Hancock Whitney Co. (NASDAQ:HWC) Shares Sold by Hibernia Wealth Partners LLC

Hibernia Wealth Partners LLC reduced its position in Hancock Whitney Co. (NASDAQ:HWC) by 3.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,661 shares of the company’s stock after selling 403 shares during the period. Hancock Whitney makes up approximately 0.5% of Hibernia Wealth Partners LLC’s holdings, making the stock its 24th largest holding. Hibernia Wealth Partners LLC’s holdings in Hancock Whitney were worth $693,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of HWC. Salzhauer Michael boosted its position in Hancock Whitney by 33.7% during the 4th quarter. Salzhauer Michael now owns 23,796 shares of the company’s stock worth $1,302,000 after purchasing an additional 6,000 shares during the period. Entropy Technologies LP boosted its position in shares of Hancock Whitney by 42.3% in the fourth quarter. Entropy Technologies LP now owns 13,121 shares of the company’s stock worth $718,000 after buying an additional 3,900 shares during the period. Inman Jager Wealth Management LLC purchased a new stake in shares of Hancock Whitney in the fourth quarter worth about $696,000. Stratos Wealth Partners LTD. raised its holdings in shares of Hancock Whitney by 12.8% during the 4th quarter. Stratos Wealth Partners LTD. now owns 13,831 shares of the company’s stock valued at $757,000 after buying an additional 1,570 shares during the period. Finally, Trust Point Inc. lifted its position in Hancock Whitney by 9.5% during the 4th quarter. Trust Point Inc. now owns 6,578 shares of the company’s stock worth $360,000 after acquiring an additional 573 shares in the last quarter. Hedge funds and other institutional investors own 81.22% of the company’s stock.

Hancock Whitney Stock Up 0.7 %

NASDAQ:HWC opened at $60.27 on Wednesday. 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 company has a market capitalization of $5.19 billion, a price-to-earnings ratio of 11.41 and a beta of 1.27. Hancock Whitney Co. has a one year low of $41.43 and a one year high of $62.40. The stock has a 50-day simple moving average of $57.50 and a 200 day simple moving average of $54.49.

Hancock Whitney (NASDAQ:HWC) last issued its earnings results on Tuesday, January 21st. The company reported $1.40 EPS for the quarter, topping 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 period last year, the business posted $1.26 earnings per share. Sell-side analysts predict that Hancock Whitney Co. will post 5.43 EPS for the current fiscal year.

Hancock Whitney Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Wednesday, March 5th will be paid a dividend of $0.45 per share. This is a positive change from Hancock Whitney’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $1.80 annualized dividend and a yield of 2.99%. Hancock Whitney’s payout ratio is presently 30.30%.

Analysts Set New Price Targets

Several brokerages have issued reports on HWC. Stephens reaffirmed an “overweight” rating and issued a $74.00 price objective (up previously 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 company an “outperform” rating in a report on Wednesday, December 4th. StockNews.com lowered shares of Hancock Whitney from a “hold” rating to a “sell” rating in a report on Thursday, January 23rd. DA Davidson upped their price objective on shares of Hancock Whitney from $62.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Finally, Raymond James reaffirmed a “strong-buy” rating and set a $72.00 target price (up from $64.00) on shares of Hancock Whitney in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $62.56.

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.