Vanguard Group Inc. grew its position in Hancock Whitney Co. (NASDAQ:HWC - Free Report) by 1.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,097,563 shares of the company's stock after purchasing an additional 181,706 shares during the period. Vanguard Group Inc. owned about 11.73% of Hancock Whitney worth $552,539,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in Hancock Whitney by 21.1% in the third quarter. JPMorgan Chase & Co. now owns 551,636 shares of the company's stock valued at $28,227,000 after buying an additional 96,092 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of Hancock Whitney in the fourth quarter valued at approximately $1,096,000. Charles Schwab Investment Management Inc. boosted its holdings 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 acquiring an additional 73,875 shares in the last quarter. Inman Jager Wealth Management LLC bought a new stake in Hancock Whitney during the 4th quarter worth approximately $696,000. Finally, KBC Group NV increased its holdings in Hancock Whitney by 1,987.7% during the 4th quarter. KBC Group NV now owns 51,420 shares of the company's stock valued at $2,814,000 after purchasing an additional 48,957 shares in the last quarter. Institutional investors and hedge funds own 81.22% of the company's stock.
Hancock Whitney Trading Down 3.1 %
Shares of NASDAQ HWC traded down $1.48 during mid-day trading on Friday, hitting $46.05. The company's stock had a trading volume of 1,352,084 shares, compared to its average volume of 559,111. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.79 and a quick ratio of 0.79. The stock has a market cap of $3.97 billion, a price-to-earnings ratio of 8.72 and a beta of 0.99. The company's fifty day simple moving average is $55.48 and its 200-day simple moving average is $55.38. Hancock Whitney Co. has a one year low of $41.56 and a one year high of $62.40.
Hancock Whitney (NASDAQ:HWC - Get Free Report) last released its earnings results on Tuesday, January 21st. The company reported $1.40 EPS for the quarter, topping analysts' consensus estimates 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 firm posted $1.26 earnings per share. On average, sell-side analysts anticipate that Hancock Whitney Co. will post 5.53 earnings per share for the current fiscal year.
Hancock Whitney Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Wednesday, March 5th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date was Wednesday, March 5th. This is an increase from Hancock Whitney's previous quarterly dividend of $0.40. Hancock Whitney's dividend payout ratio is currently 34.09%.
Analysts Set New Price Targets
HWC has been the topic of several research analyst reports. Raymond James restated a "strong-buy" rating and set a $72.00 target price (up previously from $64.00) on shares of Hancock Whitney in a report on Wednesday, January 22nd. Stephens reiterated an "overweight" rating and set a $74.00 price target (up previously from $68.00) on shares of Hancock Whitney in a research report on Wednesday, January 22nd. Finally, StockNews.com upgraded shares of 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 issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $62.56.
Get Our Latest Stock Analysis on HWC
About Hancock Whitney
(
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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