Hancock Whitney Corporation (HWC) to Issue Quarterly Dividend of $0.45 on December 15th

Hancock Whitney Corporation (NASDAQ:HWC) declared a quarterly dividend on Thursday, October 23rd. Investors of record on Friday, December 5th will be given a dividend of 0.45 per share on Monday, December 15th. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Friday, December 5th.

Hancock Whitney has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 3 consecutive years. Hancock Whitney has a dividend payout ratio of 31.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Hancock Whitney to earn $5.67 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 31.7%.

Hancock Whitney Stock Up 1.3%

HWC traded up $0.83 during midday trading on Wednesday, hitting $62.44. The company had a trading volume of 71,895 shares, compared to its average volume of 764,510. The stock’s 50 day moving average price is $59.27 and its 200 day moving average price is $59.16. Hancock Whitney has a 52 week low of $43.90 and a 52 week high of $64.66. The company has a market capitalization of $5.22 billion, a price-to-earnings ratio of 11.18 and a beta of 1.10. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.05.

Hancock Whitney (NASDAQ:HWC) last issued its earnings results on Tuesday, October 14th. The company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.43 by $0.06. The company had revenue of $175.56 million during the quarter, compared to the consensus estimate 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 last year, the business posted $1.33 EPS. On average, research analysts anticipate that Hancock Whitney will post 5.53 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Michael M. Achary sold 9,894 shares of the business’s stock in a transaction dated Friday, October 17th. The stock was sold at an average price of $54.86, for a total value of $542,784.84. Following the sale, the chief financial officer directly owned 55,733 shares in the company, valued at approximately $3,057,512.38. The trade was a 15.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.91% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Hancock Whitney

Hedge funds and other institutional investors have recently bought and sold shares of the business. True Wealth Design LLC lifted its holdings in Hancock Whitney by 929.5% during the 2nd quarter. True Wealth Design LLC now owns 453 shares of the company’s stock worth $26,000 after purchasing an additional 409 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of Hancock Whitney in the first quarter worth about $31,000. IFP Advisors Inc boosted its position in shares of 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 acquiring an additional 253 shares during the period. Virtus Advisers LLC purchased a new position in Hancock Whitney during the first quarter valued at approximately $41,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in Hancock Whitney during the third quarter valued at approximately $45,000. Institutional investors own 81.22% of the company’s stock.

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.