Hancock Whitney Corporation $HWC Shares Sold by Boston Partners

Boston Partners lowered its position in Hancock Whitney Corporation (NASDAQ:HWC) by 0.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 721,862 shares of the company’s stock after selling 3,546 shares during the period. Boston Partners’ holdings in Hancock Whitney were worth $41,603,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of HWC. Louisiana State Employees Retirement System lifted its stake in Hancock Whitney by 0.8% during the 1st quarter. Louisiana State Employees Retirement System now owns 24,100 shares of the company’s stock valued at $1,264,000 after acquiring an additional 200 shares during the period. Xponance Inc. raised its holdings in shares of Hancock Whitney by 1.7% during the first quarter. Xponance Inc. now owns 12,473 shares of the company’s stock worth $654,000 after purchasing an additional 213 shares during the last quarter. BTC Capital Management Inc. lifted its position in Hancock Whitney by 3.0% during the second quarter. BTC Capital Management Inc. now owns 7,459 shares of the company’s stock valued at $427,000 after purchasing an additional 219 shares during the period. State of Michigan Retirement System lifted its position in Hancock Whitney by 1.5% during the first quarter. State of Michigan Retirement System now owns 20,640 shares of the company’s stock valued at $1,083,000 after purchasing an additional 300 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in Hancock Whitney by 9.7% in the first quarter. PNC Financial Services Group Inc. now owns 3,566 shares of the company’s stock valued at $187,000 after purchasing an additional 315 shares during the last quarter. 81.22% of the stock is owned by hedge funds and other institutional investors.

Hancock Whitney Stock Performance

NASDAQ:HWC opened at $59.33 on Thursday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a market capitalization of $4.96 billion, a PE ratio of 10.61 and a beta of 1.18. Hancock Whitney Corporation has a fifty-two week low of $43.90 and a fifty-two week high of $64.66. The company has a fifty day moving average of $60.36 and a two-hundred day moving average of $58.70.

Hancock Whitney (NASDAQ:HWC) last released its earnings results on Tuesday, October 14th. The company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.06. Hancock Whitney had a net margin of 23.99% and a return on equity of 11.29%. The business had revenue of $0.03 million during the quarter, compared to analysts’ expectations of $391.32 million. During the same quarter in the previous year, the company earned $1.33 earnings per share. As a group, research analysts forecast that Hancock Whitney Corporation will post 5.53 earnings per share for the current fiscal year.

Hancock Whitney Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, December 5th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 3.0%. The ex-dividend date is Friday, December 5th. Hancock Whitney’s payout ratio is 32.20%.

Insider Activity at Hancock Whitney

In other news, CFO Michael M. Achary sold 9,894 shares of the firm’s stock in a transaction that occurred on Friday, October 17th. The stock was sold at an average price of $54.86, for a total value of $542,784.84. Following the transaction, the chief financial officer owned 55,733 shares in the company, valued at $3,057,512.38. This trade represents a 15.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.91% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on HWC shares. Citigroup lifted their price objective on Hancock Whitney from $70.00 to $74.00 and gave the company a “buy” rating in a research note on Tuesday, August 26th. Hovde Group lifted their price target on Hancock Whitney from $65.00 to $72.00 and gave the company an “outperform” rating in a research report on Wednesday, July 16th. DA Davidson boosted their price target on Hancock Whitney from $65.00 to $67.00 and gave the company a “buy” rating in a report on Wednesday, July 16th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Hancock Whitney in a research note on Tuesday. Finally, Piper Sandler lifted their target price on shares of Hancock Whitney from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Hancock Whitney currently has an average rating of “Buy” and an average price target of $70.14.

Hancock Whitney 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.