Hancock Whitney Co. (NASDAQ:HWC) Position Reduced by Ameriprise Financial Inc.

Ameriprise Financial Inc. decreased its holdings in shares of Hancock Whitney Co. (NASDAQ:HWC - Free Report) by 15.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 590,982 shares of the company's stock after selling 104,641 shares during the period. Ameriprise Financial Inc. owned about 0.69% of Hancock Whitney worth $32,339,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in HWC. Parkside Financial Bank & Trust grew its position in shares of Hancock Whitney by 9.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,911 shares of the company's stock worth $105,000 after acquiring an additional 169 shares during the last quarter. Sanctuary Advisors LLC grew its position 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 during the last quarter. Pacer Advisors Inc. grew its position in shares of Hancock Whitney by 1.9% during the fourth 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. US Bancorp DE grew its position in shares of Hancock Whitney by 11.4% during 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 during the last quarter. Finally, BTC Capital Management Inc. grew its position in shares of Hancock Whitney by 4.6% during the fourth quarter. BTC Capital Management Inc. now owns 7,121 shares of the company's stock worth $390,000 after acquiring an additional 311 shares during the last quarter. Institutional investors own 81.22% of the company's stock.

Hancock Whitney Price Performance

NASDAQ HWC traded up $0.12 on Monday, reaching $56.89. The company's stock had a trading volume of 441,908 shares, compared to its average volume of 594,059. Hancock Whitney Co. has a twelve month low of $43.60 and a twelve month high of $62.40. 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 stock has a market cap of $4.87 billion, a PE ratio of 10.77 and a beta of 1.05. The firm's 50 day moving average is $51.69 and its two-hundred day moving average is $55.43.

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

Hancock Whitney Announces Dividend

The firm also recently declared 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. This represents a $1.80 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend is Thursday, June 5th. Hancock Whitney's payout ratio is 33.21%.

Insider Buying and Selling at Hancock Whitney

In other Hancock Whitney news, Director Christine L. Pickering sold 838 shares of the company's stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $48.09, for a total transaction of $40,299.42. Following the completion of the sale, the director now directly owns 23,019 shares of the company's stock, valued at approximately $1,106,983.71. This represents a 3.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.91% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

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.