Wellington Management Group LLP Sells 4,085 Shares of Hancock Whitney Co. (NASDAQ:HWC)

Wellington Management Group LLP reduced its holdings in shares of Hancock Whitney Co. (NASDAQ:HWC) by 0.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,157,606 shares of the company’s stock after selling 4,085 shares during the quarter. Wellington Management Group LLP owned approximately 2.51% of Hancock Whitney worth $110,405,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. CWM LLC boosted its stake in Hancock Whitney by 268.9% in the second quarter. CWM LLC now owns 985 shares of the company’s stock valued at $47,000 after acquiring an additional 718 shares during the last quarter. SG Americas Securities LLC grew its holdings in Hancock Whitney by 5.5% during the second quarter. SG Americas Securities LLC now owns 10,865 shares of the company’s stock valued at $520,000 after purchasing an additional 568 shares during the period. AlphaMark Advisors LLC grew its holdings in Hancock Whitney by 5.7% during the second quarter. AlphaMark Advisors LLC now owns 6,622 shares of the company’s stock valued at $317,000 after purchasing an additional 356 shares during the period. Hunter Perkins Capital Management LLC increased its position in Hancock Whitney by 7.7% in the second quarter. Hunter Perkins Capital Management LLC now owns 14,435 shares of the company’s stock worth $690,000 after buying an additional 1,035 shares during the last quarter. Finally, Triad Wealth Partners LLC bought a new stake in shares of Hancock Whitney in the second quarter valued at $31,000. Hedge funds and other institutional investors own 81.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on HWC. Stephens raised Hancock Whitney from an “equal weight” rating to an “overweight” rating in a report on Monday. Truist Financial lowered their price target on shares of Hancock Whitney from $57.00 to $56.00 and set a “hold” rating on the stock in a research report on Friday, September 20th. Keefe, Bruyette & Woods raised their price objective on shares of Hancock Whitney from $60.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. Finally, DA Davidson boosted their target price on shares of Hancock Whitney from $62.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $58.00.

Hancock Whitney Stock Down 1.2 %

Shares of NASDAQ:HWC opened at $58.24 on Tuesday. The company has a market cap of $5.01 billion, a price-to-earnings ratio of 13.06 and a beta of 1.27. Hancock Whitney Co. has a one year low of $41.19 and a one year high of $62.40. The firm has a fifty day moving average price of $55.14 and a two-hundred day moving average price of $51.35. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.82 and a quick ratio of 0.81.

Hancock Whitney (NASDAQ:HWC) last posted its earnings results on Tuesday, October 15th. The company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.31 by $0.02. Hancock Whitney had a return on equity of 11.47% and a net margin of 19.30%. The business had revenue of $525.37 million during the quarter, compared to analysts’ expectations of $363.54 million. During the same period in the previous year, the business earned $1.12 earnings per share. Analysts anticipate that Hancock Whitney Co. will post 5.19 EPS for the current fiscal year.

Hancock Whitney Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Thursday, December 5th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date is Thursday, December 5th. Hancock Whitney’s dividend payout ratio is currently 35.87%.

Insider Buying and Selling at Hancock Whitney

In other Hancock Whitney news, Director Carleton Richard Wilkins sold 800 shares of the firm’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $50.95, for a total transaction of $40,760.00. Following the sale, the director now owns 15,900 shares in the company, valued at $810,105. This trade represents a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Michael M. Achary sold 8,431 shares of the company’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $52.55, for a total value of $443,049.05. Following the completion of the transaction, the chief financial officer now owns 54,380 shares of the company’s stock, valued at $2,857,669. The trade was a 13.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,994 shares of company stock worth $1,593,710 over the last three months. 1.10% of the stock is owned by insiders.

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.