Intech Investment Management LLC Sells 9,085 Shares of Hancock Whitney Co. (NASDAQ:HWC)

Intech Investment Management LLC lowered its stake in Hancock Whitney Co. (NASDAQ:HWC) by 24.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,537 shares of the company’s stock after selling 9,085 shares during the quarter. Intech Investment Management LLC’s holdings in Hancock Whitney were worth $1,460,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of HWC. Segall Bryant & Hamill LLC grew its position in Hancock Whitney by 8.8% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 692,387 shares of the company’s stock valued at $35,429,000 after purchasing an additional 55,869 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Hancock Whitney in the 3rd quarter valued at $810,000. Pathstone Holdings LLC grew its position in Hancock Whitney by 7.0% in the 3rd quarter. Pathstone Holdings LLC now owns 32,730 shares of the company’s stock valued at $1,675,000 after purchasing an additional 2,134 shares during the period. LMR Partners LLP acquired a new stake in Hancock Whitney in the 3rd quarter valued at $315,000. Finally, Quest Partners LLC grew its position in Hancock Whitney by 66.7% in the 3rd quarter. Quest Partners LLC now owns 33,106 shares of the company’s stock valued at $1,694,000 after purchasing an additional 13,243 shares during the period. Institutional investors own 81.22% of the company’s stock.

Insider Buying and Selling

In related news, CEO John M. Hairston sold 18,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $59.44, for a total value of $1,069,920.00. Following the sale, the chief executive officer now directly owns 254,026 shares in the company, valued at approximately $15,099,305.44. The trade was a 6.62 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Michael M. Achary sold 8,431 shares of the business’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $52.55, for a total value of $443,049.05. Following the completion of the sale, the chief financial officer now owns 54,380 shares in the company, valued at $2,857,669. This represents a 13.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 27,994 shares of company stock valued at $1,593,710. 1.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. DA Davidson lifted their price target on shares of Hancock Whitney from $62.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Truist Financial reduced their price target on shares of Hancock Whitney from $57.00 to $56.00 and set a “hold” rating for the company in a research report on Friday, September 20th. Four 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 presently has a consensus rating of “Moderate Buy” and an average target price of $56.89.

Hancock Whitney Price Performance

HWC opened at $61.04 on Tuesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.82 and a quick ratio of 0.81. The company has a market capitalization of $5.25 billion, a price-to-earnings ratio of 13.69 and a beta of 1.25. The firm’s fifty day moving average price is $53.61 and its two-hundred day moving average price is $50.61. Hancock Whitney Co. has a 1 year low of $39.38 and a 1 year high of $62.40.

Hancock Whitney (NASDAQ:HWC) last issued its quarterly earnings results on Tuesday, October 15th. The company reported $1.33 earnings per share 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 the consensus estimate of $363.54 million. Hancock Whitney had a net margin of 19.30% and a return on equity of 11.47%. During the same period in the previous year, the firm earned $1.12 EPS. As a group, analysts anticipate that Hancock Whitney Co. will post 5.19 earnings per share for the current fiscal year.

Hancock Whitney Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Thursday, December 5th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date is Thursday, December 5th. Hancock Whitney’s dividend payout ratio (DPR) is currently 35.87%.

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.