Deutsche Bank AG Has $20.52 Million Stock Holdings in Hancock Whitney Corporation (NASDAQ:HWC)

Deutsche Bank AG increased its position in shares of Hancock Whitney Corporation (NASDAQ:HWC - Free Report) by 60.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 391,182 shares of the company's stock after purchasing an additional 147,526 shares during the quarter. Deutsche Bank AG owned 0.45% of Hancock Whitney worth $20,517,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of HWC. Allspring Global Investments Holdings LLC boosted its position in Hancock Whitney by 6.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,027,364 shares of the company's stock worth $105,139,000 after purchasing an additional 128,860 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Hancock Whitney by 17.1% in the fourth quarter. AQR Capital Management LLC now owns 1,321,280 shares of the company's stock valued at $72,300,000 after acquiring an additional 193,028 shares in the last quarter. Northern Trust Corp lifted its position in shares of Hancock Whitney by 5.5% in the fourth quarter. Northern Trust Corp now owns 1,265,146 shares of the company's stock valued at $69,229,000 after acquiring an additional 66,074 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new position in shares of Hancock Whitney in the first quarter valued at approximately $43,019,000. Finally, Bank of America Corp DE lifted its position in shares of Hancock Whitney by 0.6% in the fourth quarter. Bank of America Corp DE now owns 652,540 shares of the company's stock valued at $35,707,000 after acquiring an additional 3,890 shares in the last quarter. Institutional investors and hedge funds own 81.22% of the company's stock.

Hancock Whitney Stock Down 2.2%

NASDAQ:HWC traded down $1.37 during mid-day trading on Friday, reaching $59.86. The stock had a trading volume of 556,356 shares, compared to its average volume of 692,699. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.81 and a quick ratio of 0.81. The stock's 50 day simple moving average is $58.44 and its two-hundred day simple moving average is $55.51. Hancock Whitney Corporation has a 1-year low of $43.90 and a 1-year high of $62.90. The company has a market capitalization of $5.07 billion, a price-to-earnings ratio of 11.02 and a beta of 1.11.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last announced its earnings results on Tuesday, July 15th. The company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.36 by $0.01. Hancock Whitney had a return on equity of 11.21% and a net margin of 23.28%. The firm had revenue of $377.98 million for the quarter, compared to analysts' expectations of $375.99 million. During the same quarter in the previous year, the company earned $1.31 earnings per share. Equities analysts anticipate that Hancock Whitney Corporation will post 5.53 EPS for the current year.

Hancock Whitney Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, September 5th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.0%. Hancock Whitney's dividend payout ratio is currently 33.15%.

Analyst Ratings Changes

Several research firms have recently weighed in on HWC. Hovde Group raised their target price on Hancock Whitney from $65.00 to $72.00 and gave the company an "outperform" rating in a research report on Wednesday, July 16th. Piper Sandler raised their target price on Hancock Whitney from $70.00 to $72.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Raymond James Financial reiterated a "strong-buy" rating on shares of Hancock Whitney in a research report on Wednesday, July 16th. Keefe, Bruyette & Woods downgraded Hancock Whitney from an "outperform" rating to a "market perform" rating and lifted their price objective for the stock from $62.00 to $63.00 in a research report on Friday, July 11th. Finally, DA Davidson lifted their price objective on Hancock Whitney from $65.00 to $67.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $66.71.

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.