VIRGINIA RETIREMENT SYSTEMS ET Al Sells 20,200 Shares of Hancock Whitney Corporation $HWC

VIRGINIA RETIREMENT SYSTEMS ET Al lowered its stake in Hancock Whitney Corporation (NASDAQ:HWC) by 39.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,701 shares of the company’s stock after selling 20,200 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Hancock Whitney were worth $2,212,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. GAMMA Investing LLC increased its position in shares of Hancock Whitney by 8.3% during the second quarter. GAMMA Investing LLC now owns 1,909 shares of the company’s stock valued at $143,000 after acquiring an additional 147 shares during the last quarter. Abel Hall LLC lifted its holdings in shares of Hancock Whitney by 1.5% in the 3rd quarter. Abel Hall LLC now owns 9,984 shares of the company’s stock worth $719,000 after acquiring an additional 149 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of Hancock Whitney by 26.0% in the 2nd quarter. IFP Advisors Inc now owns 852 shares of the company’s stock worth $64,000 after acquiring an additional 176 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of Hancock Whitney by 1.2% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 16,893 shares of the company’s stock worth $1,074,000 after purchasing an additional 200 shares during the period. Finally, Choreo LLC boosted its position in shares of Hancock Whitney by 2.2% during the 3rd quarter. Choreo LLC now owns 10,453 shares of the company’s stock worth $753,000 after purchasing an additional 226 shares during the period. Hedge funds and other institutional investors own 81.22% of the company’s stock.

Analyst Ratings Changes

HWC has been the subject of several research reports. Citigroup dropped their target price on shares of Hancock Whitney from $87.00 to $86.00 and set a “buy” rating for the company in a report on Tuesday, September 22nd. Wall Street Zen upgraded Hancock Whitney from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Stephens lowered their price target on Hancock Whitney from $86.00 to $85.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Weiss Ratings upgraded Hancock Whitney from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, August 21st. Finally, Benchmark lifted their price objective on Hancock Whitney from $84.00 to $91.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $84.56.

Hancock Whitney Stock Down 1.1%

Shares of NASDAQ:HWC opened at $72.62 on Wednesday. The firm has a market capitalization of $5.83 billion, a PE ratio of 14.61 and a beta of 0.98. Hancock Whitney Corporation has a 1 year low of $55.76 and a 1 year high of $80.13. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.80 and a quick ratio of 0.80. The firm’s 50-day moving average is $73.54 and its two-hundred day moving average is $70.92.

Hancock Whitney (NASDAQ:HWC) last posted its quarterly earnings data on Tuesday, October 20th. The company reported $1.66 EPS for the quarter, meeting the consensus estimate of $1.66. The business had revenue of $421.91 million during the quarter, compared to analyst estimates of $421.75 million. Hancock Whitney had a net margin of 20.51% and a return on equity of 11.65%. During the same quarter last year, the firm posted $1.49 earnings per share. Analysts predict that Hancock Whitney Corporation will post 6.42 EPS for the current year.

Hancock Whitney Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Friday, December 4th will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, December 4th. This represents a $2.00 dividend on an annualized basis and a yield of 2.8%. Hancock Whitney’s dividend payout ratio is 40.24%.

Insider Transactions at Hancock Whitney

In other Hancock Whitney news, insider Emory L. Mayfield, Jr. sold 4,990 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $76.40, for a total value of $381,236.00. Following the completion of the transaction, the insider owned 15,565 shares of the company’s stock, valued at $1,189,166. This trade represents a 24.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.92% of the stock is currently owned by company insiders.

Hancock Whitney Company Profile

Hancock Whitney Corporation is a financial services company headquartered in Gulfport, Mississippi, and the parent company of Hancock Whitney Bank. The bank provides banking and financial services to individuals, businesses, and institutions through branches and digital banking channels.

Its products and services include checking and savings accounts, consumer and commercial lending, residential mortgages, credit cards, treasury and cash management services, and online and mobile banking.