Hsbc Holdings PLC Purchases Shares of 40,744 Hancock Whitney Corporation $HWC

Hsbc Holdings PLC acquired a new position in shares of Hancock Whitney Corporation (NASDAQ:HWCFree Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 40,744 shares of the company’s stock, valued at approximately $3,051,000. Hsbc Holdings PLC owned 0.05% of Hancock Whitney as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in HWC. Allworth Financial LP acquired a new position in shares of Hancock Whitney during the 2nd quarter valued at $28,000. Torren Management LLC acquired a new stake in Hancock Whitney in the 4th quarter valued at $32,000. Hilton Head Capital Partners LLC acquired a new stake in Hancock Whitney in the 4th quarter valued at $35,000. Root Financial Partners LLC raised its position in Hancock Whitney by 70.9% in the first quarter. Root Financial Partners LLC now owns 612 shares of the company’s stock valued at $39,000 after purchasing an additional 254 shares during the period. Finally, IFP Advisors Inc raised its position in Hancock Whitney by 67.6% in the third quarter. IFP Advisors Inc now owns 627 shares of the company’s stock valued at $39,000 after purchasing an additional 253 shares during the period. Institutional investors and hedge funds own 81.22% of the company’s stock.

Insider Buying and Selling at Hancock Whitney

In other news, insider Emory L. Mayfield, Jr. sold 4,990 shares of the business’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $76.40, for a total value of $381,236.00. Following the completion of the sale, the insider owned 15,565 shares of the company’s stock, valued at approximately $1,189,166. The trade was a 24.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Michael M. Achary sold 22,694 shares of the company’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $76.18, for a total transaction of $1,728,828.92. Following the completion of the sale, the chief financial officer owned 44,160 shares in the company, valued at approximately $3,364,108.80. This trade represents a 33.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.92% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on HWC shares. Keefe, Bruyette & Woods upped their target price on Hancock Whitney from $78.00 to $80.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 22nd. Stephens reduced their price target on Hancock Whitney from $86.00 to $85.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 22nd. Hovde Group lowered Hancock Whitney from an “outperform” rating to a “market perform” rating and set a $74.00 price target on the stock. in a research report on Friday, June 12th. Wall Street Zen upgraded Hancock Whitney from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Finally, Citigroup reaffirmed a “buy” rating on shares of Hancock Whitney in a research report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $83.78.

Get Our Latest Report on Hancock Whitney

Hancock Whitney Trading Up 0.1%

Shares of HWC opened at $75.07 on Friday. The company has a market capitalization of $6.02 billion, a P/E ratio of 14.72 and a beta of 0.95. Hancock Whitney Corporation has a one year low of $54.05 and a one year high of $80.13. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a 50-day moving average price of $76.14 and a 200 day moving average price of $70.23.

Hancock Whitney (NASDAQ:HWCGet Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The company reported $1.55 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.55. Hancock Whitney had a return on equity of 11.36% and a net margin of 21.81%.The company had revenue of $403.57 million for the quarter, compared to the consensus estimate of $398.89 million. During the same period in the previous year, the business earned $1.37 EPS. Hancock Whitney’s revenue for the quarter was up 6.9% compared to the same quarter last year. Sell-side analysts forecast that Hancock Whitney Corporation will post 6.44 EPS for the current fiscal year.

Hancock Whitney Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, September 4th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Friday, September 4th. Hancock Whitney’s payout ratio is 39.22%.

Hancock Whitney Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Hancock Whitney (NASDAQ:HWC)

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