Allspring Global Investments Holdings LLC boosted its holdings in shares of Hancock Whitney Co. (NASDAQ:HWC - Free Report) by 0.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,898,504 shares of the company's stock after buying an additional 12,172 shares during the period. Allspring Global Investments Holdings LLC owned approximately 2.21% of Hancock Whitney worth $102,557,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Segall Bryant & Hamill LLC raised its holdings in Hancock Whitney by 8.8% during the third quarter. Segall Bryant & Hamill LLC now owns 692,387 shares of the company's stock worth $35,429,000 after buying an additional 55,869 shares during the last quarter. Versor Investments LP acquired a new position in Hancock Whitney during the third quarter worth $844,000. Quest Partners LLC raised its holdings in Hancock Whitney by 66.7% during the third quarter. Quest Partners LLC now owns 33,106 shares of the company's stock worth $1,694,000 after buying an additional 13,243 shares during the last quarter. GSA Capital Partners LLP acquired a new position in Hancock Whitney during the third quarter worth $2,605,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Hancock Whitney by 21.1% in the third quarter. JPMorgan Chase & Co. now owns 551,636 shares of the company's stock valued at $28,227,000 after purchasing an additional 96,092 shares during the last quarter. Institutional investors and hedge funds own 81.22% of the company's stock.
Hancock Whitney Stock Performance
HWC traded down $0.20 during trading on Friday, hitting $59.93. 585,716 shares of the company traded hands, compared to its average volume of 668,415. The firm has a market cap of $5.16 billion, a P/E ratio of 11.35 and a beta of 1.27. The stock's fifty day moving average is $57.58 and its 200 day moving average is $54.61. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.05. Hancock Whitney Co. has a one year low of $41.56 and a one year high of $62.40.
Hancock Whitney (NASDAQ:HWC - Get Free Report) last issued its earnings results on Tuesday, January 21st. The company reported $1.40 earnings per share for the quarter, topping analysts' consensus estimates of $1.28 by $0.12. Hancock Whitney had a net margin of 22.40% and a return on equity of 11.56%. During the same quarter last year, the firm earned $1.26 earnings per share. As a group, equities analysts predict that Hancock Whitney Co. will post 5.43 EPS for the current fiscal year.
Hancock Whitney Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Wednesday, March 5th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date is Wednesday, March 5th. This is a positive change from Hancock Whitney's previous quarterly dividend of $0.40. Hancock Whitney's dividend payout ratio (DPR) is currently 34.09%.
Analysts Set New Price Targets
Several analysts have recently commented on the stock. StockNews.com downgraded shares of Hancock Whitney from a "hold" rating to a "sell" rating in a report on Thursday, January 23rd. Stephens reiterated an "overweight" rating and issued a $74.00 target price (up previously from $68.00) on shares of Hancock Whitney in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods increased their target price on shares of Hancock Whitney from $60.00 to $70.00 and gave the company an "outperform" rating in a report on Wednesday, December 4th. Finally, Raymond James reiterated a "strong-buy" rating and issued a $72.00 target price (up previously from $64.00) on shares of Hancock Whitney in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $62.56.
Check Out Our Latest Stock Report on Hancock Whitney
Hancock Whitney Profile
(
Free Report)
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.
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