Norges Bank bought a new position in Hancock Whitney Corporation (NASDAQ:HWC – Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 902,367 shares of the company’s stock, valued at approximately $57,463,000. Norges Bank owned 1.08% of Hancock Whitney as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Torren Management LLC purchased a new position in Hancock Whitney during the fourth quarter worth $32,000. IFP Advisors Inc boosted its stake 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 buying an additional 253 shares during the period. Eurizon Capital SGR S.p.A. purchased a new position in Hancock Whitney during the fourth quarter worth $40,000. Caitong International Asset Management Co. Ltd purchased a new position in Hancock Whitney during the third quarter worth $45,000. Finally, CIBC Private Wealth Group LLC boosted its stake in Hancock Whitney by 84,400.0% during the third quarter. CIBC Private Wealth Group LLC now owns 845 shares of the company’s stock worth $53,000 after buying an additional 844 shares during the period. Hedge funds and other institutional investors own 81.22% of the company’s stock.
Insider Activity
In other news, Director Christine L. Pickering sold 417 shares of the business’s 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 sale, the director directly owned 25,066 shares of the company’s stock, valued at approximately $1,683,432.56. The trade was a 1.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.92% of the company’s stock.
Wall Street Analysts Forecast Growth
Read Our Latest Analysis on HWC
Hancock Whitney Price Performance
Shares of HWC opened at $69.38 on Monday. The firm has a market capitalization of $5.63 billion, a P/E ratio of 14.25 and a beta of 0.95. Hancock Whitney Corporation has a 12-month low of $52.93 and a 12-month high of $75.43. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.04. The firm has a fifty day moving average price of $66.79 and a 200-day moving average price of $66.17.
Hancock Whitney (NASDAQ:HWC – Get Free Report) last issued its earnings results on Tuesday, April 21st. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.04. The firm had revenue of $393.64 million during the quarter, compared to analyst estimates of $400.01 million. Hancock Whitney had a net margin of 21.34% and a return on equity of 11.20%. The business’s revenue was down 19.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.38 earnings per share. Equities 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 paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, June 5th. Hancock Whitney’s payout ratio is currently 41.07%.
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.
Featured Stories
- Five stocks we like better than Hancock Whitney
- These 3 Insurance Stocks Made New 52-Week Highs: Still Time to Buy?
- 3 Stocks Under $20 to Buy Before a Broader Market Rally
- Petco Faces Tough Competition, But Momentum Is Building
- The Lock-In Effect Is Real—These 3 Homebuilders Are Betting on It
Receive News & Ratings for Hancock Whitney Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hancock Whitney and related companies with MarketBeat.com's FREE daily email newsletter.
