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UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 15,703 Shares of Hancock Whitney Co. (NASDAQ:HWC)

Hancock Whitney logo with Finance background

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Hancock Whitney Co. (NASDAQ:HWC - Free Report) by 6.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 246,483 shares of the company's stock after purchasing an additional 15,703 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.29% of Hancock Whitney worth $12,613,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HWC. Dimensional Fund Advisors LP increased its holdings in shares of Hancock Whitney by 3.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,980,204 shares of the company's stock worth $238,197,000 after purchasing an additional 167,304 shares during the period. American Century Companies Inc. increased its stake in Hancock Whitney by 20.4% during the second quarter. American Century Companies Inc. now owns 1,401,113 shares of the company's stock valued at $67,015,000 after acquiring an additional 237,526 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Hancock Whitney by 4.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,154,835 shares of the company's stock valued at $59,093,000 after acquiring an additional 46,622 shares in the last quarter. Hancock Whitney Corp lifted its position in shares of Hancock Whitney by 30.9% in the 2nd quarter. Hancock Whitney Corp now owns 1,069,223 shares of the company's stock worth $51,141,000 after acquiring an additional 252,473 shares during the period. Finally, Millennium Management LLC increased its position in shares of Hancock Whitney by 20.9% during the second quarter. Millennium Management LLC now owns 780,882 shares of the company's stock valued at $37,350,000 after purchasing an additional 135,076 shares during the period. Institutional investors and hedge funds own 81.22% of the company's stock.

Insiders Place Their Bets

In other news, CEO John M. Hairston sold 18,000 shares of Hancock Whitney stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $59.44, for a total transaction of $1,069,920.00. Following the transaction, the chief executive officer now owns 254,026 shares in the company, valued at $15,099,305.44. The trade was a 6.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Christine L. Pickering sold 763 shares of the company's stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $52.40, for a total transaction of $39,981.20. Following the completion of the transaction, the director now owns 23,518 shares of the company's stock, valued at $1,232,343.20. This trade represents a 3.14 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 27,994 shares of company stock valued at $1,593,710. 1.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Keefe, Bruyette & Woods lifted their price target on shares of Hancock Whitney from $60.00 to $70.00 and gave the stock an "outperform" rating in a research note on Wednesday. Truist Financial decreased their target price on shares of Hancock Whitney from $57.00 to $56.00 and set a "hold" rating on the stock in a research report on Friday, September 20th. Finally, DA Davidson increased their price target on shares of Hancock Whitney from $62.00 to $65.00 and gave the stock a "buy" rating in a research report on Wednesday, October 16th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $58.00.

Read Our Latest Analysis on HWC

Hancock Whitney Price Performance

Shares of HWC stock traded up $0.43 during trading hours on Friday, hitting $58.97. 302,230 shares of the company's stock were exchanged, compared to its average volume of 485,847. The stock's 50-day moving average is $55.14 and its 200-day moving average is $51.32. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.82 and a quick ratio of 0.81. Hancock Whitney Co. has a 52 week low of $41.19 and a 52 week high of $62.40. The stock has a market cap of $5.07 billion, a price-to-earnings ratio of 13.22 and a beta of 1.27.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last announced its earnings results on Tuesday, October 15th. The company reported $1.33 earnings per share for the quarter, topping analysts' consensus estimates of $1.31 by $0.02. Hancock Whitney had a net margin of 19.30% and a return on equity of 11.47%. The company had revenue of $525.37 million during the quarter, compared to the consensus estimate of $363.54 million. During the same period in the previous year, the firm posted $1.12 earnings per share. As a group, research analysts forecast that Hancock Whitney Co. will post 5.19 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. Investors of record on Thursday, December 5th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend is Thursday, December 5th. Hancock Whitney's dividend payout ratio is 35.87%.

Hancock Whitney Company 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.

See Also

Institutional Ownership by Quarter for Hancock Whitney (NASDAQ:HWC)

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