452,764 Shares in Hancock Whitney Co. (NASDAQ:HWC) Acquired by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC acquired a new position in shares of Hancock Whitney Co. (NASDAQ:HWC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 452,764 shares of the company's stock, valued at approximately $24,775,000. Silvercrest Asset Management Group LLC owned approximately 0.53% of Hancock Whitney at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of HWC. Parkside Financial Bank & Trust raised its holdings in shares of Hancock Whitney by 9.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,911 shares of the company's stock valued at $105,000 after buying an additional 169 shares in the last quarter. Focus Partners Wealth grew its position in Hancock Whitney by 1.8% during the fourth quarter. Focus Partners Wealth now owns 9,854 shares of the company's stock valued at $539,000 after acquiring an additional 173 shares during the last quarter. Sanctuary Advisors LLC raised its stake in shares of Hancock Whitney by 1.1% during the fourth quarter. Sanctuary Advisors LLC now owns 20,358 shares of the company's stock worth $1,221,000 after acquiring an additional 227 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Hancock Whitney by 1.9% in the 4th quarter. Pacer Advisors Inc. now owns 12,845 shares of the company's stock worth $703,000 after acquiring an additional 238 shares during the last quarter. Finally, US Bancorp DE boosted its stake in shares of Hancock Whitney by 11.4% in the 4th quarter. US Bancorp DE now owns 2,581 shares of the company's stock valued at $141,000 after purchasing an additional 265 shares in the last quarter. Hedge funds and other institutional investors own 81.22% of the company's stock.

Insider Buying and Selling at Hancock Whitney

In other news, Director Christine L. Pickering sold 838 shares of the business's stock in a transaction on Monday, April 21st. The shares were sold at an average price of $48.09, for a total transaction of $40,299.42. Following the sale, the director now owns 23,019 shares in the company, valued at approximately $1,106,983.71. The trade was a 3.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.91% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on HWC shares. Wall Street Zen upgraded shares of Hancock Whitney from a "sell" rating to a "hold" rating in a research report on Monday, March 3rd. DA Davidson lowered their target price on Hancock Whitney from $69.00 to $62.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Piper Sandler restated an "overweight" rating and set a $70.00 target price (up from $68.00) on shares of Hancock Whitney in a report on Wednesday, April 16th. Stephens dropped their price objective on Hancock Whitney from $73.00 to $69.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Finally, Raymond James reaffirmed a "strong-buy" rating and issued a $62.00 target price (down from $72.00) on shares of Hancock Whitney in a research note on Wednesday, April 16th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $61.25.

Hancock Whitney Trading Up 0.9%

Shares of Hancock Whitney stock traded up $0.46 during midday trading on Thursday, reaching $55.00. 103,849 shares of the company's stock traded hands, compared to its average volume of 592,392. The stock has a 50 day moving average of $51.89 and a 200-day moving average of $55.43. Hancock Whitney Co. has a 12 month low of $43.60 and a 12 month high of $62.40. The company has a market cap of $4.71 billion, a PE ratio of 10.43 and a beta of 1.05. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.79 and a current ratio of 0.79.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last issued its quarterly earnings data on Tuesday, April 15th. The company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.28 by $0.10. The business had revenue of $367.50 million during the quarter, compared to analyst estimates of $368.12 million. Hancock Whitney had a net margin of 22.40% and a return on equity of 11.56%. As a group, equities analysts expect that Hancock Whitney Co. will post 5.53 EPS for the current fiscal year.

Hancock Whitney Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Thursday, June 5th will be issued a $0.45 dividend. The ex-dividend date is Thursday, June 5th. This represents a $1.80 annualized dividend and a yield of 3.27%. Hancock Whitney's dividend payout ratio (DPR) is presently 33.21%.

Hancock Whitney 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.