Envestnet Asset Management Inc. Increases Stake in Hancock Whitney Co. (NASDAQ:HWC)

Envestnet Asset Management Inc. increased its holdings in shares of Hancock Whitney Co. (NASDAQ:HWCGet Rating) by 8.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,584 shares of the company’s stock after buying an additional 2,666 shares during the period. Envestnet Asset Management Inc.’s holdings in Hancock Whitney were worth $1,577,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in HWC. Prospera Financial Services Inc grew its holdings in Hancock Whitney by 2.1% during the 1st quarter. Prospera Financial Services Inc now owns 11,118 shares of the company’s stock worth $580,000 after acquiring an additional 231 shares in the last quarter. Csenge Advisory Group grew its holdings in Hancock Whitney by 4.1% during the 1st quarter. Csenge Advisory Group now owns 7,532 shares of the company’s stock worth $393,000 after acquiring an additional 295 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in Hancock Whitney by 12.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,980 shares of the company’s stock worth $154,000 after acquiring an additional 329 shares in the last quarter. Covestor Ltd grew its holdings in Hancock Whitney by 81.0% during the 1st quarter. Covestor Ltd now owns 760 shares of the company’s stock worth $40,000 after acquiring an additional 340 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in Hancock Whitney by 0.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 45,078 shares of the company’s stock worth $1,998,000 after acquiring an additional 388 shares in the last quarter. 79.01% of the stock is owned by hedge funds and other institutional investors.

Hancock Whitney Stock Up 0.1 %

Shares of NASDAQ:HWC opened at $52.79 on Monday. The stock has a market cap of $4.52 billion, a P/E ratio of 8.98 and a beta of 1.37. The firm has a fifty day moving average price of $51.18 and a 200 day moving average price of $48.70. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.76 and a quick ratio of 0.76. Hancock Whitney Co. has a 1-year low of $41.62 and a 1-year high of $59.82.

Hancock Whitney (NASDAQ:HWCGet Rating) last issued its quarterly earnings results on Tuesday, October 18th. The company reported $1.55 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.55. The firm had revenue of $365.64 million during the quarter, compared to analysts’ expectations of $363.06 million. Hancock Whitney had a net margin of 37.70% and a return on equity of 15.08%. During the same quarter in the prior year, the business earned $1.45 EPS. Sell-side analysts predict that Hancock Whitney Co. will post 5.97 EPS for the current year.

Hancock Whitney Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Monday, December 5th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date is Friday, December 2nd. Hancock Whitney’s dividend payout ratio is currently 18.37%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Raymond James upped their target price on shares of Hancock Whitney from $58.00 to $61.00 and gave the company a “strong-buy” rating in a report on Wednesday, October 19th. StockNews.com cut shares of Hancock Whitney from a “buy” rating to a “hold” rating in a report on Thursday, October 20th. Finally, DA Davidson upped their target price on shares of Hancock Whitney from $56.00 to $60.00 in a report on Tuesday, August 16th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $58.50.

Insider Buying and Selling

In other Hancock Whitney news, insider Joseph S. Exnicios sold 2,540 shares of the company’s stock in a transaction on Monday, November 7th. The shares were sold at an average price of $55.57, for a total transaction of $141,147.80. Following the completion of the transaction, the insider now owns 21,557 shares in the company, valued at approximately $1,197,922.49. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Hancock Whitney news, CFO Michael M. Achary sold 2,032 shares of the company’s stock in a transaction on Friday, October 21st. The shares were sold at an average price of $51.43, for a total transaction of $104,505.76. Following the completion of the transaction, the chief financial officer now owns 43,117 shares in the company, valued at approximately $2,217,507.31. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Joseph S. Exnicios sold 2,540 shares of the company’s stock in a transaction on Monday, November 7th. The stock was sold at an average price of $55.57, for a total transaction of $141,147.80. Following the transaction, the insider now owns 21,557 shares of the company’s stock, valued at approximately $1,197,922.49. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.

Hancock Whitney Company Profile

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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 accepts various deposit products, including noninterest-bearing demand deposits, interest-bearing transaction accounts, savings accounts, money market deposit accounts, and time deposit accounts.

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

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