On October 18, 2024, Michael Achary, Chief Financial Officer of Hancock Whitney Corp (HWC, Financial), executed a sale of 8,431 shares of the company. The transaction was filed on the same day with the SEC. Following this sale, the insider now directly owns 54,379.7104 shares in the company.
Hancock Whitney Corp operates as a financial services company in the Southern United States. It provides a range of traditional and online banking services, including commercial, small business, and consumer banking products, as well as trust and investment management services.
The shares were sold at a price of $52.55, valuing the transaction at approximately $443,073.05. This sale contributes to a total of 8,431 shares sold by the insider over the past year, with no shares purchased during the same period.
The insider transaction history for Hancock Whitney Corp shows a trend of more sales than purchases among insiders over the past year, with 8 recorded sales and no buys.
As of the latest sale, Hancock Whitney Corp has a market cap of approximately $4.45 billion. The stock's price-earnings ratio stands at 11.59, which is above the industry median of 10.515. This suggests a valuation slightly higher than the industry average.
The GF Value of Hancock Whitney Corp is estimated at $49.59, leading to a price-to-GF-Value ratio of 1.06. This indicates that the stock is Fairly Valued according to the GF Value metric, which considers historical trading multiples, an adjustment factor based on past returns and growth, and future business performance estimates.
This insider sale might interest investors tracking insider behaviors as an indicator of confidence levels regarding the company's current valuation and future prospects.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
