Hancock Whitney Co. (NASDAQ:HWC) Stock Position Lifted by Boston Partners

Boston Partners lifted its holdings in Hancock Whitney Co. (NASDAQ:HWC - Free Report) by 4.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 729,741 shares of the company's stock after buying an additional 32,189 shares during the quarter. Boston Partners owned approximately 0.85% of Hancock Whitney worth $40,533,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. State Street Corp lifted its position in shares of Hancock Whitney by 1.7% in the 3rd quarter. State Street Corp now owns 4,297,776 shares of the company's stock worth $219,917,000 after buying an additional 73,316 shares during the last quarter. Geode Capital Management LLC lifted its position in Hancock Whitney by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,149,648 shares of the company's stock valued at $110,016,000 after purchasing an additional 30,239 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Hancock Whitney by 0.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,898,504 shares of the company's stock valued at $102,557,000 after purchasing an additional 12,172 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Hancock Whitney by 6.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,228,710 shares of the company's stock valued at $67,235,000 after purchasing an additional 73,875 shares during the last quarter. Finally, Segall Bryant & Hamill LLC lifted its position in Hancock Whitney by 8.8% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 692,387 shares of the company's stock valued at $35,429,000 after purchasing an additional 55,869 shares during the last quarter. 81.22% of the stock is currently owned by institutional investors.

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Hancock Whitney Price Performance

Shares of HWC traded up $0.32 during mid-day trading on Friday, hitting $52.30. The company's stock had a trading volume of 3,066,137 shares, compared to its average volume of 514,410. The firm has a 50-day moving average price of $56.87 and a 200 day moving average price of $55.27. The stock has a market capitalization of $4.50 billion, a price-to-earnings ratio of 9.91 and a beta of 1.24. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.79 and a quick ratio of 0.79. Hancock Whitney Co. has a fifty-two week low of $41.56 and a fifty-two week high of $62.40.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last announced its quarterly earnings data on Tuesday, January 21st. The company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period in the previous year, the company posted $1.26 EPS. On average, research analysts predict that Hancock Whitney Co. will post 5.53 EPS for the current fiscal year.

Hancock Whitney Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Wednesday, March 5th were given a $0.45 dividend. This is an increase from Hancock Whitney's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 3.44%. The ex-dividend date was Wednesday, March 5th. Hancock Whitney's dividend payout ratio (DPR) is 34.09%.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. StockNews.com upgraded shares of Hancock Whitney from a "sell" rating to a "hold" rating in a research report on Monday, March 3rd. Stephens reiterated an "overweight" rating and issued a $74.00 price objective (up from $68.00) on shares of Hancock Whitney in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods lifted their price objective on shares of Hancock Whitney from $60.00 to $70.00 and gave the company an "outperform" rating in a research report on Wednesday, December 4th. Finally, Raymond James reissued a "strong-buy" rating and set a $72.00 target price (up previously from $64.00) on shares of Hancock Whitney in a research note on Wednesday, January 22nd. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $62.56.

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.