3,914 Shares in Hancock Whitney Corporation $HWC Purchased by Journey Strategic Wealth LLC

Journey Strategic Wealth LLC bought a new stake in shares of Hancock Whitney Corporation (NASDAQ:HWC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 3,914 shares of the company’s stock, valued at approximately $225,000.

Other large investors also recently added to or reduced their stakes in the company. True Wealth Design LLC grew its holdings in Hancock Whitney by 929.5% during the 2nd quarter. True Wealth Design LLC now owns 453 shares of the company’s stock valued at $26,000 after buying an additional 409 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of Hancock Whitney during the first quarter worth $31,000. Virtus Advisers LLC purchased a new position in Hancock Whitney during the first quarter valued at $41,000. Hantz Financial Services Inc. grew its stake in Hancock Whitney by 6,107.7% during the second quarter. Hantz Financial Services Inc. now owns 807 shares of the company’s stock valued at $46,000 after acquiring an additional 794 shares in the last quarter. Finally, Amundi bought a new stake in Hancock Whitney in the 1st quarter valued at $50,000. 81.22% of the stock is owned by hedge funds and other institutional investors.

Hancock Whitney Price Performance

Shares of Hancock Whitney stock opened at $59.09 on Tuesday. The stock has a market cap of $4.94 billion, a price-to-earnings ratio of 10.57 and a beta of 1.18. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a 50 day moving average price of $59.52 and a 200-day moving average price of $58.99. Hancock Whitney Corporation has a one year low of $43.90 and a one year high of $64.66.

Hancock Whitney (NASDAQ:HWC) last issued its quarterly earnings results on Tuesday, October 14th. The company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.06. The company had revenue of $175.56 million during the quarter, compared to the consensus estimate of $391.32 million. Hancock Whitney had a return on equity of 11.29% and a net margin of 23.99%.During the same period last year, the company earned $1.33 earnings per share. Equities analysts expect that Hancock Whitney Corporation will post 5.53 EPS for the current year.

Hancock Whitney Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, December 5th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Friday, December 5th. Hancock Whitney’s dividend payout ratio (DPR) is 32.20%.

Insider Activity at Hancock Whitney

In related news, CFO Michael M. Achary sold 9,894 shares of the company’s stock in a transaction dated Friday, October 17th. The shares were sold at an average price of $54.86, for a total transaction of $542,784.84. Following the transaction, the chief financial officer directly owned 55,733 shares in the company, valued at approximately $3,057,512.38. This represents a 15.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on HWC. Weiss Ratings restated a “buy (b-)” rating on shares of Hancock Whitney in a research report on Monday, November 17th. Wall Street Zen lowered Hancock Whitney from a “hold” rating to a “sell” rating in a research note on Monday, August 11th. Raymond James Financial cut their price target on Hancock Whitney from $73.00 to $72.00 and set a “strong-buy” rating for the company in a report on Wednesday, October 15th. Keefe, Bruyette & Woods lifted their price objective on Hancock Whitney from $64.00 to $65.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 11th. Finally, Citigroup increased their target price on Hancock Whitney from $70.00 to $74.00 and gave the company a “buy” rating in a research report on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Hancock Whitney presently has an average rating of “Buy” and an average target price of $70.14.

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.