Segall Bryant & Hamill LLC Purchases 55,869 Shares of Hancock Whitney Co. (NASDAQ:HWC)

Segall Bryant & Hamill LLC raised its stake in shares of Hancock Whitney Co. (NASDAQ:HWC - Free Report) by 8.8% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 692,387 shares of the company's stock after purchasing an additional 55,869 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.80% of Hancock Whitney worth $35,429,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Hancock Whitney during the 3rd quarter valued at about $810,000. Pathstone Holdings LLC boosted its stake in shares of Hancock Whitney by 7.0% in the 3rd quarter. Pathstone Holdings LLC now owns 32,730 shares of the company's stock worth $1,675,000 after buying an additional 2,134 shares during the last quarter. LMR Partners LLP purchased a new position in shares of Hancock Whitney in the 3rd quarter worth approximately $315,000. Quest Partners LLC boosted its stake in shares of Hancock Whitney by 66.7% in the 3rd quarter. Quest Partners LLC now owns 33,106 shares of the company's stock worth $1,694,000 after buying an additional 13,243 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in shares of Hancock Whitney by 105.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 74,736 shares of the company's stock worth $3,824,000 after buying an additional 38,398 shares during the last quarter. Institutional investors and hedge funds own 81.22% of the company's stock.

Wall Street Analyst Weigh In

HWC has been the topic of a number of research analyst reports. Truist Financial cut their target price on Hancock Whitney from $57.00 to $56.00 and set a "hold" rating on the stock in a research note on Friday, September 20th. DA Davidson boosted their target price on Hancock Whitney from $62.00 to $65.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $56.89.

Insider Buying and Selling

In other news, CFO Michael M. Achary sold 8,431 shares of the firm's stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $52.55, for a total transaction of $443,049.05. Following the transaction, the chief financial officer now directly owns 54,380 shares of the company's stock, valued at approximately $2,857,669. This trade represents a 13.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Carleton Richard Wilkins sold 800 shares of the stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $50.95, for a total value of $40,760.00. Following the sale, the director now owns 15,900 shares of the company's stock, valued at $810,105. This represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,994 shares of company stock worth $1,593,710. Corporate insiders own 1.10% of the company's stock.

Hancock Whitney Stock Performance

HWC stock traded down $0.40 during midday trading on Wednesday, reaching $56.80. 107,190 shares of the company's stock traded hands, compared to its average volume of 507,544. The company has a 50-day moving average price of $52.83 and a two-hundred day moving average price of $50.30. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.81 and a current ratio of 0.82. Hancock Whitney Co. has a 52 week low of $39.38 and a 52 week high of $61.41. The firm has a market capitalization of $4.89 billion, a PE ratio of 12.83 and a beta of 1.25.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last released its quarterly earnings results on Tuesday, October 15th. The company reported $1.33 EPS for the quarter, beating analysts' consensus estimates of $1.31 by $0.02. The firm had revenue of $525.37 million during the quarter, compared to analyst estimates of $363.54 million. Hancock Whitney had a net margin of 19.30% and a return on equity of 11.47%. During the same period in the previous year, the business earned $1.12 EPS. As a group, equities analysts anticipate that Hancock Whitney Co. will post 5.2 EPS for the current year.

Hancock Whitney Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Thursday, December 5th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, December 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.82%. Hancock Whitney's dividend payout ratio (DPR) is currently 35.87%.

About Hancock Whitney

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.