Christopher Ziluca Sells 5,227 Shares of Hancock Whitney (NASDAQ:HWC) Stock

Hancock Whitney Corporation (NASDAQ:HWC) insider Christopher Ziluca sold 5,227 shares of Hancock Whitney stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $68.57, for a total transaction of $358,415.39. Following the sale, the insider directly owned 33,301 shares of the company’s stock, valued at $2,283,449.57. This trade represents a 13.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Hancock Whitney Price Performance

Shares of NASDAQ:HWC opened at $67.44 on Wednesday. The firm has a market cap of $5.64 billion, a price-to-earnings ratio of 11.87 and a beta of 1.05. Hancock Whitney Corporation has a 1 year low of $43.90 and a 1 year high of $71.20. The company has a current ratio of 0.79, a quick ratio of 0.78 and a debt-to-equity ratio of 0.04. The business has a fifty day simple moving average of $64.84 and a 200 day simple moving average of $61.93.

Hancock Whitney (NASDAQ:HWC) last issued its earnings results on Tuesday, January 20th. The company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.01. Hancock Whitney had a return on equity of 11.16% and a net margin of 24.05%.The company had revenue of $81.55 million for the quarter, compared to analyst estimates of $391.63 million. During the same period in the prior year, the firm posted $1.40 EPS. As a group, sell-side analysts predict that Hancock Whitney Corporation will post 5.53 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on HWC. Weiss Ratings reiterated a “buy (b)” rating on shares of Hancock Whitney in a research note on Monday, December 29th. DA Davidson lifted their price objective on shares of Hancock Whitney from $77.00 to $79.00 and gave the company a “buy” rating in a research note on Wednesday, January 21st. Keefe, Bruyette & Woods increased their target price on shares of Hancock Whitney from $70.00 to $72.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 21st. Barclays initiated coverage on Hancock Whitney in a research report on Wednesday, December 17th. They issued an “overweight” rating and a $76.00 price target for the company. Finally, Citigroup upped their price target on Hancock Whitney from $76.00 to $78.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $75.25.

Institutional Trading of Hancock Whitney

Several hedge funds have recently added to or reduced their stakes in HWC. Amundi bought a new position in Hancock Whitney in the 1st quarter worth approximately $50,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Hancock Whitney by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,664 shares of the company’s stock worth $2,710,000 after acquiring an additional 2,255 shares during the period. NewEdge Advisors LLC raised its stake in Hancock Whitney by 22.9% during the 1st quarter. NewEdge Advisors LLC now owns 3,755 shares of the company’s stock valued at $197,000 after purchasing an additional 700 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake 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% in the 1st quarter. Jane Street Group LLC now owns 123,812 shares of the company’s stock worth $6,494,000 after purchasing an additional 112,042 shares during the last quarter. Institutional investors own 81.22% of the company’s stock.

About Hancock Whitney

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.