Hancock Whitney Co. (NASDAQ:HWC) Shares Sold by Chickasaw Capital Management LLC

Chickasaw Capital Management LLC decreased its position in Hancock Whitney Co. (NASDAQ:HWC) by 5.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 33,823 shares of the company’s stock after selling 1,800 shares during the period. Chickasaw Capital Management LLC’s holdings in Hancock Whitney were worth $1,731,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Retirement Systems of Alabama boosted its stake in Hancock Whitney by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 108,183 shares of the company’s stock worth $4,981,000 after buying an additional 284 shares during the last quarter. AlphaMark Advisors LLC raised its stake in Hancock Whitney by 5.7% during the second quarter. AlphaMark Advisors LLC now owns 6,622 shares of the company’s stock worth $317,000 after purchasing an additional 356 shares during the period. State of Michigan Retirement System boosted its holdings in shares of Hancock Whitney by 2.4% in the 1st quarter. State of Michigan Retirement System now owns 21,140 shares of the company’s stock valued at $973,000 after purchasing an additional 500 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Hancock Whitney by 5.5% during the 2nd quarter. SG Americas Securities LLC now owns 10,865 shares of the company’s stock valued at $520,000 after buying an additional 568 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Hancock Whitney by 3.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,147 shares of the company’s stock worth $868,000 after buying an additional 618 shares during the last quarter. 81.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on HWC. Piper Sandler lifted their target price on Hancock Whitney from $52.00 to $62.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th. Truist Financial decreased their target price on Hancock Whitney from $57.00 to $56.00 and set a “hold” rating for the company in a report on Friday, September 20th. Hovde Group lifted their price target on shares of Hancock Whitney from $55.00 to $62.00 and gave the company an “outperform” rating in a research report on Wednesday, July 17th. DA Davidson increased their price objective on shares of Hancock Whitney from $57.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Finally, Jefferies Financial Group decreased their price target on shares of Hancock Whitney from $48.00 to $47.00 and set a “hold” rating for the company in a research report on Wednesday, July 3rd. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $56.67.

Hancock Whitney Stock Up 2.9 %

Shares of HWC stock traded up $1.50 during mid-day trading on Friday, reaching $52.50. 433,030 shares of the company were exchanged, compared to its average volume of 499,560. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.81 and a current ratio of 0.81. The business’s 50 day simple moving average is $50.45 and its 200 day simple moving average is $48.34. The company has a market capitalization of $4.53 billion, a P/E ratio of 12.35 and a beta of 1.26. Hancock Whitney Co. has a fifty-two week low of $32.16 and a fifty-two week high of $57.78.

Hancock Whitney (NASDAQ:HWC) last issued its quarterly earnings results on Tuesday, July 16th. The company reported $1.31 EPS for the quarter, topping the consensus estimate of $1.20 by $0.11. The business had revenue of $359.60 million for the quarter, compared to analysts’ expectations of $359.11 million. Hancock Whitney had a net margin of 18.63% and a return on equity of 11.51%. The company’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter last year, the company posted $1.35 earnings per share. Research analysts predict that Hancock Whitney Co. will post 5.14 earnings per share for the current year.

Hancock Whitney Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Thursday, September 5th were given a dividend of $0.40 per share. The ex-dividend date was Thursday, September 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.05%. Hancock Whitney’s dividend payout ratio (DPR) is 37.65%.

Insider Transactions at Hancock Whitney

In other Hancock Whitney news, Director Frank E. Bertucci sold 2,053 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $57.03, for a total transaction of $117,082.59. Following the completion of the transaction, the director now directly owns 22,554 shares of the company’s stock, valued at approximately $1,286,254.62. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.10% of the company’s stock.

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.