Barclays PLC Sells 7,714 Shares of Hancock Whitney Co. (NASDAQ:HWC)

Barclays PLC lessened its holdings in Hancock Whitney Co. (NASDAQ:HWCFree Report) by 3.9% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 191,547 shares of the company’s stock after selling 7,714 shares during the period. Barclays PLC’s holdings in Hancock Whitney were worth $7,086,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. EverSource Wealth Advisors LLC raised its position in shares of Hancock Whitney by 39.2% in the second quarter. EverSource Wealth Advisors LLC now owns 902 shares of the company’s stock valued at $35,000 after purchasing an additional 254 shares during the period. OLD Point Trust & Financial Services N A purchased a new position in Hancock Whitney in the 2nd quarter valued at approximately $38,000. Sunbelt Securities Inc. raised its holdings in Hancock Whitney by 136.8% during the 2nd quarter. Sunbelt Securities Inc. now owns 1,011 shares of the company’s stock valued at $39,000 after acquiring an additional 584 shares during the period. Covestor Ltd raised its holdings in Hancock Whitney by 81.0% during the 1st quarter. Covestor Ltd now owns 760 shares of the company’s stock valued at $40,000 after acquiring an additional 340 shares during the period. Finally, Coppell Advisory Solutions Corp. purchased a new stake in shares of Hancock Whitney during the fourth quarter worth $45,000. 84.45% of the stock is currently owned by institutional investors.

Hancock Whitney Stock Up 1.3 %

Shares of NASDAQ:HWC opened at $42.60 on Thursday. The firm has a fifty day moving average of $46.03 and a 200 day moving average of $41.44. Hancock Whitney Co. has a 52-week low of $31.02 and a 52-week high of $53.88. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a market capitalization of $3.67 billion, a PE ratio of 9.47 and a beta of 1.35.

Hancock Whitney (NASDAQ:HWCGet Free Report) last announced its quarterly earnings data on Tuesday, January 16th. The company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.19 by $0.07. The firm had revenue of $308.41 million for the quarter, compared to analyst estimates of $355.51 million. Hancock Whitney had a return on equity of 12.54% and a net margin of 20.57%. During the same period in the prior year, the company earned $1.65 EPS. As a group, research analysts anticipate that Hancock Whitney Co. will post 4.78 EPS for the current fiscal year.

Hancock Whitney Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Tuesday, March 5th will be issued a $0.30 dividend. The ex-dividend date is Monday, March 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.82%. Hancock Whitney’s payout ratio is 26.67%.

Insider Activity

In related news, insider Joseph S. Exnicios sold 4,042 shares of the stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $45.28, for a total transaction of $183,021.76. Following the completion of the sale, the insider now directly owns 40,016 shares in the company, valued at approximately $1,811,924.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Hancock Whitney news, insider Joseph S. Exnicios sold 4,042 shares of the firm’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $45.28, for a total value of $183,021.76. Following the sale, the insider now owns 40,016 shares of the company’s stock, valued at approximately $1,811,924.48. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Joseph S. Exnicios sold 9,857 shares of the business’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $47.15, for a total transaction of $464,757.55. Following the completion of the transaction, the insider now owns 30,159 shares in the company, valued at approximately $1,421,996.85. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,589 shares of company stock valued at $1,475,848. Corporate insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

HWC has been the topic of a number of analyst reports. DA Davidson began coverage on Hancock Whitney in a research note on Friday, January 19th. They set a “buy” rating and a $55.00 price objective on the stock. Piper Sandler increased their price target on shares of Hancock Whitney from $51.00 to $55.00 and gave the stock an “overweight” rating in a report on Wednesday, January 17th. Citigroup initiated coverage on shares of Hancock Whitney in a research note on Friday, December 1st. They set a “neutral” rating and a $45.00 price objective for the company. StockNews.com raised shares of Hancock Whitney from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Finally, Truist Financial lowered shares of Hancock Whitney from a “buy” rating to a “hold” rating and reduced their price target for the company from $54.00 to $50.00 in a research report on Friday, January 5th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $48.39.

Get Our Latest Research Report on Hancock Whitney

Hancock Whitney Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding HWC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hancock Whitney Co. (NASDAQ:HWCFree Report).

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

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