Hibernia Wealth Partners LLC Buys New Stake in Hancock Whitney Co. (NASDAQ:HWC)

Hibernia Wealth Partners LLC purchased a new position in shares of Hancock Whitney Co. (NASDAQ:HWC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 13,064 shares of the company’s stock, valued at approximately $669,000.

A number of other institutional investors also recently made changes to their positions in HWC. Retirement Systems of Alabama lifted its stake in shares of Hancock Whitney by 0.3% during the first quarter. Retirement Systems of Alabama now owns 108,183 shares of the company’s stock valued at $4,981,000 after buying an additional 284 shares during the period. AlphaMark Advisors LLC lifted its stake in shares of Hancock Whitney by 5.7% during the 2nd quarter. AlphaMark Advisors LLC now owns 6,622 shares of the company’s stock worth $317,000 after purchasing an additional 356 shares during the period. Blue Trust Inc. boosted its holdings in shares of Hancock Whitney by 19.1% during the third quarter. Blue Trust Inc. now owns 2,971 shares of the company’s stock worth $142,000 after purchasing an additional 476 shares during the last quarter. State of Michigan Retirement System grew its position in shares of Hancock Whitney by 2.4% in the first quarter. State of Michigan Retirement System now owns 21,140 shares of the company’s stock valued at $973,000 after purchasing an additional 500 shares during the period. Finally, SG Americas Securities LLC increased its stake in Hancock Whitney by 5.5% in the second quarter. SG Americas Securities LLC now owns 10,865 shares of the company’s stock valued at $520,000 after purchasing an additional 568 shares during the last quarter. 81.22% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Carleton Richard Wilkins sold 800 shares of Hancock Whitney stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $50.95, for a total transaction of $40,760.00. Following the sale, the director now owns 15,900 shares in the company, valued at $810,105. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CFO Michael M. Achary sold 8,431 shares of the business’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $52.55, for a total value of $443,049.05. Following the completion of the sale, the chief financial officer now owns 54,380 shares of the company’s stock, valued at approximately $2,857,669. The trade was a 0.00 % 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, Director Carleton Richard Wilkins sold 800 shares of the company’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $50.95, for a total transaction of $40,760.00. Following the completion of the sale, the director now owns 15,900 shares in the company, valued at approximately $810,105. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

HWC has been the topic of a number of research analyst reports. DA Davidson raised their price target on Hancock Whitney from $62.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Keefe, Bruyette & Woods raised their target price on shares of Hancock Whitney from $55.00 to $60.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 17th. Hovde Group upped their price target on shares of Hancock Whitney from $55.00 to $62.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 17th. Piper Sandler lifted their price target on shares of Hancock Whitney from $52.00 to $62.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th. Finally, Jefferies Financial Group dropped their price objective on Hancock Whitney from $48.00 to $47.00 and set a “hold” rating for the company in a report on Wednesday, July 3rd. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $56.89.

Hancock Whitney Stock Performance

Shares of HWC stock opened at $51.59 on Monday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.06. The company has a market cap of $4.45 billion, a PE ratio of 11.57 and a beta of 1.26. The company’s fifty day simple moving average is $51.23 and its 200-day simple moving average is $48.94. Hancock Whitney Co. has a 52 week low of $32.69 and a 52 week high of $57.78.

Hancock Whitney (NASDAQ:HWC) last released its quarterly earnings data on Tuesday, October 15th. The company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.31 by $0.02. The company had revenue of $525.37 million for the quarter, compared to analyst estimates of $363.54 million. Hancock Whitney had a return on equity of 11.47% and a net margin of 19.30%. During the same period last year, the company posted $1.12 earnings per share. As a group, equities research analysts anticipate that Hancock Whitney Co. will post 5.19 EPS for the current year.

Hancock Whitney Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Thursday, December 5th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend is Thursday, December 5th. Hancock Whitney’s dividend payout ratio (DPR) is presently 35.87%.

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.