DMC Group LLC Increases Stock Holdings in Hancock Whitney Co. (NASDAQ:HWC)

DMC Group LLC boosted its position in shares of Hancock Whitney Co. (NASDAQ:HWC) by 53.9% during the third quarter, Holdings Channel.com reports. The firm owned 8,505 shares of the company’s stock after buying an additional 2,980 shares during the quarter. DMC Group LLC’s holdings in Hancock Whitney were worth $435,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of HWC. Triad Wealth Partners LLC acquired a new stake in shares of Hancock Whitney during the 2nd quarter worth approximately $31,000. Mather Group LLC. acquired a new position in shares of Hancock Whitney in the 2nd quarter valued at $37,000. Headlands Technologies LLC acquired a new stake in shares of Hancock Whitney during the 2nd quarter worth about $43,000. CWM LLC raised its holdings in Hancock Whitney by 268.9% in the 2nd quarter. CWM LLC now owns 985 shares of the company’s stock valued at $47,000 after buying an additional 718 shares during the period. Finally, Meeder Asset Management Inc. acquired a new position in Hancock Whitney in the second quarter valued at about $63,000. 81.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Hancock Whitney

In related news, Director Frank E. Bertucci sold 2,053 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $57.03, for a total transaction of $117,082.59. Following the completion of the sale, the director now owns 22,554 shares in the company, valued at $1,286,254.62. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Hovde Group lifted their target price on shares of Hancock Whitney from $55.00 to $62.00 and gave the company an “outperform” rating in a report on Wednesday, July 17th. Jefferies Financial Group cut their price objective on Hancock Whitney from $48.00 to $47.00 and set a “hold” rating on the stock in a report on Wednesday, July 3rd. DA Davidson raised their target price on Hancock Whitney from $62.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday. Keefe, Bruyette & Woods boosted their price target on shares of Hancock Whitney from $55.00 to $60.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 17th. Finally, Piper Sandler lifted their price objective on shares of Hancock Whitney from $52.00 to $62.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.89.

Hancock Whitney Stock Down 2.4 %

HWC stock opened at $52.18 on Friday. Hancock Whitney Co. has a fifty-two week low of $32.16 and a fifty-two week high of $57.78. The company’s 50 day moving average price is $50.95 and its 200 day moving average price is $48.64. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market capitalization of $4.52 billion, a price-to-earnings ratio of 12.16 and a beta of 1.26.

Hancock Whitney (NASDAQ:HWC) last announced its quarterly earnings data on Tuesday, October 15th. The company reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.02. The business had revenue of $525.37 million for the quarter, compared to analyst estimates of $363.54 million. Hancock Whitney had a net margin of 18.63% and a return on equity of 11.51%. During the same period last year, the business earned $1.12 EPS. On average, equities research analysts anticipate that Hancock Whitney Co. will post 5.14 EPS for the current fiscal year.

Hancock Whitney Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Thursday, September 5th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date was Thursday, September 5th. Hancock Whitney’s dividend payout ratio (DPR) is 37.30%.

Hancock Whitney Company 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.