21,508 Shares in Hancock Whitney Co. (NASDAQ:HWC) Purchased by Jackson Creek Investment Advisors LLC

Jackson Creek Investment Advisors LLC purchased a new stake in Hancock Whitney Co. (NASDAQ:HWC) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 21,508 shares of the company’s stock, valued at approximately $1,045,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. American Century Companies Inc. increased its position in Hancock Whitney by 13.1% in the third quarter. American Century Companies Inc. now owns 832,405 shares of the company’s stock worth $30,791,000 after buying an additional 96,522 shares during the period. Deutsche Bank AG grew its stake in shares of Hancock Whitney by 4.2% in the third quarter. Deutsche Bank AG now owns 122,077 shares of the company’s stock worth $4,516,000 after purchasing an additional 4,886 shares in the last quarter. Channing Capital Management LLC raised its position in shares of Hancock Whitney by 16.0% during the 3rd quarter. Channing Capital Management LLC now owns 1,407,511 shares of the company’s stock worth $52,064,000 after buying an additional 194,100 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Hancock Whitney by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,039,436 shares of the company’s stock worth $38,449,000 after purchasing an additional 14,625 shares in the last quarter. Finally, AlphaMark Advisors LLC lifted its holdings in shares of Hancock Whitney by 13.1% in the fourth quarter. AlphaMark Advisors LLC now owns 6,836 shares of the company’s stock valued at $332,000 after buying an additional 792 shares during the period. 81.22% of the stock is owned by institutional investors and hedge funds.

Hancock Whitney Stock Down 2.5 %

NASDAQ HWC traded down $1.16 during trading on Tuesday, reaching $45.39. The company’s stock had a trading volume of 312,857 shares, compared to its average volume of 509,726. The business has a 50-day moving average price of $43.89 and a 200-day moving average price of $43.06. Hancock Whitney Co. has a 1-year low of $31.02 and a 1-year high of $49.65. The stock has a market capitalization of $3.93 billion, a PE ratio of 10.85 and a beta of 1.33. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.06.

Hancock Whitney Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Wednesday, June 5th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.53%. The ex-dividend date is Wednesday, June 5th. This is a positive change from Hancock Whitney’s previous quarterly dividend of $0.30. Hancock Whitney’s payout ratio is presently 27.97%.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Citigroup upgraded shares of Hancock Whitney from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $48.00 to $50.00 in a report on Wednesday, April 17th. Piper Sandler reissued an “overweight” rating and set a $52.00 price target (down from $55.00) on shares of Hancock Whitney in a research report on Wednesday, April 17th. Stephens reiterated an “equal weight” rating and issued a $50.00 target price on shares of Hancock Whitney in a report on Wednesday, April 17th. Jefferies Financial Group lowered their price objective on shares of Hancock Whitney from $51.00 to $45.00 and set a “hold” rating on the stock in a research report on Monday, April 8th. Finally, DA Davidson lifted their target price on shares of Hancock Whitney from $55.00 to $57.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $50.71.

Insider Buying and Selling

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 value of $158,166.00. Following the completion of the sale, the insider now owns 35,285 shares of the company’s stock, valued at $1,534,897.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is currently owned by corporate insiders.

Hancock Whitney Company Profile

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.