3,450 Shares in Hancock Whitney Co. (NASDAQ:HWC) Bought by Barlow Wealth Partners Inc.

Barlow Wealth Partners Inc. acquired a new stake in Hancock Whitney Co. (NASDAQ:HWC) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,450 shares of the company’s stock, valued at approximately $205,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Harvest Fund Management Co. Ltd acquired a new position in shares of Hancock Whitney during the third quarter worth $28,000. Grove Bank & Trust acquired a new stake in shares of Hancock Whitney during the fourth quarter worth $31,000. nVerses Capital LLC bought a new position in Hancock Whitney during the third quarter worth $72,000. CWM LLC lifted its holdings in Hancock Whitney by 170.3% in the third quarter. CWM LLC now owns 2,662 shares of the company’s stock valued at $136,000 after buying an additional 1,677 shares during the period. Finally, Blue Trust Inc. boosted its position in Hancock Whitney by 19.1% during the third quarter. Blue Trust Inc. now owns 2,971 shares of the company’s stock valued at $142,000 after acquiring an additional 476 shares during the last quarter. Institutional investors own 81.22% of the company’s stock.

Hancock Whitney Price Performance

Shares of NASDAQ:HWC opened at $60.74 on Wednesday. Hancock Whitney Co. has a twelve month low of $41.19 and a twelve month high of $62.40. The stock’s 50 day moving average is $57.31 and its 200-day moving average is $53.62. 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 firm has a market capitalization of $5.23 billion, a price-to-earnings ratio of 13.62 and a beta of 1.27.

Hancock Whitney (NASDAQ:HWC) last released its quarterly earnings data on Tuesday, January 21st. The company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.12. 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 business earned $1.26 EPS. Sell-side analysts forecast that Hancock Whitney Co. will post 5.19 EPS for the current fiscal year.

Hancock Whitney Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Thursday, December 5th were given a $0.40 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $1.60 annualized dividend and a yield of 2.63%. Hancock Whitney’s payout ratio is 35.87%.

Analyst Ratings Changes

Several research firms have recently weighed in on HWC. DA Davidson lifted their price objective on Hancock Whitney from $62.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Keefe, Bruyette & Woods lifted their target price on Hancock Whitney from $60.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. Stephens restated an “overweight” rating and set a $68.00 price target on shares of Hancock Whitney in a report on Thursday, January 2nd. Finally, Raymond James raised shares of Hancock Whitney from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, December 19th. 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. According to data from MarketBeat.com, Hancock Whitney has an average rating of “Moderate Buy” and a consensus price target of $60.63.

Insider Buying and Selling at Hancock Whitney

In related news, CEO John M. Hairston sold 18,000 shares of the stock in a transaction on 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 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. This represents a 6.62 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Christine L. Pickering sold 763 shares of Hancock Whitney stock in a transaction on 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 directly owns 23,518 shares in the company, valued at $1,232,343.20. This represents a 3.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

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.