Hancock Whitney Co. (NASDAQ:HWC) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC decreased its position in Hancock Whitney Co. (NASDAQ:HWC - Free Report) by 5.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 731,500 shares of the company's stock after selling 40,853 shares during the quarter. Nuveen Asset Management LLC owned 0.85% of Hancock Whitney worth $40,028,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Numerai GP LLC acquired a new position in shares of Hancock Whitney in the fourth quarter worth $3,273,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Hancock Whitney by 4.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,409 shares of the company's stock worth $2,704,000 after acquiring an additional 1,896 shares in the last quarter. Interval Partners LP grew its stake in shares of Hancock Whitney by 5.0% in the fourth quarter. Interval Partners LP now owns 197,467 shares of the company's stock worth $10,805,000 after acquiring an additional 9,366 shares in the last quarter. Focus Partners Wealth grew its stake in shares of Hancock Whitney by 1.8% in the fourth quarter. Focus Partners Wealth now owns 9,854 shares of the company's stock worth $539,000 after acquiring an additional 173 shares in the last quarter. Finally, Deutsche Bank AG grew its stake in shares of Hancock Whitney by 55.6% in the fourth quarter. Deutsche Bank AG now owns 243,656 shares of the company's stock worth $13,333,000 after acquiring an additional 87,093 shares in the last quarter. Institutional investors and hedge funds own 81.22% of the company's stock.

Hancock Whitney Stock Down 1.1%

NASDAQ:HWC traded down $0.60 during trading hours on Monday, hitting $54.25. The company's stock had a trading volume of 509,125 shares, compared to its average volume of 596,398. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.05. Hancock Whitney Co. has a 52-week low of $43.60 and a 52-week high of $62.40. The stock has a market capitalization of $4.65 billion, a P/E ratio of 10.27 and a beta of 1.05. The stock has a fifty day moving average of $52.06 and a 200-day moving average of $55.37.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last released its quarterly earnings data on Tuesday, April 15th. The company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate 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. On average, equities 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. Shareholders 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 3.32%. Hancock Whitney's dividend payout ratio is presently 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 on Monday, April 21st. The shares were sold at an average price of $48.09, for a total value of $40,299.42. Following the completion of the transaction, the director now owns 23,019 shares in the company, valued at $1,106,983.71. This represents a 3.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.91% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have commented on HWC. Raymond James restated a "strong-buy" rating and issued a $62.00 price target (down previously from $72.00) on shares of Hancock Whitney in a research note on Wednesday, April 16th. Piper Sandler reissued an "overweight" rating and issued a $70.00 target price (up previously from $68.00) on shares of Hancock Whitney in a report on Wednesday, April 16th. DA Davidson dropped their target price on Hancock Whitney from $69.00 to $62.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Keefe, Bruyette & Woods dropped their target price on Hancock Whitney from $68.00 to $62.00 and set an "outperform" rating on the stock in a report on Wednesday, April 16th. Finally, Wall Street Zen raised Hancock Whitney from a "sell" rating to a "hold" rating in a report on Monday, March 3rd. Three 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. Based on data from MarketBeat, Hancock Whitney presently has a consensus rating of "Moderate Buy" and a consensus target price of $61.25.

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.