Segall Bryant & Hamill LLC Acquires 35,586 Shares of Hancock Whitney Co. (NASDAQ:HWC)

Segall Bryant & Hamill LLC increased its stake in shares of Hancock Whitney Co. (NASDAQ:HWC - Free Report) by 5.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 727,973 shares of the company's stock after buying an additional 35,586 shares during the period. Segall Bryant & Hamill LLC owned about 0.85% of Hancock Whitney worth $39,835,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in HWC. Parkside Financial Bank & Trust increased its stake 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 purchasing an additional 169 shares in the last quarter. Sanctuary Advisors LLC increased its position in shares of Hancock Whitney by 1.1% in the fourth quarter. Sanctuary Advisors LLC now owns 20,358 shares of the company's stock worth $1,221,000 after purchasing an additional 227 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of Hancock Whitney by 1.9% in the 4th quarter. Pacer Advisors Inc. now owns 12,845 shares of the company's stock worth $703,000 after buying an additional 238 shares during the last quarter. US Bancorp DE raised its position in Hancock Whitney by 11.4% during the fourth quarter. US Bancorp DE now owns 2,581 shares of the company's stock valued at $141,000 after purchasing an additional 265 shares in the last quarter. Finally, BTC Capital Management Inc. lifted its position in Hancock Whitney by 4.6% in the 4th quarter. BTC Capital Management Inc. now owns 7,121 shares of the company's stock worth $390,000 after buying an additional 311 shares during the last quarter. Institutional investors own 81.22% of the company's stock.

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Analyst Upgrades and Downgrades

Several analysts have weighed in on HWC shares. Raymond James reissued a "strong-buy" rating and issued a $72.00 price target (up from $64.00) on shares of Hancock Whitney in a research note on Wednesday, January 22nd. StockNews.com raised Hancock Whitney from a "sell" rating to a "hold" rating in a research note on Monday, March 3rd. Keefe, Bruyette & Woods raised their price target on Hancock Whitney from $60.00 to $70.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 4th. Finally, Stephens reaffirmed an "overweight" rating and issued a $74.00 price target (up from $68.00) on shares of Hancock Whitney in a research note 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. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $62.56.

Hancock Whitney Stock Down 3.2 %

Shares of HWC traded down $1.69 on Friday, reaching $51.86. The stock had a trading volume of 479,397 shares, compared to its average volume of 551,922. The firm has a market capitalization of $4.47 billion, a price-to-earnings ratio of 9.82 and a beta of 1.24. The company has a 50-day simple moving average of $56.42 and a 200-day simple moving average of $55.36. 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 quick ratio of 0.79 and a current ratio of 0.79.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last released its earnings results on Tuesday, January 21st. The company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate 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 last year, the business earned $1.26 earnings per share. Sell-side analysts predict that Hancock Whitney Co. will post 5.53 EPS for the current year.

Hancock Whitney Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders 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 is an increase from Hancock Whitney's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 3.47%. Hancock Whitney's dividend payout ratio (DPR) is presently 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.