Client 1ST Advisory Group LLC Makes New $272,000 Investment in Hancock Whitney Co. (NASDAQ:HWC)

Client 1ST Advisory Group LLC acquired a new stake in Hancock Whitney Co. (NASDAQ:HWC) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,976 shares of the company’s stock, valued at approximately $272,000.

Other hedge funds have also made changes to their positions in the company. Harvest Fund Management Co. Ltd acquired a new stake in Hancock Whitney in the third quarter worth approximately $28,000. Grove Bank & Trust acquired a new stake in shares of Hancock Whitney in the fourth quarter valued at $31,000. nVerses Capital LLC bought a new position in Hancock Whitney during the third quarter valued at about $72,000. CWM LLC grew its holdings in Hancock Whitney by 170.3% during the third quarter. CWM LLC now owns 2,662 shares of the company’s stock worth $136,000 after acquiring an additional 1,677 shares during the period. Finally, TD Private Client Wealth LLC raised its position in Hancock Whitney by 30.7% in the third quarter. TD Private Client Wealth LLC now owns 2,941 shares of the company’s stock worth $150,000 after acquiring an additional 691 shares in the last quarter. Institutional investors and hedge funds own 81.22% of the company’s stock.

Insider Transactions at Hancock Whitney

In other Hancock Whitney news, CEO John M. Hairston sold 18,000 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $59.44, for a total value 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 $15,099,305.44. This represents a 6.62 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Christine L. Pickering sold 763 shares of the business’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $52.40, for a total transaction of $39,981.20. Following the transaction, the director now owns 23,518 shares in the company, valued at approximately $1,232,343.20. The trade was a 3.14 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by corporate insiders.

Hancock Whitney Price Performance

Shares of Hancock Whitney stock opened at $59.10 on Monday. Hancock Whitney Co. has a 1-year low of $41.19 and a 1-year high of $62.40. The firm has a fifty day simple moving average of $57.33 and a 200-day simple moving average of $53.49. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $5.09 billion, a price-to-earnings ratio of 13.25 and a beta of 1.27.

Hancock Whitney Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Thursday, December 5th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.71%. The ex-dividend date was Thursday, December 5th. Hancock Whitney’s dividend payout ratio is currently 35.87%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on HWC shares. Keefe, Bruyette & Woods lifted their price objective on shares of Hancock Whitney from $60.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. Raymond James upgraded shares of Hancock Whitney from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, December 19th. DA Davidson raised their price objective on Hancock Whitney from $62.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Finally, Stephens restated an “overweight” rating and issued a $68.00 target price on shares of Hancock Whitney in a report on Thursday, January 2nd. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.63.

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.