Proficio Capital Partners LLC Invests $1.10 Million in Hancock Whitney Co. (NASDAQ:HWC)

Proficio Capital Partners LLC acquired a new stake in Hancock Whitney Co. (NASDAQ:HWC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 20,028 shares of the company's stock, valued at approximately $1,096,000.

Other institutional investors have also recently bought and sold shares of the company. Harvest Fund Management Co. Ltd purchased a new stake in Hancock Whitney during the 3rd quarter worth about $28,000. Grove Bank & Trust purchased a new stake in Hancock Whitney during the 4th quarter worth about $31,000. R Squared Ltd purchased a new stake in Hancock Whitney during the 4th quarter worth about $49,000. TD Private Client Wealth LLC lifted its holdings in Hancock Whitney by 30.7% during the 3rd quarter. TD Private Client Wealth LLC now owns 2,941 shares of the company's stock worth $150,000 after purchasing an additional 691 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in Hancock Whitney by 14.2% during the 4th quarter. Blue Trust Inc. now owns 3,393 shares of the company's stock worth $174,000 after purchasing an additional 422 shares in the last quarter. Institutional investors own 81.22% of the company's stock.

Hancock Whitney Price Performance

Shares of Hancock Whitney stock traded down $0.05 during trading on Friday, hitting $53.00. 724,002 shares of the stock traded hands, compared to its average volume of 501,292. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.05. The stock has a market cap of $4.56 billion, a price-to-earnings ratio of 10.04 and a beta of 1.24. The firm's fifty day moving average is $57.69 and its 200-day moving average is $55.29. Hancock Whitney Co. has a 52 week low of $41.56 and a 52 week high of $62.40.

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Hancock Whitney (NASDAQ:HWC - Get Free Report) last announced its quarterly earnings data on Tuesday, January 21st. The company reported $1.40 EPS for the quarter, beating the consensus estimate 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. Research analysts expect that Hancock Whitney Co. will post 5.53 EPS for the current fiscal year.

Hancock Whitney Increases Dividend

The company 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. The ex-dividend date of this dividend is Wednesday, March 5th. This is a positive change from Hancock Whitney's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 3.40%. Hancock Whitney's dividend payout ratio is 34.09%.

Analyst Ratings Changes

HWC has been the topic of a number of recent research reports. Keefe, Bruyette & Woods increased their price objective on Hancock Whitney from $60.00 to $70.00 and gave the stock an "outperform" rating in a report on Wednesday, December 4th. Stephens reaffirmed an "overweight" rating and issued a $74.00 price target (up previously from $68.00) on shares of Hancock Whitney in a report on Wednesday, January 22nd. StockNews.com raised Hancock Whitney from a "sell" rating to a "hold" rating in a report on Monday, March 3rd. Finally, Raymond James reaffirmed a "strong-buy" rating and issued a $72.00 price target (up previously from $64.00) on shares of Hancock Whitney in a report on Wednesday, January 22nd. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price 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.