TD Private Client Wealth LLC Acquires 691 Shares of Hancock Whitney Co. (NASDAQ:HWC)

TD Private Client Wealth LLC lifted its holdings in Hancock Whitney Co. (NASDAQ:HWC) by 30.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,941 shares of the company’s stock after acquiring an additional 691 shares during the period. TD Private Client Wealth LLC’s holdings in Hancock Whitney were worth $150,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Geode Capital Management LLC lifted its holdings in shares of Hancock Whitney by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,149,648 shares of the company’s stock valued at $110,016,000 after acquiring an additional 30,239 shares during the last quarter. Barclays PLC lifted its holdings in shares of Hancock Whitney by 149.2% in the 3rd quarter. Barclays PLC now owns 321,196 shares of the company’s stock valued at $16,435,000 after acquiring an additional 192,295 shares during the last quarter. Y Intercept Hong Kong Ltd lifted its stake in Hancock Whitney by 175.3% in the third quarter. Y Intercept Hong Kong Ltd now owns 30,792 shares of the company’s stock worth $1,576,000 after purchasing an additional 19,606 shares during the last quarter. XTX Topco Ltd bought a new stake in Hancock Whitney in the third quarter worth about $305,000. Finally, iSAM Funds UK Ltd bought a new stake in Hancock Whitney in the third quarter worth about $677,000. Institutional investors own 81.22% of the company’s stock.

Hancock Whitney Stock Performance

Hancock Whitney stock opened at $57.78 on Monday. The company has a 50 day moving average price of $55.94 and a 200-day moving average price of $51.78. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.81 and a current ratio of 0.82. Hancock Whitney Co. has a fifty-two week low of $41.19 and a fifty-two week high of $62.40. The company has a market capitalization of $4.97 billion, a PE ratio of 12.96 and a beta of 1.27.

Hancock Whitney (NASDAQ:HWC) last posted its quarterly earnings results on Tuesday, October 15th. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.02. Hancock Whitney had a net margin of 19.30% and a return on equity of 11.47%. The firm had revenue of $525.37 million during the quarter, compared to the consensus estimate of $363.54 million. During the same quarter in the previous year, the firm posted $1.12 earnings per share. As a group, equities analysts forecast that Hancock Whitney Co. will post 5.19 earnings per share for the current year.

Hancock Whitney Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Thursday, December 5th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.77%. The ex-dividend date is Thursday, December 5th. Hancock Whitney’s payout ratio is 35.87%.

Insider Activity at Hancock Whitney

In related news, CEO John M. Hairston sold 18,000 shares of Hancock Whitney stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $59.44, for a total transaction of $1,069,920.00. Following the transaction, the chief executive officer now directly owns 254,026 shares of the company’s stock, valued at $15,099,305.44. This trade represents a 6.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Michael M. Achary sold 8,431 shares of Hancock Whitney stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $52.55, for a total transaction of $443,049.05. Following the transaction, the chief financial officer now directly owns 54,380 shares in the company, valued at approximately $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 have sold a total of 27,994 shares of company stock valued at $1,593,710 over the last ninety days. 1.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on HWC shares. Stephens raised shares of Hancock Whitney from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. Truist Financial decreased their price objective on shares of Hancock Whitney from $57.00 to $56.00 and set a “hold” rating for the company in a research note on Friday, September 20th. DA Davidson raised their price objective on shares of Hancock Whitney from $62.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Finally, 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 research note on Wednesday, December 4th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $58.00.

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.