20,028 Shares in Hancock Whitney Co. (NASDAQ:HWC) Acquired by Proficio Capital Partners LLC

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

Other hedge funds have also bought and sold shares of the company. State Street Corp lifted its position in Hancock Whitney by 1.7% during the third quarter. State Street Corp now owns 4,297,776 shares of the company's stock valued at $219,917,000 after purchasing an additional 73,316 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Hancock Whitney by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,149,648 shares of the company's stock valued at $110,016,000 after acquiring an additional 30,239 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Hancock Whitney by 0.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,898,504 shares of the company's stock worth $102,557,000 after acquiring an additional 12,172 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Hancock Whitney by 6.4% during 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 during the last quarter. Finally, Basswood Capital Management L.L.C. raised its position in Hancock Whitney by 36.8% during the third quarter. Basswood Capital Management L.L.C. now owns 607,239 shares of the company's stock valued at $31,072,000 after purchasing an additional 163,438 shares during the period. Hedge funds and other institutional investors own 81.22% of the company's stock.

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Hancock Whitney Stock Up 3.7 %

Shares of HWC stock traded up $1.96 during mid-day trading on Monday, hitting $54.26. The stock had a trading volume of 924,432 shares, compared to its average volume of 698,005. Hancock Whitney Co. has a 12-month low of $41.56 and a 12-month high of $62.40. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.79 and a quick ratio of 0.79. The firm's 50-day moving average is $56.87 and its two-hundred day moving average is $55.27. The firm has a market capitalization of $4.67 billion, a P/E ratio of 10.28 and a beta of 1.24.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last posted its 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 quarter in the prior year, the business posted $1.26 EPS. On average, analysts predict that Hancock Whitney Co. will post 5.53 earnings per share for the current fiscal year.

Hancock Whitney Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Wednesday, March 5th were issued 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 3.32%. This is a positive change from Hancock Whitney's previous quarterly dividend of $0.40. Hancock Whitney's dividend payout ratio is currently 34.09%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on HWC shares. Keefe, Bruyette & Woods boosted their target price on Hancock Whitney from $60.00 to $70.00 and gave the company an "outperform" rating in a research report on Wednesday, December 4th. Stephens restated 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. Raymond James reiterated a "strong-buy" rating and set a $72.00 price target (up from $64.00) on shares of Hancock Whitney in a report on Wednesday, January 22nd. Finally, StockNews.com raised shares of Hancock Whitney from a "sell" rating to a "hold" rating in a research note on Monday, March 3rd. 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 company's stock. According to data from MarketBeat.com, Hancock Whitney currently has a consensus rating of "Moderate Buy" and a consensus price target of $62.56.

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.