Hancock Whitney Corporation (NASDAQ:HWC) Stock Position Raised by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its holdings in shares of Hancock Whitney Corporation (NASDAQ:HWC - Free Report) by 6.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,027,364 shares of the company's stock after purchasing an additional 128,860 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 2.35% of Hancock Whitney worth $105,139,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HWC. Vanguard Group Inc. boosted its stake in Hancock Whitney by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 10,097,563 shares of the company's stock worth $552,539,000 after buying an additional 181,706 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Hancock Whitney by 17.1% in the 4th quarter. AQR Capital Management LLC now owns 1,321,280 shares of the company's stock worth $72,300,000 after acquiring an additional 193,028 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Hancock Whitney by 5.5% during the 4th quarter. Northern Trust Corp now owns 1,265,146 shares of the company's stock worth $69,229,000 after purchasing an additional 66,074 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Hancock Whitney by 6.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,228,710 shares of the company's stock valued at $67,235,000 after purchasing an additional 73,875 shares during the last quarter. Finally, Norges Bank purchased a new stake in Hancock Whitney in the 4th quarter worth about $54,605,000. Institutional investors own 81.22% of the company's stock.

Hancock Whitney Stock Performance

Shares of HWC stock traded up $1.16 on Wednesday, hitting $60.47. The company had a trading volume of 445,227 shares, compared to its average volume of 612,954. Hancock Whitney Corporation has a twelve month low of $43.90 and a twelve month high of $62.40. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.05. The company has a 50-day moving average price of $54.84 and a 200-day moving average price of $54.71. The firm has a market cap of $5.18 billion, a P/E ratio of 11.16 and a beta of 1.05.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last announced 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. The company had revenue of $367.50 million during the quarter, compared to analysts' expectations of $368.12 million. Hancock Whitney had a net margin of 23.15% and a return on equity of 11.43%. As a group, equities research analysts predict that Hancock Whitney Corporation will post 5.53 earnings per share for the current fiscal year.

Hancock Whitney Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Thursday, June 5th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date was Thursday, June 5th. Hancock Whitney's dividend payout ratio (DPR) is 33.21%.

Analyst Ratings Changes

A number of research firms have weighed in on HWC. Keefe, Bruyette & Woods reduced their target price on Hancock Whitney from $68.00 to $62.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 16th. Stephens reduced their price target on shares of Hancock Whitney from $73.00 to $69.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Piper Sandler reissued an "overweight" rating and issued a $70.00 price objective (up from $68.00) on shares of Hancock Whitney in a research report on Wednesday, April 16th. Raymond James Financial reaffirmed a "strong-buy" rating and set a $62.00 target price (down from $72.00) on shares of Hancock Whitney in a research report on Wednesday, April 16th. Finally, DA Davidson lowered their price target on Hancock Whitney from $69.00 to $62.00 and set a "buy" rating for the company 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 assigned a strong buy rating to the stock. According to MarketBeat.com, Hancock Whitney currently has an average rating of "Moderate Buy" and an average price target of $61.25.

Insider Transactions at Hancock Whitney

In other Hancock Whitney news, Director Christine L. Pickering sold 838 shares of Hancock Whitney 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 transaction, the director directly owned 23,019 shares in the company, valued at approximately $1,106,983.71. The trade was a 3.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.91% of the stock is owned by company insiders.

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.