Intech Investment Management LLC boosted its stake in Hancock Whitney Co. (NASDAQ:HWC - Free Report) by 122.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 63,348 shares of the company's stock after purchasing an additional 34,811 shares during the quarter. Intech Investment Management LLC owned about 0.07% of Hancock Whitney worth $3,466,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in HWC. Barclays PLC increased its holdings in Hancock Whitney by 149.2% in the third quarter. Barclays PLC now owns 321,196 shares of the company's stock valued at $16,435,000 after purchasing an additional 192,295 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Hancock Whitney in the fourth quarter worth about $9,517,000. Basswood Capital Management L.L.C. increased its holdings in shares of Hancock Whitney by 36.8% in the third quarter. Basswood Capital Management L.L.C. now owns 607,239 shares of the company's stock worth $31,072,000 after acquiring an additional 163,438 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Hancock Whitney by 21.1% in 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of 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 worth $67,235,000 after acquiring an additional 73,875 shares in the last quarter. Institutional investors own 81.22% of the company's stock.
Wall Street Analyst Weigh In
HWC has been the subject of several recent analyst reports. Raymond James restated a "strong-buy" rating and issued a $72.00 price target (up from $64.00) on shares of Hancock Whitney in a report on Wednesday, January 22nd. StockNews.com upgraded Hancock Whitney from a "sell" rating to a "hold" rating in a report on Monday, March 3rd. Keefe, Bruyette & Woods increased their price target on Hancock Whitney from $60.00 to $70.00 and gave the stock an "outperform" rating in a report on Wednesday, December 4th. Finally, Stephens restated an "overweight" rating and issued a $74.00 price target (up from $68.00) on shares of Hancock Whitney in a report on Wednesday, January 22nd. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $62.56.
Check Out Our Latest Analysis on HWC
Hancock Whitney Stock Performance
Shares of NASDAQ HWC traded up $0.32 during trading hours on Friday, reaching $52.30. 3,066,137 shares of the stock were exchanged, compared to its average volume of 514,410. The firm has a market capitalization of $4.50 billion, a price-to-earnings ratio of 9.91 and a beta of 1.24. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.79 and a current ratio of 0.79. Hancock Whitney Co. has a 52 week low of $41.56 and a 52 week high of $62.40. The stock's fifty day simple moving average is $56.87 and its 200 day simple moving average is $55.27.
Hancock Whitney (NASDAQ:HWC - Get Free Report) last posted its quarterly earnings data on Tuesday, January 21st. The company reported $1.40 EPS for the quarter, topping 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 last year, the firm posted $1.26 EPS. Sell-side analysts predict that Hancock Whitney Co. will post 5.53 EPS for the current year.
Hancock Whitney Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Wednesday, March 5th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date was Wednesday, March 5th. This is a boost from Hancock Whitney's previous quarterly dividend of $0.40. Hancock Whitney's payout ratio is currently 34.09%.
Hancock Whitney Company Profile
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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.
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