Kennedy Capital Management LLC Has $10.82 Million Stock Position in Hancock Whitney Co. (NASDAQ:HWC)

Kennedy Capital Management LLC increased its stake in shares of Hancock Whitney Co. (NASDAQ:HWC - Free Report) by 14.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 197,668 shares of the company's stock after purchasing an additional 24,572 shares during the quarter. Kennedy Capital Management LLC owned approximately 0.23% of Hancock Whitney worth $10,816,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Grove Bank & Trust purchased a new stake in shares of Hancock Whitney during the 4th quarter worth about $31,000. R Squared Ltd purchased a new stake in Hancock Whitney during the fourth quarter worth approximately $49,000. Parkside Financial Bank & Trust increased its position in shares of Hancock Whitney by 9.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,911 shares of the company's stock worth $105,000 after acquiring an additional 169 shares in the last quarter. New Age Alpha Advisors LLC purchased a new position in shares of Hancock Whitney in the 4th quarter valued at $138,000. Finally, US Bancorp DE lifted its holdings in shares of Hancock Whitney by 11.4% during the 4th quarter. US Bancorp DE now owns 2,581 shares of the company's stock valued at $141,000 after acquiring an additional 265 shares in the last quarter. Institutional investors and hedge funds own 81.22% of the company's stock.

Wall Street Analyst Weigh In

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

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Hancock Whitney Stock Performance

Shares of HWC stock traded up $1.06 during trading hours on Tuesday, reaching $48.69. 950,290 shares of the company's stock were exchanged, compared to its average volume of 577,973. Hancock Whitney Co. has a fifty-two week low of $41.56 and a fifty-two week high of $62.40. The business has a fifty day moving average price of $53.51 and a 200-day moving average price of $55.18. The stock has a market capitalization of $4.19 billion, a P/E ratio of 9.22 and a beta of 0.99. 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 (NASDAQ:HWC - Get Free Report) last posted its quarterly earnings results on Tuesday, April 15th. The company reported $1.38 EPS for the quarter, beating 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%. Analysts predict that Hancock Whitney Co. will post 5.53 EPS for the current fiscal year.

Hancock Whitney Increases Dividend

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

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.