Hancock Whitney Co. (NASDAQ:HWC - Get Free Report) Director Christine L. Pickering sold 838 shares of the firm's stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $48.09, for a total value of $40,299.42. Following the completion of the sale, the director now owns 23,019 shares in the company, valued at approximately $1,106,983.71. This represents a 3.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Hancock Whitney Price Performance
Shares of NASDAQ HWC traded down $0.29 during mid-day trading on Friday, reaching $52.01. The company had a trading volume of 553,497 shares, compared to its average volume of 582,052. The company has a 50-day moving average price of $51.66 and a two-hundred day moving average price of $55.12. The stock has a market cap of $4.48 billion, a PE ratio of 9.85 and a beta of 0.99. 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 Co. has a 1-year low of $43.60 and a 1-year high of $62.40.
Hancock Whitney (NASDAQ:HWC - Get Free Report) last issued its quarterly earnings results on Tuesday, April 15th. The company reported $1.38 earnings per share for the quarter, topping analysts' consensus estimates of $1.28 by $0.10. Hancock Whitney had a return on equity of 11.56% and a net margin of 22.40%. The firm had revenue of $367.50 million for the quarter, compared to analysts' expectations of $368.12 million. On average, equities analysts anticipate that Hancock Whitney Co. will post 5.53 earnings per share for the current year.
Hancock Whitney Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Thursday, June 5th will be given a $0.45 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $1.80 annualized dividend and a dividend yield of 3.46%. Hancock Whitney's dividend payout ratio (DPR) is presently 33.21%.
Analyst Ratings Changes
A number of equities analysts recently issued reports on the stock. Raymond James reiterated a "strong-buy" rating and issued a $62.00 target price (down previously from $72.00) on shares of Hancock Whitney in a research report on Wednesday, April 16th. Stephens decreased their price objective on shares of Hancock Whitney from $73.00 to $69.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. DA Davidson dropped their target price on Hancock Whitney from $69.00 to $62.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Piper Sandler reaffirmed an "overweight" rating and set a $70.00 price target (up from $68.00) on shares of Hancock Whitney in a research note on Wednesday, April 16th. Finally, StockNews.com upgraded Hancock Whitney from a "sell" rating to a "hold" rating in a research report on Monday, March 3rd. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $60.56.
Check Out Our Latest Stock Analysis on HWC
Hedge Funds Weigh In On Hancock Whitney
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HWC. Grove Bank & Trust acquired a new stake in shares of Hancock Whitney in the fourth quarter worth $31,000. Versant Capital Management Inc lifted its stake in Hancock Whitney by 554.6% in the 1st quarter. Versant Capital Management Inc now owns 707 shares of the company's stock worth $37,000 after acquiring an additional 599 shares in the last quarter. R Squared Ltd acquired a new stake in Hancock Whitney during the 4th quarter worth about $49,000. UMB Bank n.a. grew its stake in Hancock Whitney by 1,132.1% during the 1st quarter. UMB Bank n.a. now owns 998 shares of the company's stock valued at $52,000 after acquiring an additional 917 shares in the last quarter. Finally, GeoWealth Management LLC purchased a new position in Hancock Whitney during the 4th quarter valued at about $65,000. Institutional investors and hedge funds own 81.22% of the company's stock.
Hancock Whitney Company Profile
(
Get Free Report)
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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