Choreo LLC Has $626,000 Stock Holdings in Hancock Whitney Corporation $HWC

Choreo LLC decreased its stake in Hancock Whitney Corporation (NASDAQ:HWC) by 8.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,905 shares of the company’s stock after selling 1,058 shares during the quarter. Choreo LLC’s holdings in Hancock Whitney were worth $626,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. True Wealth Design LLC lifted its stake in Hancock Whitney by 929.5% during the second quarter. True Wealth Design LLC now owns 453 shares of the company’s stock valued at $26,000 after buying an additional 409 shares in the last quarter. Brooklyn Investment Group purchased a new position in shares of Hancock Whitney in the first quarter worth approximately $31,000. Virtus Advisers LLC acquired a new stake in shares of Hancock Whitney during the first quarter valued at approximately $41,000. Hantz Financial Services Inc. raised its holdings in shares of Hancock Whitney by 6,107.7% during the second quarter. Hantz Financial Services Inc. now owns 807 shares of the company’s stock valued at $46,000 after acquiring an additional 794 shares during the period. Finally, Amundi purchased a new stake in shares of Hancock Whitney in the 1st quarter valued at approximately $50,000. Hedge funds and other institutional investors own 81.22% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on HWC shares. Raymond James Financial lowered their price objective on shares of Hancock Whitney from $73.00 to $72.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, October 15th. Wall Street Zen downgraded Hancock Whitney from a “hold” rating to a “sell” rating in a report on Monday, August 11th. Weiss Ratings reissued a “buy (b-)” rating on shares of Hancock Whitney in a research note on Monday, November 24th. Citigroup raised their price objective on Hancock Whitney from $70.00 to $74.00 and gave the stock a “buy” rating in a research report on Tuesday, August 26th. Finally, Keefe, Bruyette & Woods upped their target price on Hancock Whitney from $64.00 to $65.00 and gave the company a “market perform” rating in a report on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Hancock Whitney currently has a consensus rating of “Buy” and a consensus target price of $70.14.

Insider Buying and Selling

In other news, CFO Michael M. Achary sold 9,894 shares of the stock in a transaction on Friday, October 17th. The shares were sold at an average price of $54.86, for a total transaction of $542,784.84. Following the transaction, the chief financial officer owned 55,733 shares in the company, valued at $3,057,512.38. This represents a 15.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.91% of the stock is owned by corporate insiders.

Hancock Whitney Stock Performance

Shares of NASDAQ HWC opened at $61.97 on Tuesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.79 and a quick ratio of 0.79. Hancock Whitney Corporation has a one year low of $43.90 and a one year high of $64.66. The business’s 50-day moving average price is $59.29 and its two-hundred day moving average price is $59.13. The company has a market capitalization of $5.18 billion, a P/E ratio of 11.09 and a beta of 1.18.

Hancock Whitney (NASDAQ:HWC) last announced its quarterly earnings results on Tuesday, October 14th. The company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.06. The business had revenue of $175.56 million during the quarter, compared to analyst estimates of $391.32 million. Hancock Whitney had a return on equity of 11.29% and a net margin of 23.99%.During the same period in the previous year, the company earned $1.33 EPS. Analysts anticipate that Hancock Whitney Corporation will post 5.53 earnings per share for the current fiscal year.

Hancock Whitney Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, December 5th will be paid a $0.45 dividend. The ex-dividend date is Friday, December 5th. This represents a $1.80 dividend on an annualized basis and a yield of 2.9%. Hancock Whitney’s payout ratio is 32.20%.

Hancock Whitney Profile

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.