Hancock Whitney (NASDAQ:HWC) Director Christine Pickering Sells 417 Shares of Stock

Hancock Whitney Corporation (NASDAQ:HWC) Director Christine Pickering sold 417 shares of Hancock Whitney stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $67.16, for a total transaction of $28,005.72. Following the completion of the transaction, the director directly owned 25,066 shares of the company’s stock, valued at $1,683,432.56. The trade was a 1.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Hancock Whitney Stock Up 1.0%

HWC opened at $68.16 on Wednesday. Hancock Whitney Corporation has a fifty-two week low of $52.89 and a fifty-two week high of $75.43. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.81 and a current ratio of 0.81. The company has a fifty day moving average of $65.82 and a two-hundred day moving average of $65.62. The stock has a market capitalization of $5.53 billion, a price-to-earnings ratio of 14.00 and a beta of 0.97.

Hancock Whitney (NASDAQ:HWC) last released its quarterly earnings data on Tuesday, April 21st. The company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.04. Hancock Whitney had a net margin of 21.34% and a return on equity of 11.20%. The company had revenue of $393.64 million during the quarter, compared to analysts’ expectations of $400.01 million. During the same quarter in the previous year, the company earned $1.38 earnings per share. The firm’s revenue for the quarter was down 19.7% on a year-over-year basis. On average, research analysts expect that Hancock Whitney Corporation will post 6.47 earnings per share for the current year.

Hancock Whitney Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, June 5th will be given a $0.50 dividend. The ex-dividend date is Friday, June 5th. This represents a $2.00 annualized dividend and a dividend yield of 2.9%. Hancock Whitney’s dividend payout ratio (DPR) is 41.07%.

Analyst Ratings Changes

Several analysts have recently issued reports on HWC shares. Zacks Research lowered shares of Hancock Whitney from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 23rd. Piper Sandler lifted their target price on shares of Hancock Whitney from $80.00 to $82.00 and gave the company an “overweight” rating in a research report on Monday, May 18th. DA Davidson lifted their target price on shares of Hancock Whitney from $79.00 to $86.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Weiss Ratings lowered shares of Hancock Whitney from a “buy (b)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Finally, Wall Street Zen lowered shares of Hancock Whitney from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.14.

Institutional Trading of Hancock Whitney

Several institutional investors have recently modified their holdings of the stock. Torren Management LLC acquired a new position in Hancock Whitney during the fourth quarter worth about $32,000. Hilton Head Capital Partners LLC acquired a new position in Hancock Whitney during the fourth quarter worth about $35,000. Root Financial Partners LLC boosted its position in Hancock Whitney by 70.9% during the first quarter. Root Financial Partners LLC now owns 612 shares of the company’s stock worth $39,000 after acquiring an additional 254 shares during the last quarter. IFP Advisors Inc boosted its position in Hancock Whitney by 67.6% during the third quarter. IFP Advisors Inc now owns 627 shares of the company’s stock worth $39,000 after acquiring an additional 253 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. acquired a new position in Hancock Whitney during the fourth quarter worth about $40,000. Institutional investors and hedge funds own 81.22% of the company’s stock.

About Hancock Whitney

Hancock Whitney Corporation (NASDAQ: HWC) is a regional financial services company headquartered in Gulfport, Mississippi. The firm was established in April 2019 through the merger of Hancock Holding Company and Whitney Holding Corporation, each of which traced its roots to the late 19th century. This combination created one of the largest bank holding companies in the Gulf South region, with a network of branches serving both urban and rural communities.

The company’s core business activities include commercial banking, retail banking and wealth management services.