Harry Merritt Lane III Buys 2,000 Shares of Hancock Whitney Co. (NASDAQ:HWC) Stock

Hancock Whitney Co. (NASDAQ:HWC – Get Rating) Director Harry Merritt Lane III acquired 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 10th. The stock was acquired at an average price of $32.85 per share, for a total transaction of $65,700.00. Following the completion of the acquisition, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $65,700. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.

Hancock Whitney Stock Performance

NASDAQ:HWC opened at $36.98 on Friday. The firm has a market capitalization of $3.18 billion, a PE ratio of 6.15 and a beta of 1.31. The business’s fifty day moving average price is $35.79 and its 200 day moving average price is $45.22. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.79 and a quick ratio of 0.79. Hancock Whitney Co. has a 12 month low of $31.02 and a 12 month high of $57.00.

Hancock Whitney (NASDAQ:HWC – Get Rating) last posted its earnings results on Tuesday, April 18th. The company reported $1.45 EPS for the quarter, meeting the consensus estimate of $1.45. The firm had revenue of $452.93 million for the quarter, compared to analyst estimates of $364.87 million. Hancock Whitney had a return on equity of 15.73% and a net margin of 32.92%. During the same quarter in the prior year, the company posted $1.40 earnings per share. On average, sell-side analysts anticipate that Hancock Whitney Co. will post 5.44 earnings per share for the current fiscal year.

Hancock Whitney Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Monday, June 5th will be paid a $0.30 dividend. The ex-dividend date is Friday, June 2nd. This represents a $1.20 annualized dividend and a yield of 3.24%. Hancock Whitney’s dividend payout ratio is presently 19.90%.

Wall Street Analysts Forecast Growth

HWC has been the topic of a number of research analyst reports. Truist Financial cut their target price on Hancock Whitney from $56.00 to $43.00 and set a “buy” rating on the stock in a research report on Thursday, March 23rd. DA Davidson cut their target price on Hancock Whitney from $58.00 to $46.00 in a research report on Friday, March 17th. StockNews.com began coverage on Hancock Whitney in a research report on Thursday, May 18th. They issued a “sell” rating on the stock. Piper Sandler cut their price objective on Hancock Whitney from $50.00 to $47.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 19th. Finally, Keefe, Bruyette & Woods cut their price objective on Hancock Whitney from $45.00 to $43.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Hancock Whitney presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.56.

Hedge Funds Weigh In On Hancock Whitney

Several large investors have recently bought and sold shares of HWC. Rockefeller Capital Management L.P. boosted its stake in Hancock Whitney by 279.3% in the third quarter. Rockefeller Capital Management L.P. now owns 660 shares of the company’s stock valued at $30,000 after acquiring an additional 486 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in Hancock Whitney by 51.6% in the first quarter. Parkside Financial Bank & Trust now owns 937 shares of the company’s stock valued at $34,000 after acquiring an additional 319 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in Hancock Whitney in the first quarter valued at $38,000. Covestor Ltd boosted its stake in Hancock Whitney by 81.0% in the first quarter. Covestor Ltd now owns 760 shares of the company’s stock valued at $40,000 after acquiring an additional 340 shares in the last quarter. Finally, Coppell Advisory Solutions Corp. purchased a new stake in Hancock Whitney in the 4th quarter valued at $45,000. Institutional investors and hedge funds own 79.09% of the company’s stock.

Hancock Whitney Company Profile

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Hancock Whitney Corp. operates as a bank holding company, which engages in the provision of financial services. It also offers trust and investment management services to retirement plans, corporations, individuals, brokerage services, annuity products, life insurance, general insurance and agency services, including life, title insurance and consumer financing service.