Nuveen Asset Management LLC Decreases Stock Position in Hancock Whitney Co. (NASDAQ:HWC)

Nuveen Asset Management LLC decreased its holdings in shares of Hancock Whitney Co. (NASDAQ:HWC - Free Report) by 5.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 731,500 shares of the company's stock after selling 40,853 shares during the period. Nuveen Asset Management LLC owned 0.85% of Hancock Whitney worth $40,028,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in HWC. Barclays PLC boosted its position in shares of Hancock Whitney by 149.2% during the 3rd quarter. Barclays PLC now owns 321,196 shares of the company's stock valued at $16,435,000 after purchasing an additional 192,295 shares in the last quarter. Grove Bank & Trust bought a new stake in shares of Hancock Whitney during the 4th quarter valued at about $31,000. Barlow Wealth Partners Inc. bought a new stake in shares of Hancock Whitney during the 4th quarter valued at about $205,000. Blue Trust Inc. boosted its holdings in Hancock Whitney by 14.2% in the fourth quarter. Blue Trust Inc. now owns 3,393 shares of the company's stock worth $174,000 after acquiring an additional 422 shares in the last quarter. Finally, KBC Group NV boosted its holdings in Hancock Whitney by 1,987.7% in the fourth quarter. KBC Group NV now owns 51,420 shares of the company's stock worth $2,814,000 after acquiring an additional 48,957 shares in the last quarter. Institutional investors own 81.22% of the company's stock.

Hancock Whitney Stock Down 1.1%

Shares of Hancock Whitney stock traded down $0.60 on Friday, hitting $54.25. The company had a trading volume of 509,125 shares, compared to its average volume of 595,352. The stock has a market capitalization of $4.65 billion, a price-to-earnings ratio of 10.27 and a beta of 1.05. Hancock Whitney Co. has a 1 year low of $43.60 and a 1 year high of $62.40. The stock has a 50 day moving average of $52.02 and a 200-day moving average of $55.46. 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 firm had revenue of $367.50 million during the quarter, compared to the consensus estimate of $368.12 million. Hancock Whitney had a return on equity of 11.56% and a net margin of 22.40%. As a group, sell-side analysts forecast that Hancock Whitney Co. will post 5.53 earnings per share for the current year.

Hancock Whitney Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Thursday, June 5th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 3.32%. The ex-dividend date is Thursday, June 5th. Hancock Whitney's dividend payout ratio (DPR) is presently 33.21%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on HWC. Raymond James reiterated a "strong-buy" rating and issued a $62.00 price target (down previously from $72.00) on shares of Hancock Whitney in a report on Wednesday, April 16th. DA Davidson cut their price target on Hancock Whitney from $69.00 to $62.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Stephens cut their price target on Hancock Whitney from $73.00 to $69.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Piper Sandler reiterated an "overweight" rating and issued a $70.00 price target (up previously from $68.00) on shares of Hancock Whitney in a report on Wednesday, April 16th. Finally, Keefe, Bruyette & Woods cut their price target on Hancock Whitney from $68.00 to $62.00 and set an "outperform" rating on the stock in a report on Wednesday, April 16th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $61.25.

Insider Transactions at Hancock Whitney

In related news, Director Christine L. Pickering sold 838 shares of the stock in a transaction that occurred on Monday, April 21st. The stock was 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 trade represents a 3.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.91% of the company's stock.

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.