Raymond James & Associates lowered its position in Hancock Whitney Co. (NASDAQ:HWC – Free Report) by 7.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 200,508 shares of the company’s stock after selling 15,436 shares during the period. Raymond James & Associates owned about 0.23% of Hancock Whitney worth $7,696,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in HWC. Channing Capital Management LLC bought a new position in Hancock Whitney during the 1st quarter worth about $32,167,000. Norges Bank bought a new position in Hancock Whitney during the 4th quarter worth about $42,279,000. Wasatch Advisors LP bought a new position in Hancock Whitney during the 1st quarter worth about $22,744,000. State Street Corp increased its holdings in Hancock Whitney by 15.0% during the 1st quarter. State Street Corp now owns 4,567,941 shares of the company’s stock worth $238,218,000 after purchasing an additional 596,516 shares in the last quarter. Finally, William Blair Investment Management LLC increased its holdings in Hancock Whitney by 288.5% during the 1st quarter. William Blair Investment Management LLC now owns 648,568 shares of the company’s stock worth $23,608,000 after purchasing an additional 481,635 shares in the last quarter. Institutional investors own 84.45% of the company’s stock.
Insider Activity at Hancock Whitney
In related news, CEO John M. Hairston sold 23,517 shares of the business’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $44.00, for a total value of $1,034,748.00. Following the transaction, the chief executive officer now owns 205,369 shares in the company, valued at $9,036,236. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, insider Cecil W. Knight, Jr. sold 1,892 shares of the company’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $43.65, for a total transaction of $82,585.80. Following the transaction, the insider now owns 33,263 shares in the company, valued at $1,451,929.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John M. Hairston sold 23,517 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $44.00, for a total transaction of $1,034,748.00. Following the transaction, the chief executive officer now owns 205,369 shares in the company, valued at approximately $9,036,236. The disclosure for this sale can be found here. Insiders have sold a total of 26,519 shares of company stock worth $1,164,908 over the last quarter. Company insiders own 1.00% of the company’s stock.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Analysis on HWC
Hancock Whitney Price Performance
Shares of NASDAQ:HWC opened at $33.48 on Friday. The firm has a market cap of $2.88 billion, a PE ratio of 6.01 and a beta of 1.32. The firm’s fifty day moving average is $38.15 and its 200-day moving average is $38.63. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.78 and a current ratio of 0.77. Hancock Whitney Co. has a 52 week low of $31.02 and a 52 week high of $57.00.
Hancock Whitney (NASDAQ:HWC – Get Free Report) last issued its quarterly earnings results on Tuesday, October 17th. The company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.08. The company had revenue of $358.06 million for the quarter, compared to analyst estimates of $357.99 million. Hancock Whitney had a net margin of 26.03% and a return on equity of 13.95%. Hancock Whitney’s revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.55 earnings per share. Sell-side analysts predict that Hancock Whitney Co. will post 5.04 earnings per share for the current year.
Hancock Whitney Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Tuesday, September 5th were issued a $0.30 dividend. The ex-dividend date was Friday, September 1st. This represents a $1.20 annualized dividend and a yield of 3.58%. Hancock Whitney’s payout ratio is 21.54%.
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 checking and saving accounts including currency exchange and overdraft services; and range of loan products, which includes credit personal and home equity, construction, and term loans, mortgage facilities, credit cards, equipment finance, line of credit, leasing, commercial loan programs, asset based lending services, derivatives, and equipment and litigation finance, as well as new markets tax credit investment including bridge finance.
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