Dimensional Fund Advisors LP Sells 57,565 Shares of Hancock Whitney Co. (NASDAQ:HWC)

Dimensional Fund Advisors LP trimmed its position in Hancock Whitney Co. (NASDAQ:HWC - Free Report) by 1.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,937,174 shares of the company's stock after selling 57,565 shares during the period. Dimensional Fund Advisors LP owned approximately 5.74% of Hancock Whitney worth $270,163,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HWC. Grove Bank & Trust bought a new stake in Hancock Whitney in the 4th quarter valued at about $31,000. R Squared Ltd acquired a new position in Hancock Whitney during the 4th quarter valued at about $49,000. GeoWealth Management LLC acquired a new position in Hancock Whitney during the 4th quarter valued at about $65,000. Parkside Financial Bank & Trust boosted its stake in 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 purchasing an additional 169 shares during the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in Hancock Whitney during the 4th quarter valued at about $138,000. 81.22% of the stock is owned by institutional investors.

Hancock Whitney Stock Performance

Hancock Whitney stock traded down $0.29 during trading on Friday, hitting $52.01. The stock had a trading volume of 553,497 shares, compared to its average volume of 582,052. Hancock Whitney Co. has a 1 year low of $43.60 and a 1 year high of $62.40. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.05. The stock's 50 day moving average is $51.66 and its two-hundred day moving average is $55.15. The stock has a market cap of $4.48 billion, a price-to-earnings ratio of 9.85 and a beta of 0.99.

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

Hancock Whitney Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Thursday, June 5th will be paid a $0.45 dividend. The ex-dividend date is Thursday, June 5th. This represents a $1.80 annualized dividend and a yield of 3.46%. Hancock Whitney's payout ratio is 33.21%.

Insider Activity at Hancock Whitney

In other Hancock Whitney 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 of the company's stock, valued at $1,106,983.71. The trade was a 3.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.91% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Keefe, Bruyette & Woods cut their price target on Hancock Whitney from $68.00 to $62.00 and set an "outperform" rating for the company in a research note on Wednesday, April 16th. Piper Sandler reiterated an "overweight" rating and set a $70.00 price target (up previously from $68.00) on shares of Hancock Whitney in a research note on Wednesday, April 16th. DA Davidson cut their price target 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. Stephens cut their target price on Hancock Whitney from $73.00 to $69.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Finally, StockNews.com upgraded 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 issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $60.56.

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.