Insider Selling: Hancock Whitney Co. (NASDAQ:HWC) Director Sells $59,306.00 in Stock

Hancock Whitney Co. (NASDAQ:HWC) Director Christine L. Pickering sold 1,300 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $45.62, for a total transaction of $59,306.00. Following the transaction, the director now owns 23,982 shares of the company’s stock, valued at $1,094,058.84. The transaction was disclosed in a filing with the SEC, which is available through this link.

Hancock Whitney Stock Performance

HWC stock opened at $47.57 on Friday. The firm has a market cap of $4.11 billion, a PE ratio of 11.09 and a beta of 1.31. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.06. The stock has a 50-day moving average price of $44.05 and a 200-day moving average price of $43.18. Hancock Whitney Co. has a 1-year low of $31.02 and a 1-year high of $49.65.

Hancock Whitney Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Wednesday, June 5th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.36%. This is a boost from Hancock Whitney’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Wednesday, June 5th. Hancock Whitney’s dividend payout ratio is presently 27.97%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of HWC. Turtle Creek Wealth Advisors LLC bought a new position in Hancock Whitney in the fourth quarter worth approximately $29,000. OLD Point Trust & Financial Services N A acquired a new position in shares of Hancock Whitney during the fourth quarter worth approximately $49,000. Quadrant Capital Group LLC lifted its holdings in shares of Hancock Whitney by 35.2% in the 4th quarter. Quadrant Capital Group LLC now owns 1,260 shares of the company’s stock worth $61,000 after purchasing an additional 328 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Hancock Whitney by 155.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,714 shares of the company’s stock valued at $83,000 after purchasing an additional 1,044 shares during the period. Finally, Blue Trust Inc. increased its stake in Hancock Whitney by 32.4% during the 4th quarter. Blue Trust Inc. now owns 2,569 shares of the company’s stock valued at $125,000 after purchasing an additional 628 shares in the last quarter. 81.22% of the stock is owned by institutional investors.

Analyst Ratings Changes

HWC has been the subject of several research analyst reports. Jefferies Financial Group lowered their price target on shares of Hancock Whitney from $51.00 to $45.00 and set a “hold” rating for the company in a report on Monday, April 8th. StockNews.com downgraded Hancock Whitney from a “hold” rating to a “sell” rating in a research report on Sunday, March 31st. Stephens restated an “equal weight” rating and set a $50.00 price target on shares of Hancock Whitney in a report on Wednesday, April 17th. Truist Financial dropped their price objective on shares of Hancock Whitney from $50.00 to $46.00 and set a “hold” rating for the company in a report on Wednesday, April 17th. Finally, DA Davidson boosted their target price on shares of Hancock Whitney from $55.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $50.71.

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.