Hancock Whitney Corporation (NASDAQ:HWC - Get Free Report) insider Christopher Ziluca sold 5,227 shares of the stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $68.57, for a total value of $358,415.39. Following the completion of the sale, the insider owned 33,301 shares of the company's stock, valued at approximately $2,283,449.57. This trade represents a 13.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Hancock Whitney Price Performance
HWC opened at $67.42 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.78 and a current ratio of 0.79. The stock has a market capitalization of $5.64 billion, a PE ratio of 11.87 and a beta of 1.05. The stock's 50 day moving average price is $64.62 and its 200-day moving average price is $61.87. Hancock Whitney Corporation has a 52-week low of $43.90 and a 52-week high of $71.20.
Hancock Whitney (NASDAQ:HWC - Get Free Report) last announced its quarterly earnings results on Tuesday, January 20th. The company reported $1.49 EPS for the quarter, topping analysts' consensus estimates of $1.48 by $0.01. The company had revenue of $81.55 million during the quarter, compared to analyst estimates of $391.63 million. Hancock Whitney had a return on equity of 11.16% and a net margin of 24.05%.During the same quarter last year, the firm posted $1.40 earnings per share. On average, equities research analysts predict that Hancock Whitney Corporation will post 5.53 EPS for the current year.
Analyst Ratings Changes
A number of research firms recently issued reports on HWC. DA Davidson increased their price target on shares of Hancock Whitney from $77.00 to $79.00 and gave the stock a "buy" rating in a research note on Wednesday, January 21st. Wall Street Zen raised Hancock Whitney from a "sell" rating to a "hold" rating in a research report on Friday. Piper Sandler raised their target price on Hancock Whitney from $72.00 to $78.00 and gave the company an "overweight" rating in a research note on Wednesday, January 21st. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Hancock Whitney in a research note on Monday, December 29th. Finally, Citigroup increased their price objective on Hancock Whitney from $76.00 to $78.00 and gave the stock a "buy" rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Hancock Whitney presently has a consensus rating of "Buy" and an average price target of $75.25.
Read Our Latest Research Report on HWC
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in HWC. Amundi bought a new stake in Hancock Whitney in the first quarter worth $50,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Hancock Whitney by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,664 shares of the company's stock worth $2,710,000 after purchasing an additional 2,255 shares during the last quarter. NewEdge Advisors LLC boosted its stake in Hancock Whitney by 22.9% in the 1st quarter. NewEdge Advisors LLC now owns 3,755 shares of the company's stock worth $197,000 after purchasing an additional 700 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Hancock Whitney by 4.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 287,471 shares of the company's stock valued at $15,078,000 after purchasing an additional 11,551 shares during the last quarter. Finally, Jane Street Group LLC grew its position in Hancock Whitney by 951.9% during the 1st quarter. Jane Street Group LLC now owns 123,812 shares of the company's stock valued at $6,494,000 after purchasing an additional 112,042 shares during the last quarter. Institutional investors own 81.22% of the company's stock.
Hancock Whitney Company Profile
(
Get Free Report)
Hancock Whitney Corporation (NASDAQ: HWC) is a regional financial services company headquartered in Gulfport, Mississippi. The firm was established in April 2019 through the merger of Hancock Holding Company and Whitney Holding Corporation, each of which traced its roots to the late 19th century. This combination created one of the largest bank holding companies in the Gulf South region, with a network of branches serving both urban and rural communities.
The company's core business activities include commercial banking, retail banking and wealth management services.
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