Trust Point Inc. Has $307,000 Stake in Hancock Whitney Co. (NASDAQ:HWC)

Trust Point Inc. grew its position in Hancock Whitney Co. (NASDAQ:HWC) by 10.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,005 shares of the company’s stock after purchasing an additional 577 shares during the quarter. Trust Point Inc.’s holdings in Hancock Whitney were worth $307,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. nVerses Capital LLC bought a new stake in Hancock Whitney during the third quarter valued at $72,000. Hunter Perkins Capital Management LLC boosted its position in shares of Hancock Whitney by 10.3% during the 3rd quarter. Hunter Perkins Capital Management LLC now owns 15,915 shares of the company’s stock valued at $814,000 after purchasing an additional 1,480 shares in the last quarter. Oliver Luxxe Assets LLC acquired a new stake in Hancock Whitney during the third quarter worth approximately $1,818,000. CHICAGO TRUST Co NA bought a new stake in Hancock Whitney in the third quarter worth approximately $202,000. Finally, CWM LLC boosted its holdings in shares of Hancock Whitney by 170.3% during the 3rd quarter. CWM LLC now owns 2,662 shares of the company’s stock worth $136,000 after buying an additional 1,677 shares in the last quarter. 81.22% of the stock is currently owned by institutional investors and hedge funds.

Hancock Whitney Stock Performance

Shares of Hancock Whitney stock opened at $52.18 on Friday. Hancock Whitney Co. has a 52 week low of $32.16 and a 52 week high of $57.78. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.06. The business has a 50 day moving average price of $50.95 and a 200-day moving average price of $48.64. The company has a market cap of $4.52 billion, a PE ratio of 12.16 and a beta of 1.26.

Hancock Whitney (NASDAQ:HWC) last issued its quarterly earnings data on Tuesday, October 15th. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.02. The business had revenue of $525.37 million for the quarter, compared to analysts’ expectations of $363.54 million. Hancock Whitney had a return on equity of 11.51% and a net margin of 18.63%. During the same period last year, the business earned $1.12 EPS. Equities analysts anticipate that Hancock Whitney Co. will post 5.14 earnings per share for the current fiscal year.

Hancock Whitney Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Thursday, September 5th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend was Thursday, September 5th. Hancock Whitney’s payout ratio is currently 37.30%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on HWC shares. DA Davidson lifted their price objective on shares of Hancock Whitney from $62.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday. Keefe, Bruyette & Woods upped their price objective on shares of Hancock Whitney from $55.00 to $60.00 and gave the company an “outperform” rating in a report on Wednesday, July 17th. Truist Financial cut their price objective on shares of Hancock Whitney from $57.00 to $56.00 and set a “hold” rating on the stock in a research report on Friday, September 20th. Piper Sandler upped their price target on Hancock Whitney from $52.00 to $62.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 17th. Finally, Hovde Group raised their price objective on Hancock Whitney from $55.00 to $62.00 and gave the company an “outperform” rating in a research note on Wednesday, July 17th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $56.89.

Insider Buying and Selling

In other Hancock Whitney news, Director Frank E. Bertucci sold 2,053 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $57.03, for a total value of $117,082.59. Following the completion of the sale, the director now owns 22,554 shares in the company, valued at approximately $1,286,254.62. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.10% of the stock is owned by corporate insiders.

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 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.