earnings data on Tuesday, July 15th. The company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.01. Hancock Whitney had a net margin of 23.28% and a return on equity of 11.33%. The company had revenue of $377.98 million during the quarter, compared to the consensus estimate of $375.99 million. During the same period in the previous year, the firm earned $1.31 earnings per share. As a group, research analysts forecast that Hancock Whitney Corporation will post 5.53 earnings per share for the current year.

Hancock Whitney Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Thursday, June 5th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $1.80 dividend on an annualized basis and a yield of 3.00%. Hancock Whitney's dividend payout ratio (DPR) is 33.15%.

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.