Bank of New York Mellon Corp Sells 12,895 Shares of Hancock Whitney Co. (NASDAQ:HWC)

Bank of New York Mellon Corp cut its stake in shares of Hancock Whitney Co. (NASDAQ:HWC - Free Report) by 1.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 840,483 shares of the company's stock after selling 12,895 shares during the quarter. Bank of New York Mellon Corp owned about 0.98% of Hancock Whitney worth $45,991,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of HWC. Wolverine Asset Management LLC increased its holdings in Hancock Whitney by 20.0% in the 4th quarter. Wolverine Asset Management LLC now owns 38,032 shares of the company's stock worth $2,081,000 after buying an additional 6,345 shares in the last quarter. Ieq Capital LLC bought a new stake in Hancock Whitney in the 4th quarter worth about $209,000. New York State Common Retirement Fund increased its holdings in Hancock Whitney by 2.0% in the 4th quarter. New York State Common Retirement Fund now owns 27,390 shares of the company's stock worth $1,499,000 after buying an additional 526 shares in the last quarter. Sanctuary Advisors LLC increased its holdings in Hancock Whitney by 1.1% in the 4th quarter. Sanctuary Advisors LLC now owns 20,358 shares of the company's stock worth $1,221,000 after buying an additional 227 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in Hancock Whitney by 1.3% in the 4th quarter. Rhumbline Advisers now owns 297,164 shares of the company's stock worth $16,261,000 after buying an additional 3,706 shares in the last quarter. 81.22% of the stock is currently owned by institutional investors.

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Hancock Whitney Stock Performance

Shares of HWC stock traded down $0.05 during trading hours on Friday, reaching $53.00. 724,002 shares of the company traded hands, compared to its average volume of 501,292. Hancock Whitney Co. has a 12-month low of $41.56 and a 12-month high of $62.40. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.79 and a quick ratio of 0.79. The company has a market cap of $4.56 billion, a P/E ratio of 10.04 and a beta of 1.24. The firm has a 50-day moving average price of $57.65 and a 200 day moving average price of $55.35.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last posted its quarterly earnings data on Tuesday, January 21st. The company reported $1.40 earnings per share 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 quarter in the previous year, the company posted $1.26 EPS. As a group, sell-side analysts predict that Hancock Whitney Co. will post 5.53 earnings per share for the current fiscal year.

Hancock Whitney Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.45 per share. This is a boost 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 3.40%. The ex-dividend date is Wednesday, March 5th. Hancock Whitney's payout ratio is presently 34.09%.

Analyst Ratings Changes

HWC has been the subject of several research analyst reports. Raymond James reiterated a "strong-buy" rating and issued a $72.00 price objective (up from $64.00) on shares of Hancock Whitney in a report on Wednesday, January 22nd. Stephens reissued an "overweight" rating and issued a $74.00 target price (up from $68.00) on shares of Hancock Whitney in a research 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, Keefe, Bruyette & Woods raised their target price on Hancock Whitney from $60.00 to $70.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 4th. Three equities research 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. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $62.56.

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.