Hancock Whitney Co. (NASDAQ:HWC) Shares Bought by XTX Topco Ltd

XTX Topco Ltd lifted its holdings in shares of Hancock Whitney Co. (NASDAQ:HWC - Free Report) by 243.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,472 shares of the company's stock after acquiring an additional 14,509 shares during the quarter. XTX Topco Ltd's holdings in Hancock Whitney were worth $1,120,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Hancock Whitney by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 10,097,563 shares of the company's stock worth $552,539,000 after purchasing an additional 181,706 shares in the last quarter. Geode Capital Management LLC lifted its position in Hancock Whitney by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,149,648 shares of the company's stock worth $110,016,000 after acquiring an additional 30,239 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings 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 worth $102,557,000 after acquiring an additional 12,172 shares during the period. Charles Schwab Investment Management Inc. grew 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 acquiring an additional 73,875 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Hancock Whitney during the fourth quarter valued at approximately $54,605,000. 81.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on HWC shares. Stephens reaffirmed an "overweight" rating and set a $74.00 price target (up from $68.00) on shares of Hancock Whitney in a report on Wednesday, January 22nd. StockNews.com raised Hancock Whitney from a "sell" rating to a "hold" rating in a research report on Monday, March 3rd. Finally, Raymond James reissued a "strong-buy" rating and issued a $72.00 price target (up previously from $64.00) on shares of Hancock Whitney in a report on Wednesday, January 22nd. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Hancock Whitney presently has an average rating of "Moderate Buy" and an average price target of $62.56.

Hancock Whitney Trading Up 2.2 %

NASDAQ:HWC opened at $48.69 on Wednesday. The company has a market cap of $4.19 billion, a PE ratio of 9.22 and a beta of 0.99. The business's 50 day moving average is $53.26 and its two-hundred day moving average is $55.13. 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 52 week low of $41.56 and a 52 week high of $62.40.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last announced its quarterly earnings data on Tuesday, April 15th. The company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.10. Hancock Whitney had a return on equity of 11.56% and a net margin of 22.40%. The firm had revenue of $367.50 million for the quarter, compared to analysts' expectations of $368.12 million. On average, analysts predict that Hancock Whitney Co. will post 5.53 EPS for the current year.

Hancock Whitney Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Wednesday, March 5th were issued a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This is a positive change from Hancock Whitney's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 3.70%. Hancock Whitney's payout ratio is 34.09%.

About Hancock Whitney

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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