Victory Capital Management Inc. Sells 21,858 Shares of Hancock Whitney Co. (NASDAQ:HWC)

Victory Capital Management Inc. trimmed its holdings in shares of Hancock Whitney Co. (NASDAQ:HWC - Free Report) by 3.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 553,776 shares of the company's stock after selling 21,858 shares during the period. Victory Capital Management Inc. owned 0.64% of Hancock Whitney worth $30,303,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HWC. Harvest Fund Management Co. Ltd acquired a new position in shares of Hancock Whitney during the third quarter worth approximately $28,000. Grove Bank & Trust acquired a new stake in Hancock Whitney during the 4th quarter worth about $31,000. R Squared Ltd acquired a new position in Hancock Whitney in the 4th quarter valued at approximately $49,000. Parkside Financial Bank & Trust grew its stake in Hancock Whitney by 9.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,911 shares of the company's stock valued at $105,000 after purchasing an additional 169 shares in the last quarter. Finally, US Bancorp DE grew its position in Hancock Whitney by 11.4% in the fourth quarter. US Bancorp DE now owns 2,581 shares of the company's stock worth $141,000 after acquiring an additional 265 shares in the last quarter. 81.22% of the stock is currently owned by institutional investors and hedge funds.

Hancock Whitney Price Performance

NASDAQ:HWC traded down $0.75 on Thursday, hitting $49.61. The company had a trading volume of 438,063 shares, compared to its average volume of 504,992. The firm has a 50 day moving average of $57.38 and a two-hundred day moving average of $55.33. The stock has a market capitalization of $4.27 billion, a price-to-earnings ratio of 9.40 and a beta of 1.24. Hancock Whitney Co. has a 52 week low of $41.56 and a 52 week high of $62.40. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.05.

Remove Ads

Hancock Whitney (NASDAQ:HWC - Get Free Report) last released its quarterly earnings results on Tuesday, January 21st. The company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate 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 in the prior year, the company earned $1.26 earnings per share. On average, research analysts anticipate that Hancock Whitney Co. will post 5.53 earnings per share for the current year.

Hancock Whitney Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Wednesday, March 5th will be given a $0.45 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This is a positive change from Hancock Whitney's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 3.63%. Hancock Whitney's dividend payout ratio (DPR) is 34.09%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Raymond James reiterated a "strong-buy" rating and issued a $72.00 target price (up previously from $64.00) on shares of Hancock Whitney in a report on Wednesday, January 22nd. Stephens reaffirmed an "overweight" rating and issued a $74.00 target price (up from $68.00) on shares of Hancock Whitney in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods raised 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, December 4th. Finally, StockNews.com raised Hancock Whitney from a "sell" rating to a "hold" rating in a research note on Monday, March 3rd. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $62.56.

Hancock Whitney Company Profile

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.