Glenmede Trust Co. NA Sells 4,809 Shares of Hancock Whitney Co. (NASDAQ:HWC)

Glenmede Trust Co. NA lessened its holdings in shares of Hancock Whitney Co. (NASDAQ:HWC) by 1.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 350,959 shares of the company’s stock after selling 4,809 shares during the period. Glenmede Trust Co. NA owned 0.41% of Hancock Whitney worth $17,959,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cetera Investment Advisers grew its stake in shares of Hancock Whitney by 22.1% in the 1st quarter. Cetera Investment Advisers now owns 59,636 shares of the company’s stock worth $2,746,000 after buying an additional 10,810 shares during the last quarter. Boston Partners grew its stake in shares of Hancock Whitney by 0.5% in the first quarter. Boston Partners now owns 624,417 shares of the company’s stock worth $28,811,000 after acquiring an additional 3,313 shares during the last quarter. Mather Group LLC. bought a new position in shares of Hancock Whitney during the second quarter valued at $37,000. CWM LLC increased its holdings in shares of Hancock Whitney by 268.9% during the second quarter. CWM LLC now owns 985 shares of the company’s stock valued at $47,000 after acquiring an additional 718 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in shares of Hancock Whitney by 5.5% in the 2nd quarter. SG Americas Securities LLC now owns 10,865 shares of the company’s stock worth $520,000 after purchasing an additional 568 shares during the last quarter. 81.22% of the stock is owned by hedge funds and other institutional investors.

Hancock Whitney Stock Down 0.7 %

Shares of Hancock Whitney stock opened at $59.94 on Friday. Hancock Whitney Co. has a twelve month low of $39.38 and a twelve month high of $62.40. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.06. The company’s 50 day moving average is $54.15 and its 200 day moving average is $50.83. The company has a market cap of $5.16 billion, a price-to-earnings ratio of 13.44 and a beta of 1.25.

Hancock Whitney (NASDAQ:HWC) last released its quarterly earnings results on Tuesday, October 15th. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.02. Hancock Whitney had a return on equity of 11.47% and a net margin of 19.30%. The firm had revenue of $525.37 million for the quarter, compared to analysts’ expectations of $363.54 million. During the same period in the prior year, the firm earned $1.12 EPS. Research analysts anticipate that Hancock Whitney Co. will post 5.19 EPS for the current year.

Hancock Whitney Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Thursday, December 5th will be given a $0.40 dividend. The ex-dividend date is Thursday, December 5th. This represents a $1.60 annualized dividend and a yield of 2.67%. Hancock Whitney’s payout ratio is 35.87%.

Insider Buying and Selling at Hancock Whitney

In other Hancock Whitney news, CEO John M. Hairston sold 18,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $59.44, for a total value of $1,069,920.00. Following the completion of the sale, the chief executive officer now owns 254,026 shares in the company, valued at $15,099,305.44. This represents a 6.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Michael M. Achary sold 8,431 shares of Hancock Whitney stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $52.55, for a total value of $443,049.05. Following the transaction, the chief financial officer now directly owns 54,380 shares in the company, valued at approximately $2,857,669. The trade was a 13.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,994 shares of company stock worth $1,593,710 in the last three months. 1.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on HWC. Truist Financial cut 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 increased their price target 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.89.

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.