Journey Strategic Wealth LLC Invests $225,000 in Hancock Whitney Corporation $HWC

Journey Strategic Wealth LLC purchased a new position in Hancock Whitney Corporation (NASDAQ:HWC) during the second quarter, HoldingsChannel reports. The firm purchased 3,914 shares of the company’s stock, valued at approximately $225,000.

Several other institutional investors also recently added to or reduced their stakes in HWC. True Wealth Design LLC lifted 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 Hancock Whitney in the 1st quarter worth about $31,000. Virtus Advisers LLC purchased a new position in shares of Hancock Whitney during the first quarter worth approximately $41,000. Hantz Financial Services Inc. raised its stake in shares of 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 shares of Hancock Whitney during the first quarter valued at approximately $50,000. Hedge funds and other institutional investors own 81.22% of the company’s stock.

Insiders Place Their Bets

In other Hancock Whitney news, CFO Michael M. Achary sold 9,894 shares of Hancock Whitney stock in a transaction on Friday, October 17th. The shares were sold at an average price of $54.86, for a total value of $542,784.84. Following the transaction, the chief financial officer directly owned 55,733 shares of the company’s stock, valued at approximately $3,057,512.38. The trade was a 15.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.91% of the stock is currently owned by company insiders.

Hancock Whitney Trading Down 0.4%

Shares of NASDAQ HWC opened at $59.09 on Tuesday. Hancock Whitney Corporation has a 1-year low of $43.90 and a 1-year high of $64.66. The business has a fifty day moving average price of $59.52 and a 200 day moving average price of $58.99. The stock has a market capitalization of $4.94 billion, a P/E ratio of 10.57 and a beta of 1.18. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.79 and a quick ratio of 0.79.

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

Hancock Whitney Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, December 5th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $1.80 dividend on an annualized basis and a yield of 3.0%. Hancock Whitney’s dividend payout ratio is presently 32.20%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on HWC shares. Citigroup increased their price objective on Hancock Whitney from $70.00 to $74.00 and gave the stock a “buy” rating in a research note on Tuesday, August 26th. Wall Street Zen cut Hancock Whitney from a “hold” rating to a “sell” rating in a report on Monday, August 11th. Weiss Ratings reissued a “buy (b-)” rating on shares of Hancock Whitney in a research report on Monday, November 17th. Raymond James Financial decreased their price objective 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. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Hancock Whitney from $64.00 to $65.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus 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.