Hancock Whitney Co. (NASDAQ:HWC) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D decreased its holdings in Hancock Whitney Co. (NASDAQ:HWCGet Rating) by 15.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 46,661 shares of the company’s stock after selling 8,335 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.05% of Hancock Whitney worth $2,433,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. State of Michigan Retirement System increased its holdings in Hancock Whitney by 0.9% in the fourth quarter. State of Michigan Retirement System now owns 21,986 shares of the company’s stock valued at $1,100,000 after buying an additional 200 shares during the last quarter. Pacer Advisors Inc. increased its holdings in Hancock Whitney by 2.3% in the fourth quarter. Pacer Advisors Inc. now owns 11,928 shares of the company’s stock valued at $597,000 after buying an additional 264 shares during the last quarter. Profund Advisors LLC increased its holdings in Hancock Whitney by 5.7% in the fourth quarter. Profund Advisors LLC now owns 6,762 shares of the company’s stock valued at $338,000 after buying an additional 364 shares during the last quarter. Belpointe Asset Management LLC increased its holdings in Hancock Whitney by 14.4% in the first quarter. Belpointe Asset Management LLC now owns 2,916 shares of the company’s stock valued at $153,000 after buying an additional 367 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its holdings in Hancock Whitney by 1.8% in the first quarter. Louisiana State Employees Retirement System now owns 22,700 shares of the company’s stock valued at $1,150,000 after buying an additional 400 shares during the last quarter. Institutional investors and hedge funds own 78.36% of the company’s stock.

Insiders Place Their Bets

In other Hancock Whitney news, insider Cecil W. Knight, Jr. sold 1,250 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $49.24, for a total value of $61,550.00. Following the completion of the sale, the insider now directly owns 30,260 shares in the company, valued at $1,490,002.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Hancock Whitney news, CEO John M. Hairston sold 26,473 shares of the company’s stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $47.15, for a total value of $1,248,201.95. Following the completion of the sale, the chief executive officer now directly owns 201,633 shares in the company, valued at $9,506,995.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Cecil W. Knight, Jr. sold 1,250 shares of the stock in a transaction on Monday, August 1st. The shares were sold at an average price of $49.24, for a total value of $61,550.00. Following the sale, the insider now owns 30,260 shares of the company’s stock, valued at approximately $1,490,002.40. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Jefferies Financial Group lowered their price objective on Hancock Whitney from $60.00 to $55.00 and set a “buy” rating for the company in a report on Monday, July 11th. Piper Sandler upped their target price on Hancock Whitney to $60.00 in a report on Friday, July 22nd. Raymond James lowered their target price on Hancock Whitney from $65.00 to $58.00 and set a “strong-buy” rating for the company in a report on Thursday, July 7th. StockNews.com lowered Hancock Whitney from a “buy” rating to a “hold” rating in a report on Monday, May 23rd. Finally, Truist Financial lowered their target price on Hancock Whitney from $63.00 to $58.00 in a report on Wednesday, June 15th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $57.17.

Hancock Whitney Stock Performance

Shares of HWC stock opened at $48.01 on Wednesday. Hancock Whitney Co. has a 12-month low of $41.62 and a 12-month high of $59.82. The firm has a market capitalization of $4.15 billion, a price-to-earnings ratio of 8.29 and a beta of 1.40. The business has a 50 day simple moving average of $46.29 and a 200 day simple moving average of $49.80. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.74 and a quick ratio of 0.73.

Hancock Whitney (NASDAQ:HWCGet Rating) last issued its quarterly earnings data on Tuesday, July 19th. The company reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.03. Hancock Whitney had a return on equity of 14.41% and a net margin of 38.60%. During the same period last year, the business posted $1.37 earnings per share. On average, equities research analysts anticipate that Hancock Whitney Co. will post 5.85 EPS for the current year.

Hancock Whitney Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Tuesday, September 6th will be given a $0.27 dividend. The ex-dividend date is Friday, September 2nd. This represents a $1.08 dividend on an annualized basis and a yield of 2.25%. Hancock Whitney’s dividend payout ratio (DPR) is 18.65%.

About Hancock Whitney

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Hancock Whitney Corporation operates as the bank holding company for Hancock Whitney Bank that provides a range of banking products and services to commercial, small business, and retail customers. It accepts various deposit products, such as noninterest-bearing demand deposits, interest-bearing transaction accounts, savings accounts, money market deposit accounts, and time deposit accounts.

Further Reading

Institutional Ownership by Quarter for Hancock Whitney (NASDAQ:HWC)

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