Hancock Whitney Corporation $HWC Shares Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al lessened its stake in Hancock Whitney Corporation (NASDAQ:HWC) by 39.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 30,701 shares of the company’s stock after selling 20,200 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Hancock Whitney were worth $2,212,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Hancock Whitney during the second quarter worth about $814,839,000. Dimensional Fund Advisors LP raised its holdings in Hancock Whitney by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 4,790,954 shares of the company’s stock valued at $304,652,000 after acquiring an additional 21,655 shares in the last quarter. Bank of America Corp DE raised its holdings in Hancock Whitney by 16.4% in the first quarter. Bank of America Corp DE now owns 807,585 shares of the company’s stock valued at $51,354,000 after acquiring an additional 114,029 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in Hancock Whitney in the second quarter valued at approximately $55,605,000. Finally, The Manufacturers Life Insurance Company purchased a new position in Hancock Whitney in the second quarter worth approximately $40,112,000. Hedge funds and other institutional investors own 81.22% of the company’s stock.

Hancock Whitney Trading Down 1.1%

NASDAQ:HWC opened at $72.62 on Wednesday. Hancock Whitney Corporation has a 1 year low of $55.76 and a 1 year high of $80.13. The stock has a market cap of $5.83 billion, a P/E ratio of 14.61 and a beta of 0.98. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a 50-day simple moving average of $73.54 and a 200-day simple moving average of $70.92.

Hancock Whitney (NASDAQ:HWC) last issued its earnings results on Tuesday, October 20th. The company reported $1.66 earnings per share for the quarter, hitting the consensus estimate of $1.66. The business had revenue of $421.91 million for the quarter, compared to analyst estimates of $421.75 million. Hancock Whitney had a return on equity of 11.65% and a net margin of 20.51%. During the same quarter last year, the company earned $1.49 EPS. As a group, analysts anticipate that Hancock Whitney Corporation will post 6.42 earnings per share for the current fiscal year.

Hancock Whitney Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Friday, December 4th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.8%. The ex-dividend date is Friday, December 4th. Hancock Whitney’s dividend payout ratio is currently 40.24%.

Analyst Ratings Changes

Several research analysts have commented on HWC shares. Piper Sandler boosted their price target on shares of Hancock Whitney from $87.00 to $88.00 and gave the stock an “overweight” rating in a report on Wednesday, October 21st. Raymond James Financial reissued a “strong-buy” rating on shares of Hancock Whitney in a research report on Wednesday, October 21st. Keefe, Bruyette & Woods reduced their price objective on shares of Hancock Whitney from $80.00 to $79.00 and set a “market perform” rating on the stock in a report on Wednesday, October 21st. Weiss Ratings raised shares of Hancock Whitney from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, August 21st. Finally, Benchmark lifted their price objective on shares of Hancock Whitney from $84.00 to $91.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. One investment 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 company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $84.56.

Insider Buying and Selling

In other Hancock Whitney news, insider Emory L. Mayfield, Jr. sold 4,990 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $76.40, for a total value of $381,236.00. Following the transaction, the insider directly owned 15,565 shares in the company, valued at $1,189,166. This represents a 24.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.92% of the stock is owned by corporate insiders.

Hancock Whitney Profile

Hancock Whitney Corporation is a financial services company headquartered in Gulfport, Mississippi, and the parent company of Hancock Whitney Bank. The bank provides banking and financial services to individuals, businesses, and institutions through branches and digital banking channels.

Its products and services include checking and savings accounts, consumer and commercial lending, residential mortgages, credit cards, treasury and cash management services, and online and mobile banking.