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

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

Hancock Whitney Stock Up 0.4%

HWC stock opened at $67.42 on Tuesday. The company’s 50 day moving average is $64.62 and its 200 day moving average is $61.87. The stock has a market cap of $5.64 billion, a price-to-earnings ratio of 11.87 and a beta of 1.05. The company has a current ratio of 0.79, a quick ratio of 0.78 and a debt-to-equity ratio of 0.04. Hancock Whitney Corporation has a 1-year low of $43.90 and a 1-year high of $71.20.

Hancock Whitney (NASDAQ:HWC) last released its quarterly earnings results on Tuesday, January 20th. The company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.48 by $0.01. The business had revenue of $81.55 million during the quarter, compared to analysts’ expectations of $391.63 million. Hancock Whitney had a net margin of 24.05% and a return on equity of 11.16%. During the same quarter in the previous year, the company earned $1.40 EPS. Sell-side analysts predict that Hancock Whitney Corporation will post 5.53 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have issued reports on HWC shares. Wall Street Zen raised Hancock Whitney from a “sell” rating to a “hold” rating in a research note on Friday. DA Davidson boosted their target price on Hancock Whitney from $77.00 to $79.00 and gave the stock a “buy” rating in a research report on Wednesday, January 21st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Hancock Whitney in a research note on Monday, December 29th. Piper Sandler lifted their price target on shares of Hancock Whitney from $72.00 to $78.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 21st. Finally, Citigroup upped their price objective on shares of Hancock Whitney from $76.00 to $78.00 and gave the company a “buy” rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Hancock Whitney presently has an average rating of “Buy” and a consensus target price of $75.25.

Institutional Trading of Hancock Whitney

Several hedge funds and other institutional investors have recently bought and sold shares of HWC. True Wealth Design LLC grew its holdings in shares of Hancock Whitney by 929.5% in the second quarter. True Wealth Design LLC now owns 453 shares of the company’s stock worth $26,000 after purchasing an additional 409 shares during the last quarter. IFP Advisors Inc boosted its position in Hancock Whitney by 67.6% during the 3rd quarter. IFP Advisors Inc now owns 627 shares of the company’s stock valued at $39,000 after buying an additional 253 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in Hancock Whitney in the 3rd quarter worth $45,000. Hantz Financial Services Inc. increased its position in shares of Hancock Whitney by 6,107.7% in the second quarter. Hantz Financial Services Inc. now owns 807 shares of the company’s stock valued at $46,000 after acquiring an additional 794 shares during the period. Finally, CIBC Private Wealth Group LLC raised its stake in shares of Hancock Whitney by 84,400.0% during the third quarter. CIBC Private Wealth Group LLC now owns 845 shares of the company’s stock valued at $53,000 after acquiring an additional 844 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.