Sei Investments Co. Has $6.66 Million Stock Holdings in Hancock Whitney Co. (NASDAQ:HWC)

Sei Investments Co. reduced its stake in shares of Hancock Whitney Co. (NASDAQ:HWC - Free Report) by 4.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 121,761 shares of the company's stock after selling 6,243 shares during the period. Sei Investments Co. owned 0.14% of Hancock Whitney worth $6,663,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Grove Bank & Trust purchased a new stake in shares of Hancock Whitney during the 4th quarter worth about $31,000. R Squared Ltd bought a new stake in Hancock Whitney in the fourth quarter worth $49,000. Parkside Financial Bank & Trust increased its position in Hancock Whitney by 9.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,911 shares of the company's stock worth $105,000 after buying an additional 169 shares during the last quarter. US Bancorp DE raised its holdings 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 buying an additional 265 shares in the last quarter. Finally, TD Private Client Wealth LLC lifted its position in shares of Hancock Whitney by 30.7% in the third quarter. TD Private Client Wealth LLC now owns 2,941 shares of the company's stock worth $150,000 after buying an additional 691 shares during the last quarter. 81.22% of the stock is currently owned by hedge funds and other institutional investors.

Hancock Whitney Price Performance

Hancock Whitney stock traded down $1.48 during mid-day trading on Friday, hitting $46.05. 1,352,084 shares of the company were exchanged, compared to its average volume of 559,111. The company has a market capitalization of $3.97 billion, a PE ratio of 8.72 and a beta of 0.99. The business has a fifty day moving average of $55.48 and a 200 day moving average of $55.38. Hancock Whitney Co. has a 1-year low of $41.56 and a 1-year high of $62.40. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.05.

Remove Ads

Hancock Whitney (NASDAQ:HWC - Get Free Report) last announced its earnings results on Tuesday, January 21st. The company reported $1.40 earnings per share for the quarter, beating analysts' consensus estimates 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 period last year, the firm earned $1.26 earnings per share. As a group, sell-side analysts expect that Hancock Whitney Co. will post 5.53 earnings per share for the current year.

Hancock Whitney Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.91%. This is a positive change from Hancock Whitney's previous quarterly dividend of $0.40. The ex-dividend date was Wednesday, March 5th. Hancock Whitney's dividend payout ratio is presently 34.09%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. StockNews.com raised Hancock Whitney from a "sell" rating to a "hold" rating in a research note on Monday, March 3rd. Raymond James restated a "strong-buy" rating and issued a $72.00 price objective (up from $64.00) on shares of Hancock Whitney in a research note on Wednesday, January 22nd. Finally, Stephens reiterated an "overweight" rating and issued a $74.00 target price (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 assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $62.56.

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.