Charles Schwab Investment Management Inc. Buys 46,622 Shares of Hancock Whitney Co. (NASDAQ:HWC)

Charles Schwab Investment Management Inc. grew its holdings in shares of Hancock Whitney Co. (NASDAQ:HWC - Free Report) by 4.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,154,835 shares of the company's stock after buying an additional 46,622 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.34% of Hancock Whitney worth $59,093,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Victory Capital Management Inc. lifted its holdings in shares of Hancock Whitney by 707.2% in the 2nd quarter. Victory Capital Management Inc. now owns 576,264 shares of the company's stock worth $27,563,000 after purchasing an additional 504,873 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Hancock Whitney by 213.7% in the 2nd quarter. AQR Capital Management LLC now owns 735,790 shares of the company's stock worth $34,663,000 after purchasing an additional 501,259 shares in the last quarter. Hancock Whitney Corp raised its position in Hancock Whitney by 30.9% in the 2nd quarter. Hancock Whitney Corp now owns 1,069,223 shares of the company's stock valued at $51,141,000 after buying an additional 252,473 shares during the last quarter. American Century Companies Inc. raised its position in Hancock Whitney by 20.4% in the 2nd quarter. American Century Companies Inc. now owns 1,401,113 shares of the company's stock valued at $67,015,000 after buying an additional 237,526 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Hancock Whitney by 3.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,980,204 shares of the company's stock valued at $238,197,000 after buying an additional 167,304 shares during the last quarter. 81.22% of the stock is currently owned by institutional investors.

Hancock Whitney Price Performance

NASDAQ:HWC traded down $0.56 during mid-day trading on Friday, reaching $59.38. The stock had a trading volume of 191,065 shares, compared to its average volume of 507,871. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.81 and a current ratio of 0.82. The firm has a 50 day moving average price of $54.31 and a two-hundred day moving average price of $50.91. The stock has a market capitalization of $5.11 billion, a P/E ratio of 13.31 and a beta of 1.25. Hancock Whitney Co. has a one year low of $40.79 and a one year high of $62.40.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last announced its quarterly earnings results on Tuesday, October 15th. The company reported $1.33 EPS for the quarter, topping analysts' consensus estimates of $1.31 by $0.02. The business had revenue of $525.37 million for the quarter, compared to analysts' expectations of $363.54 million. Hancock Whitney had a return on equity of 11.47% and a net margin of 19.30%. During the same period in the previous year, the firm earned $1.12 EPS. As a group, analysts expect that Hancock Whitney Co. will post 5.19 earnings per share for the current year.

Hancock Whitney Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Thursday, December 5th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $1.60 annualized dividend and a dividend yield of 2.69%. Hancock Whitney's dividend payout ratio (DPR) is presently 35.87%.

Insider Activity

In related news, Director Carleton Richard Wilkins sold 800 shares of Hancock Whitney stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $50.95, for a total transaction of $40,760.00. Following the sale, the director now directly owns 15,900 shares in the company, valued at $810,105. The trade was a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO John M. Hairston sold 18,000 shares of Hancock Whitney stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $59.44, for a total value of $1,069,920.00. Following the sale, the chief executive officer now owns 254,026 shares in the company, valued at $15,099,305.44. This represents a 6.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,994 shares of company stock valued at $1,593,710. Company insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

HWC has been the subject of a number of analyst reports. Truist Financial lowered their price target on Hancock Whitney from $57.00 to $56.00 and set a "hold" rating for the company in a research report on Friday, September 20th. DA Davidson raised their target price on Hancock Whitney from $62.00 to $65.00 and gave the company a "buy" rating in a research report on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $56.89.

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.