Hancock Whitney Co. (NASDAQ:HWC) Sees Large Growth in Short Interest

Hancock Whitney Co. (NASDAQ:HWCGet Free Report) was the target of a large growth in short interest in April. As of April 30th, there was short interest totalling 1,910,000 shares, a growth of 12.4% from the April 15th total of 1,700,000 shares. Based on an average daily volume of 474,600 shares, the days-to-cover ratio is presently 4.0 days. Approximately 2.2% of the shares of the company are short sold.

Hancock Whitney Stock Performance

Shares of NASDAQ HWC traded up $0.22 during trading hours on Wednesday, reaching $48.58. The stock had a trading volume of 296,370 shares, compared to its average volume of 496,889. The firm has a 50-day moving average of $44.82 and a 200-day moving average of $44.08. The firm has a market cap of $4.21 billion, a price-to-earnings ratio of 11.32 and a beta of 1.31. Hancock Whitney has a fifty-two week low of $32.16 and a fifty-two week high of $49.65. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.06.

Hancock Whitney (NASDAQ:HWCGet Free Report) last issued its quarterly earnings data on Tuesday, April 16th. The company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.10. The firm had revenue of $354.02 million during the quarter, compared to the consensus estimate of $353.15 million. Hancock Whitney had a return on equity of 11.89% and a net margin of 19.07%. Equities research analysts predict that Hancock Whitney will post 4.91 earnings per share for the current year.

Hancock Whitney Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Wednesday, June 5th will be issued a dividend of $0.40 per share. This is a positive change from Hancock Whitney’s previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a dividend yield of 3.29%. The ex-dividend date of this dividend is Wednesday, June 5th. Hancock Whitney’s dividend payout ratio is presently 27.97%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Truist Financial dropped their price target on Hancock Whitney from $50.00 to $46.00 and set a “hold” rating for the company in a research report on Wednesday, April 17th. Piper Sandler reiterated an “overweight” rating and issued a $52.00 target price (down from $55.00) on shares of Hancock Whitney in a report on Wednesday, April 17th. StockNews.com raised shares of Hancock Whitney from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. DA Davidson increased their price objective on Hancock Whitney from $55.00 to $57.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Finally, Citigroup lifted their target price on Hancock Whitney from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $51.43.

Read Our Latest Analysis on HWC

Insider Buying and Selling at Hancock Whitney

In other Hancock Whitney news, insider Christopher S. Ziluca sold 3,636 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $43.50, for a total transaction of $158,166.00. Following the sale, the insider now owns 35,285 shares in the company, valued at approximately $1,534,897.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Hancock Whitney news, insider Christopher S. Ziluca sold 3,636 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $43.50, for a total value of $158,166.00. Following the sale, the insider now directly owns 35,285 shares of the company’s stock, valued at $1,534,897.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Cecil W. Knight, Jr. sold 844 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $46.82, for a total value of $39,516.08. Following the completion of the sale, the insider now owns 58,843 shares in the company, valued at approximately $2,755,029.26. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,780 shares of company stock worth $256,988. 1.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Commonwealth Equity Services LLC lifted its holdings in Hancock Whitney by 5.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 48,198 shares of the company’s stock worth $1,783,000 after buying an additional 2,565 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Hancock Whitney by 12.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,171 shares of the company’s stock valued at $561,000 after purchasing an additional 1,672 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its position in Hancock Whitney by 5.6% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 9,507 shares of the company’s stock worth $352,000 after buying an additional 504 shares during the period. AlphaMark Advisors LLC acquired a new stake in shares of Hancock Whitney in the third quarter valued at approximately $224,000. Finally, Mesirow Institutional Investment Management Inc. boosted its position in shares of Hancock Whitney by 2.0% during the third quarter. Mesirow Institutional Investment Management Inc. now owns 276,726 shares of the company’s stock worth $10,236,000 after buying an additional 5,401 shares during the period. Hedge funds and other institutional investors own 81.22% of the company’s stock.

Hancock Whitney Company Profile

(Get Free Report)

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.

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