Quest Partners LLC Has $1.69 Million Holdings in Hancock Whitney Co. (NASDAQ:HWC)

Quest Partners LLC grew its position in Hancock Whitney Co. (NASDAQ:HWC) by 66.7% in the third quarter, Holdings Channel reports. The fund owned 33,106 shares of the company’s stock after acquiring an additional 13,243 shares during the quarter. Quest Partners LLC’s holdings in Hancock Whitney were worth $1,694,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Hancock Whitney by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 9,226,780 shares of the company’s stock worth $424,801,000 after acquiring an additional 34,152 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Hancock Whitney by 3.5% in the second quarter. Dimensional Fund Advisors LP now owns 4,980,204 shares of the company’s stock worth $238,197,000 after purchasing an additional 167,304 shares during the last quarter. American Century Companies Inc. increased its holdings in Hancock Whitney by 20.4% in the second quarter. American Century Companies Inc. now owns 1,401,113 shares of the company’s stock valued at $67,015,000 after purchasing an additional 237,526 shares during the period. Hancock Whitney Corp raised its position in Hancock Whitney by 30.9% during the 2nd quarter. Hancock Whitney Corp now owns 1,069,223 shares of the company’s stock worth $51,141,000 after purchasing an additional 252,473 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in Hancock Whitney by 20.9% during the 2nd quarter. Millennium Management LLC now owns 780,882 shares of the company’s stock worth $37,350,000 after buying an additional 135,076 shares during the period. Institutional investors and hedge funds own 81.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Truist Financial lowered their price objective on Hancock Whitney from $57.00 to $56.00 and set a “hold” rating for the company in a research report on Friday, September 20th. DA Davidson boosted their price target on shares of Hancock Whitney from $62.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $56.89.

Insider Transactions at Hancock Whitney

In other Hancock Whitney news, CEO John M. Hairston sold 18,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $59.44, for a total transaction of $1,069,920.00. Following the completion of the sale, the chief executive officer now directly owns 254,026 shares of the company’s stock, valued at approximately $15,099,305.44. The trade was a 6.62 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Carleton Richard Wilkins sold 800 shares of the firm’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $50.95, for a total value of $40,760.00. Following the completion of the transaction, the director now owns 15,900 shares in the company, valued at $810,105. This represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,994 shares of company stock valued at $1,593,710 over the last ninety days. 1.10% of the stock is owned by company insiders.

Hancock Whitney Stock Down 1.7 %

Hancock Whitney stock opened at $57.47 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $4.95 billion, a PE ratio of 12.89 and a beta of 1.25. The firm’s fifty day moving average is $52.67 and its 200 day moving average is $50.23. Hancock Whitney Co. has a 12-month low of $39.38 and a 12-month high of $61.41.

Hancock Whitney (NASDAQ:HWC) last released its quarterly earnings data on Tuesday, October 15th. The company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.02. The company had revenue of $525.37 million for the quarter, compared to analysts’ expectations of $363.54 million. Hancock Whitney had a net margin of 19.30% and a return on equity of 11.47%. During the same quarter in the prior year, the firm earned $1.12 EPS. As a group, sell-side analysts predict that Hancock Whitney Co. will post 5.2 EPS for the current fiscal year.

Hancock Whitney Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Thursday, December 5th will be issued a dividend of $0.40 per share. The ex-dividend date is Thursday, December 5th. This represents a $1.60 annualized dividend and a dividend yield of 2.78%. Hancock Whitney’s dividend payout ratio is 35.87%.

Hancock Whitney Company 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.