Hancock Whitney Co. (NASDAQ:HWC) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its position in shares of Hancock Whitney Co. (NASDAQ:HWC) by 3.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 210,062 shares of the company’s stock after selling 6,561 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Hancock Whitney were worth $10,749,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Hancock Whitney by 0.4% during the first quarter. Vanguard Group Inc. now owns 9,226,780 shares of the company’s stock worth $424,801,000 after buying an additional 34,152 shares during the period. Versor Investments LP acquired a new stake in Hancock Whitney during the 3rd quarter worth approximately $844,000. Texas Permanent School Fund Corp grew its stake in shares of Hancock Whitney by 35.4% in the 2nd quarter. Texas Permanent School Fund Corp now owns 102,103 shares of the company’s stock valued at $4,884,000 after purchasing an additional 26,705 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of Hancock Whitney in the third quarter valued at approximately $2,605,000. Finally, Cetera Investment Advisers raised its stake in shares of Hancock Whitney by 22.1% during the first quarter. Cetera Investment Advisers now owns 59,636 shares of the company’s stock worth $2,746,000 after purchasing an additional 10,810 shares during the last quarter. Hedge funds and other institutional investors own 81.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Truist Financial lowered their price objective on shares of Hancock Whitney from $57.00 to $56.00 and set a “hold” rating on the stock in a research report on Friday, September 20th. DA Davidson lifted their target price on shares of Hancock Whitney from $62.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Four investment 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.89.

Hancock Whitney Stock Performance

Shares of HWC opened at $58.45 on Monday. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.06. Hancock Whitney Co. has a 52-week low of $39.38 and a 52-week high of $61.41. The company has a 50-day simple moving average of $52.52 and a 200-day simple moving average of $50.16. The company has a market capitalization of $5.03 billion, a PE ratio of 13.11 and a beta of 1.25.

Hancock Whitney (NASDAQ:HWC) last issued its earnings results on Tuesday, October 15th. The company reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.02. The company had revenue of $525.37 million during the quarter, compared to analysts’ expectations of $363.54 million. Hancock Whitney had a net margin of 19.30% and a return on equity of 11.47%. During the same period last year, the company posted $1.12 earnings per share. Equities research analysts predict that Hancock Whitney Co. will post 5.2 earnings per share for the current fiscal year.

Hancock Whitney Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Thursday, December 5th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend is Thursday, December 5th. Hancock Whitney’s dividend payout ratio (DPR) is presently 35.87%.

Insider Buying and Selling

In other news, Director Carleton Richard Wilkins sold 800 shares of the business’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $50.95, for a total value of $40,760.00. Following the completion of the transaction, the director now directly owns 15,900 shares of the company’s stock, valued at $810,105. The trade was a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO John M. Hairston sold 18,000 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $59.44, for a total value of $1,069,920.00. Following the sale, the chief executive officer now directly owns 254,026 shares in the company, valued at approximately $15,099,305.44. The trade was a 6.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,994 shares of company stock worth $1,593,710 in the last three months. Corporate 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.