Corebridge Financial Inc. decreased its holdings in Hancock Whitney Co. (NASDAQ:HWC - Free Report) by 5.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 139,926 shares of the company's stock after selling 7,941 shares during the period. Corebridge Financial Inc. owned about 0.16% of Hancock Whitney worth $7,657,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in HWC. JPMorgan Chase & Co. lifted its holdings in Hancock Whitney by 21.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 551,636 shares of the company's stock worth $28,227,000 after purchasing an additional 96,092 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of Hancock Whitney in the fourth quarter worth about $1,096,000. Charles Schwab Investment Management Inc. boosted its position in Hancock Whitney by 6.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,228,710 shares of the company's stock valued at $67,235,000 after buying an additional 73,875 shares in the last quarter. Inman Jager Wealth Management LLC acquired a new stake in shares of Hancock Whitney during the 4th quarter valued at $696,000. Finally, KBC Group NV boosted its stake in shares of Hancock Whitney by 1,987.7% during the fourth quarter. KBC Group NV now owns 51,420 shares of the company's stock valued at $2,814,000 after purchasing an additional 48,957 shares in the last quarter. Institutional investors own 81.22% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms have commented on HWC. Keefe, Bruyette & Woods upped their price target on Hancock Whitney from $60.00 to $70.00 and gave the company an "outperform" rating in a research report on Wednesday, December 4th. Stephens reissued an "overweight" rating and issued a $74.00 price objective (up previously from $68.00) on shares of Hancock Whitney in a research note on Wednesday, January 22nd. StockNews.com upgraded shares of Hancock Whitney from a "sell" rating to a "hold" rating in a report on Monday, March 3rd. Finally, Raymond James reissued a "strong-buy" rating and issued a $72.00 price target (up from $64.00) on shares of Hancock Whitney in a research report on Wednesday, January 22nd. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Hancock Whitney currently has a consensus rating of "Moderate Buy" and a consensus price target of $62.56.
Check Out Our Latest Stock Report on Hancock Whitney
Hancock Whitney Stock Performance
Hancock Whitney stock traded down $0.59 during trading on Tuesday, hitting $51.86. The stock had a trading volume of 414,187 shares, compared to its average volume of 551,907. Hancock Whitney Co. has a 1 year low of $41.56 and a 1 year high of $62.40. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.05. The stock's 50 day moving average is $56.11 and its two-hundred day moving average is $55.45. The stock has a market cap of $4.47 billion, a price-to-earnings ratio of 9.82 and a beta of 1.24.
Hancock Whitney (NASDAQ:HWC - Get Free Report) last announced its quarterly earnings results on Tuesday, January 21st. The company reported $1.40 EPS for the quarter, beating 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 in the previous year, the company posted $1.26 EPS. As a group, analysts predict that Hancock Whitney Co. will post 5.53 EPS for the current year.
Hancock Whitney Increases Dividend
The company also recently disclosed 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 a positive change from Hancock Whitney's previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date was Wednesday, March 5th. Hancock Whitney's dividend payout ratio (DPR) is 34.09%.
Hancock Whitney Company 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.
See Also
Before you consider Hancock Whitney, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hancock Whitney wasn't on the list.
While Hancock Whitney currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
