The price of Hancock Whitney Corporation (NASDAQ:HWC) shares last traded on Wall Street rose 2.93% to $42.46.
HWC stock price is now 2.27% away from the 50-day moving average and -2.41% away from the 200-day moving average. The market capitalization of the company currently stands at $3.55B.
With the price target enhanced from $45 to $46, Raymond James Downgraded its rating from Strong Buy to Outperform for Hancock Whitney Corporation (NASDAQ: HWC).
In other news, Wilkins Carleton Richard, Director sold 1,110 shares of the company’s stock on Aug 01. The stock was sold for $47,575 at an average price of $42.86. Upon completion of the transaction, the Director now directly owns 14,657 shares in the company, valued at $0.62 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 31, President & CEO HAIRSTON JOHN M sold 23,517 shares of the business’s stock. A total of $1,034,748 was realized by selling the stock at an average price of $44.00. This leaves the insider owning 205,369 shares of the company worth $8.72 million. Insiders disposed of 119,450 shares of company stock worth roughly $5.07 million over the past 1 year. A total of 0.70% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in HWC stock. A new stake in Hancock Whitney Corporation shares was purchased by HOLOCENE ADVISORS, LP during the first quarter worth $1,315,000. SCHRODER INVESTMENT MANAGEMENT GROUP invested $1,053,000 in shares of HWC during the first quarter. In the first quarter, SQUAREPOINT OPS LLC acquired a new stake in Hancock Whitney Corporation valued at approximately $655,000. PACER ADVISORS, INC. acquired a new stake in HWC for approximately $641,000. OCCUDO QUANTITATIVE STRATEGIES LP purchased a new stake in HWC valued at around $530,000 in the second quarter. In total, there are 401 active investors with 81.90% ownership of the company’s stock.
A candlestick chart of Hancock Whitney Corporation (NASDAQ: HWC) showed a price of $41.28 on Friday morning. During the past 12 months, Hancock Whitney Corporation has had a low of $31.02 and a high of $57.00. The fifty day moving average price for HWC is $41.61 and a two-hundred day moving average price translates $43.45 for the stock.
The latest earnings results from Hancock Whitney Corporation (NASDAQ: HWC) was released for Jun, 2023. The net profit margin was 36.30% and return on equity was 15.20% for HWC. The company reported revenue of $405.27 million for the quarter, compared to $254.86 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 59.02 percent.
Moreover, the firm recently paid out its quarterly dividend on 09/15/2023. Investors who held shares on 09/05/2023 were paid a $0.30 dividend. On an annualized basis, this represents a $1.20 dividend and a 2.83% percent yield. There was an ex-dividend date of 09/01/2023 for this dividend. In terms of dividend payout ratio, HWC is presently at 18.90%.
