On November 7, 2024, John Hairston, President & CEO of Hancock Whitney Corp (HWC, Financial), executed a sale of 18,000 shares of the company. The transaction was filed on the same day with the SEC. Following this transaction, the insider now owns 254,025.8992 shares of Hancock Whitney Corp.
Hancock Whitney Corp operates as a financial services company in the Southern United States. It provides a range of banking products and services to individual and corporate customers, including checking and savings accounts, loans, and wealth management services.
The shares were sold at a price of $59.44, valuing the transaction at approximately $1,069,920. This sale has contributed to a total of 18,000 shares sold by John Hairston 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, there have been no insider buys and 10 insider sells.
As of the transaction date, Hancock Whitney Corp had a market cap of approximately $5.05 billion. The stock's price-earnings ratio stood at 13.15, which is above both the industry median of 10.69 and the company’s historical median.
According to the GF Value, the intrinsic value estimate for Hancock Whitney Corp is $49.87 per share, making the stock modestly overvalued with a price-to-GF-Value ratio of 1.19.
This valuation is based on historical trading multiples, an adjustment factor from GuruFocus based on past returns and growth, and future business performance estimates from Morningstar analysts.
The recent insider selling activity could be a point of interest for current and potential investors, providing insight into how insiders view the stock's valuation relative to its current trading price.
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.
