Hancock Whitney Co. (NASDAQ:HWC) Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB raised its stake in Hancock Whitney Co. (NASDAQ:HWC) by 31.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,174 shares of the company’s stock after purchasing an additional 4,800 shares during the quarter. Handelsbanken Fonder AB’s holdings in Hancock Whitney were worth $1,032,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of HWC. Cim Investment Management Inc. purchased a new position in Hancock Whitney in the 4th quarter valued at $210,000. Spouting Rock Asset Management LLC boosted its holdings in shares of Hancock Whitney by 15.9% in the fourth quarter. Spouting Rock Asset Management LLC now owns 24,444 shares of the company’s stock valued at $1,188,000 after acquiring an additional 3,346 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Hancock Whitney by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 9,192,628 shares of the company’s stock worth $446,670,000 after acquiring an additional 95,432 shares during the period. BTC Capital Management Inc. acquired a new position in shares of Hancock Whitney during the first quarter worth about $349,000. Finally, State of Michigan Retirement System raised its holdings in Hancock Whitney by 2.4% during the first quarter. State of Michigan Retirement System now owns 21,140 shares of the company’s stock worth $973,000 after purchasing an additional 500 shares in the last quarter. Institutional investors and hedge funds own 81.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on HWC shares. Hovde Group lifted their price objective on Hancock Whitney from $55.00 to $62.00 and gave the company an “outperform” rating in a report on Wednesday, July 17th. Keefe, Bruyette & Woods lifted their price target on Hancock Whitney from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Wednesday, July 17th. Truist Financial cut their price objective on Hancock Whitney from $57.00 to $56.00 and set a “hold” rating for the company in a research report on Friday, September 20th. Jefferies Financial Group decreased their target price on shares of Hancock Whitney from $48.00 to $47.00 and set a “hold” rating on the stock in a research report on Wednesday, July 3rd. Finally, DA Davidson increased their price target on shares of Hancock Whitney from $57.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $56.67.

Insider Buying and Selling at Hancock Whitney

In other news, Director Frank E. Bertucci sold 2,053 shares of the business’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $57.03, for a total value of $117,082.59. Following the completion of the transaction, the director now directly owns 22,554 shares of the company’s stock, valued at $1,286,254.62. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.10% of the stock is owned by insiders.

Hancock Whitney Trading Up 2.9 %

Shares of HWC stock opened at $52.50 on Friday. Hancock Whitney Co. has a fifty-two week low of $32.16 and a fifty-two week high of $57.78. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.06. The business has a fifty day simple moving average of $50.45 and a 200-day simple moving average of $48.34. The stock has a market cap of $4.53 billion, a P/E ratio of 12.35 and a beta of 1.26.

Hancock Whitney (NASDAQ:HWC) last posted its earnings results on Tuesday, July 16th. The company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.11. Hancock Whitney had a net margin of 18.63% and a return on equity of 11.51%. The firm had revenue of $359.60 million during the quarter, compared to the consensus estimate of $359.11 million. During the same period last year, the firm posted $1.35 EPS. The firm’s revenue for the quarter was up .7% on a year-over-year basis. On average, analysts forecast that Hancock Whitney Co. will post 5.14 earnings per share for the current fiscal year.

Hancock Whitney Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Thursday, September 5th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date was Thursday, September 5th. Hancock Whitney’s payout ratio is currently 37.65%.

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.