Arkadios Wealth Advisors Makes New Investment in Hancock Whitney Co. (NASDAQ:HWC)

Arkadios Wealth Advisors bought a new stake in Hancock Whitney Co. (NASDAQ:HWC) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 4,391 shares of the company’s stock, valued at approximately $210,000.

Several other large investors have also modified their holdings of HWC. Triad Wealth Partners LLC acquired a new stake in Hancock Whitney during the second quarter valued at approximately $31,000. Mather Group LLC. bought a new stake in shares of Hancock Whitney in the 2nd quarter valued at approximately $37,000. CWM LLC raised its position in shares of Hancock Whitney by 268.9% during the 2nd quarter. CWM LLC now owns 985 shares of the company’s stock valued at $47,000 after acquiring an additional 718 shares in the last quarter. OLD Point Trust & Financial Services N A bought a new position in Hancock Whitney during the fourth quarter worth $49,000. Finally, Quadrant Capital Group LLC boosted its holdings in Hancock Whitney by 35.2% in the fourth quarter. Quadrant Capital Group LLC now owns 1,260 shares of the company’s stock worth $61,000 after purchasing an additional 328 shares during the period. Institutional investors own 81.22% of the company’s stock.

Insider Activity

In other news, Director Frank E. Bertucci sold 2,053 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $57.03, for a total value 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 sale was disclosed in a legal filing with the SEC, which is available at this link. 1.10% of the stock is owned by insiders.

Hancock Whitney Price Performance

Shares of HWC opened at $53.73 on Friday. The stock’s fifty day moving average is $50.40 and its 200-day moving average is $46.84. The firm has a market capitalization of $4.65 billion, a price-to-earnings ratio of 12.52 and a beta of 1.29. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.79 and a current ratio of 0.79. Hancock Whitney Co. has a one year low of $32.16 and a one year high of $57.78.

Hancock Whitney (NASDAQ:HWC) last released its quarterly earnings results on Tuesday, July 16th. The company reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.11. Hancock Whitney had a net margin of 18.63% and a return on equity of 11.51%. The company had revenue of $359.60 million for the quarter, compared to the consensus estimate of $359.11 million. During the same period in the previous year, the firm earned $1.35 EPS. Hancock Whitney’s revenue was up .7% on a year-over-year basis. Equities analysts anticipate that Hancock Whitney Co. will post 5.1 EPS for the current year.

Hancock Whitney Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Thursday, September 5th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date is Thursday, September 5th. Hancock Whitney’s payout ratio is currently 37.30%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on HWC. Citigroup raised their price target on shares of Hancock Whitney from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Keefe, Bruyette & Woods lifted their target price on Hancock Whitney from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Wednesday, July 17th. Truist Financial increased their price target on Hancock Whitney from $49.00 to $57.00 and gave the stock a “hold” rating in a research report on Wednesday, July 17th. StockNews.com upgraded Hancock Whitney from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. Finally, Hovde Group raised their target price on Hancock Whitney from $55.00 to $62.00 and gave the company an “outperform” rating in a research note on Wednesday, July 17th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $56.78.

About Hancock Whitney

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.