Hancock Whitney Co. (NASDAQ:HWC) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. boosted its stake in shares of Hancock Whitney Co. (NASDAQ:HWC - Free Report) by 1.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 9,192,628 shares of the company's stock after buying an additional 95,432 shares during the period. Vanguard Group Inc. owned approximately 10.80% of Hancock Whitney worth $446,670,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Turtle Creek Wealth Advisors LLC purchased a new position in Hancock Whitney in the fourth quarter worth $29,000. OLD Point Trust & Financial Services N A acquired a new position in Hancock Whitney during the 4th quarter valued at about $49,000. Quadrant Capital Group LLC raised its stake in Hancock Whitney by 35.2% in the fourth quarter. Quadrant Capital Group LLC now owns 1,260 shares of the company's stock valued at $61,000 after buying an additional 328 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Hancock Whitney by 155.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,714 shares of the company's stock valued at $83,000 after purchasing an additional 1,044 shares during the last quarter. Finally, Blue Trust Inc. grew its position in Hancock Whitney by 32.4% during the 4th quarter. Blue Trust Inc. now owns 2,569 shares of the company's stock worth $125,000 after purchasing an additional 628 shares during the last quarter. 81.22% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Hancock Whitney

In related news, insider Cecil W. Knight, Jr. sold 844 shares of the company's stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $46.82, for a total transaction of $39,516.08. Following the sale, the insider now directly owns 58,843 shares of the company's stock, valued at approximately $2,755,029.26. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Christine L. Pickering sold 1,300 shares of the business's stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $45.62, for a total transaction of $59,306.00. Following the completion of the transaction, the director now owns 23,982 shares in the company, valued at approximately $1,094,058.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Cecil W. Knight, Jr. sold 844 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $46.82, for a total value of $39,516.08. Following the completion of the sale, the insider now directly owns 58,843 shares in the company, valued at $2,755,029.26. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

HWC has been the subject of a number of recent analyst reports. Jefferies Financial Group cut their price objective on shares of Hancock Whitney from $51.00 to $45.00 and set a "hold" rating for the company in a report on Monday, April 8th. DA Davidson upped their target price on Hancock Whitney from $55.00 to $57.00 and gave the stock a "buy" rating in a research note on Wednesday, April 17th. Truist Financial dropped their price target on shares of Hancock Whitney from $50.00 to $46.00 and set a "hold" rating on the stock in a research note on Wednesday, April 17th. Piper Sandler restated an "overweight" rating and set a $52.00 price objective (down from $55.00) on shares of Hancock Whitney in a research report on Wednesday, April 17th. Finally, StockNews.com upgraded shares of Hancock Whitney from a "sell" rating to a "hold" rating in a research report on Friday, May 10th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $51.88.

Hancock Whitney Price Performance

HWC traded up $0.44 during midday trading on Thursday, reaching $46.37. 252,573 shares of the company's stock were exchanged, compared to its average volume of 478,517. The business's 50-day moving average price is $46.19 and its 200 day moving average price is $45.34. The stock has a market capitalization of $4.02 billion, a PE ratio of 10.71 and a beta of 1.28. Hancock Whitney Co. has a 1-year low of $32.16 and a 1-year high of $49.65. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.81 and a quick ratio of 0.81.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last released its quarterly earnings data on Tuesday, April 16th. The company reported $1.28 EPS for the quarter, topping analysts' consensus estimates of $1.18 by $0.10. Hancock Whitney had a return on equity of 11.89% and a net margin of 19.07%. The business had revenue of $354.02 million during the quarter, compared to the consensus estimate of $353.15 million. As a group, equities analysts anticipate that Hancock Whitney Co. will post 4.88 EPS for the current fiscal year.

Hancock Whitney Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Wednesday, June 5th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.45%. This is a positive change from Hancock Whitney's previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Wednesday, June 5th. Hancock Whitney's dividend payout ratio is presently 37.30%.

Hancock Whitney 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.