Summit Global Investments reduced its position in shares of Hancock Whitney Co. (NASDAQ:HWC - Free Report) by 29.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,808 shares of the company's stock after selling 8,424 shares during the quarter. Summit Global Investments' holdings in Hancock Whitney were worth $1,084,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HWC. Barclays PLC lifted its holdings in shares of Hancock Whitney by 149.2% in the third quarter. Barclays PLC now owns 321,196 shares of the company's stock valued at $16,435,000 after buying an additional 192,295 shares during the period. Raymond James Financial Inc. acquired a new stake in Hancock Whitney in the 4th quarter valued at about $9,517,000. Basswood Capital Management L.L.C. lifted its holdings in Hancock Whitney by 36.8% in the 3rd quarter. Basswood Capital Management L.L.C. now owns 607,239 shares of the company's stock valued at $31,072,000 after acquiring an additional 163,438 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Hancock Whitney by 21.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 551,636 shares of the company's stock valued at $28,227,000 after purchasing an additional 96,092 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Hancock Whitney by 6.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,228,710 shares of the company's stock worth $67,235,000 after purchasing an additional 73,875 shares during the last quarter. 81.22% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
HWC has been the subject of a number of research reports. Raymond James restated a "strong-buy" rating and set a $72.00 target price (up from $64.00) on shares of Hancock Whitney in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods lifted their target price 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 set a $74.00 target price (up from $68.00) on shares of Hancock Whitney in a research report on Wednesday, January 22nd. Finally, StockNews.com upgraded Hancock Whitney from a "sell" rating to a "hold" rating in a research report on Monday, March 3rd. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $62.56.
Get Our Latest Report on HWC
Hancock Whitney Stock Down 1.0 %
Shares of HWC stock traded down $0.55 on Thursday, reaching $53.55. 667,054 shares of the company's stock traded hands, compared to its average volume of 519,235. The company has a market capitalization of $4.61 billion, a P/E ratio of 10.14 and a beta of 1.24. 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. The business's 50 day moving average price is $56.66 and its two-hundred day moving average price is $55.31.
Hancock Whitney (NASDAQ:HWC - Get Free Report) last released its earnings results on Tuesday, January 21st. The company reported $1.40 earnings per share 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 in the previous year, the firm posted $1.26 EPS. On average, equities analysts forecast that Hancock Whitney Co. will post 5.53 earnings per share for the current year.
Hancock Whitney Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Wednesday, March 5th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 3.36%. The ex-dividend date of this dividend was Wednesday, March 5th. 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%.
Hancock Whitney Profile
(
Free Report)
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.
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