Hancock Whitney Corporation (NASDAQ:HWC – Get Free Report) insider Emory Mayfield, Jr. sold 4,990 shares of Hancock Whitney stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $76.40, for a total value of $381,236.00. Following the sale, the insider directly owned 15,565 shares in the company, valued at approximately $1,189,166. This trade represents a 24.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Hancock Whitney Stock Performance
Shares of HWC opened at $75.38 on Monday. Hancock Whitney Corporation has a 12-month low of $54.05 and a 12-month high of $80.13. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $6.05 billion, a price-to-earnings ratio of 14.78 and a beta of 0.95. The stock’s 50-day moving average price is $75.69 and its 200 day moving average price is $70.15.
Hancock Whitney (NASDAQ:HWC – Get Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The company reported $1.55 EPS for the quarter, meeting the consensus estimate of $1.55. Hancock Whitney had a return on equity of 11.36% and a net margin of 21.81%.The firm had revenue of $403.57 million during the quarter, compared to analysts’ expectations of $398.89 million. During the same quarter in the prior year, the firm posted $1.37 EPS. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, research analysts predict that Hancock Whitney Corporation will post 6.44 earnings per share for the current year.
Hancock Whitney Announces Dividend
Institutional Trading of Hancock Whitney
A number of large investors have recently bought and sold shares of the stock. Allworth Financial LP bought a new position in shares of Hancock Whitney during the second quarter valued at $28,000. Torren Management LLC bought a new stake in shares of Hancock Whitney in the 4th quarter worth about $32,000. Hilton Head Capital Partners LLC bought a new stake in shares of Hancock Whitney in the 4th quarter worth about $35,000. Root Financial Partners LLC increased its position in shares of Hancock Whitney by 70.9% during the 1st quarter. Root Financial Partners LLC now owns 612 shares of the company’s stock worth $39,000 after purchasing an additional 254 shares in the last quarter. Finally, IFP Advisors Inc increased its position in shares of Hancock Whitney by 67.6% during the 3rd quarter. IFP Advisors Inc now owns 627 shares of the company’s stock worth $39,000 after purchasing an additional 253 shares in the last quarter. 81.22% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
HWC has been the topic of a number of recent research reports. Hovde Group downgraded shares of Hancock Whitney from an “outperform” rating to a “market perform” rating and set a $74.00 price target on the stock. in a research note on Friday, June 12th. Citigroup restated a “buy” rating on shares of Hancock Whitney in a research note on Thursday, July 23rd. Zacks Research downgraded shares of Hancock Whitney from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 29th. Raymond James Financial reiterated a “strong-buy” rating and set a $87.00 target price on shares of Hancock Whitney in a research report on Wednesday, July 22nd. Finally, Stephens lowered their target price on shares of Hancock Whitney from $86.00 to $85.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.78.
Read Our Latest Stock Report on Hancock Whitney
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.
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