JPMorgan Chase & Co. boosted its holdings in shares of Hancock Whitney Co. (NASDAQ:HWC - Free Report) by 11.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 612,571 shares of the company's stock after buying an additional 60,935 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.71% of Hancock Whitney worth $33,520,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Grove Bank & Trust purchased a new stake in Hancock Whitney in the 4th quarter worth approximately $31,000. R Squared Ltd purchased a new position in shares of Hancock Whitney during the 4th quarter valued at $49,000. Parkside Financial Bank & Trust boosted its holdings in Hancock Whitney by 9.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,911 shares of the company's stock worth $105,000 after buying an additional 169 shares during the period. US Bancorp DE increased its stake in Hancock Whitney by 11.4% in the 4th quarter. US Bancorp DE now owns 2,581 shares of the company's stock worth $141,000 after buying an additional 265 shares in the last quarter. Finally, TD Private Client Wealth LLC raised its holdings in Hancock Whitney by 30.7% during the third quarter. TD Private Client Wealth LLC now owns 2,941 shares of the company's stock valued at $150,000 after acquiring an additional 691 shares during the period. 81.22% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on the company. StockNews.com upgraded Hancock Whitney from a "sell" rating to a "hold" rating in a research report on Monday, March 3rd. Raymond James reaffirmed a "strong-buy" rating and set a $72.00 price objective (up from $64.00) on shares of Hancock Whitney in a report on Wednesday, January 22nd. Finally, Stephens reissued an "overweight" rating and issued a $74.00 target price (up previously from $68.00) 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 given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $62.56.
Check Out Our Latest Stock Report on Hancock Whitney
Hancock Whitney Price Performance
HWC stock traded down $0.01 during trading on Friday, hitting $46.61. 619,344 shares of the company's stock traded hands, compared to its average volume of 574,211. Hancock Whitney Co. has a 52 week low of $41.56 and a 52 week high of $62.40. The stock has a market capitalization of $4.01 billion, a price-to-earnings ratio of 8.83 and a beta of 0.99. The business has a fifty day simple moving average of $53.77 and a 200 day simple moving average of $55.17. 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 (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 period in the prior year, the business posted $1.26 earnings per share. As a group, research analysts expect that Hancock Whitney Co. will post 5.53 EPS for the current fiscal year.
Hancock Whitney Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Wednesday, March 5th were issued a $0.45 dividend. This is a boost from Hancock Whitney's previous quarterly dividend of $0.40. The ex-dividend date was Wednesday, March 5th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.86%. Hancock Whitney's payout ratio is 34.09%.
Hancock Whitney 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.
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