Hancock Whitney Co. (NASDAQ:HWC) Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership reduced its stake in Hancock Whitney Co. (NASDAQ:HWC - Free Report) by 56.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,357 shares of the company's stock after selling 48,012 shares during the quarter. Arrowstreet Capital Limited Partnership's holdings in Hancock Whitney were worth $1,989,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. JPMorgan Chase & Co. increased its stake in Hancock Whitney by 21.1% during the third quarter. JPMorgan Chase & Co. now owns 551,636 shares of the company's stock worth $28,227,000 after acquiring an additional 96,092 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in Hancock Whitney in the 4th quarter valued at about $1,096,000. Charles Schwab Investment Management Inc. lifted 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 during the last quarter. Inman Jager Wealth Management LLC purchased a new position in Hancock Whitney during the fourth quarter worth about $696,000. Finally, AlphaQuest LLC boosted its stake in Hancock Whitney by 67.4% during the fourth quarter. AlphaQuest LLC now owns 55,422 shares of the company's stock worth $3,033,000 after buying an additional 22,316 shares during the period. Hedge funds and other institutional investors own 81.22% of the company's stock.

Hancock Whitney Stock Up 1.3 %

NASDAQ HWC traded up $0.62 during trading on Tuesday, reaching $48.25. 297,428 shares of the company's stock were exchanged, compared to its average volume of 575,476. The company has a 50 day moving average price of $53.51 and a two-hundred day moving average price of $55.18. The stock has a market cap of $4.16 billion, a P/E ratio of 9.14 and a beta of 0.99. Hancock Whitney Co. has a 1 year low of $41.56 and a 1 year high of $62.40. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.79 and a current ratio of 0.79.

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Hancock Whitney (NASDAQ:HWC - Get Free Report) last announced its quarterly earnings results on Tuesday, January 21st. The company reported $1.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.28 by $0.12. Hancock Whitney had a return on equity of 11.56% and a net margin of 22.40%. During the same period in the prior year, the business earned $1.26 earnings per share. On average, equities research analysts anticipate that Hancock Whitney Co. will post 5.53 EPS for the current fiscal year.

Hancock Whitney Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Wednesday, March 5th were paid a dividend of $0.45 per share. This is a positive change from Hancock Whitney's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 3.73%. The ex-dividend date was Wednesday, March 5th. Hancock Whitney's dividend payout ratio (DPR) is currently 34.09%.

Analyst Ratings Changes

HWC has been the subject of a number of research analyst reports. StockNews.com upgraded Hancock Whitney from a "sell" rating to a "hold" rating in a report on Monday, March 3rd. Raymond James restated a "strong-buy" rating and issued a $72.00 price objective (up previously from $64.00) on shares of Hancock Whitney in a report on Wednesday, January 22nd. Finally, Stephens reiterated an "overweight" rating and set a $74.00 target price (up from $68.00) on shares of Hancock Whitney in a 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 issued a strong buy rating to the company's stock. According to MarketBeat.com, Hancock Whitney currently has a consensus rating of "Moderate Buy" and an average target price of $62.56.

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.