Hancock Whitney Corporation (NASDAQ:HWC) Shares Purchased by Allspring Global Investments Holdings LLC

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

Several other large investors have also recently added to or reduced their stakes in the business. Parkside Financial Bank & Trust increased its position in shares of 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 period. Focus Partners Wealth increased its position in shares of Hancock Whitney by 1.8% during the 4th quarter. Focus Partners Wealth now owns 9,854 shares of the company's stock valued at $539,000 after purchasing an additional 173 shares during the period. US Bancorp DE increased its position in shares of Hancock Whitney by 11.4% during the 4th quarter. US Bancorp DE now owns 2,581 shares of the company's stock valued at $141,000 after purchasing an additional 265 shares during the period. State of Alaska Department of Revenue increased its position in shares of Hancock Whitney by 2.7% during the 1st quarter. State of Alaska Department of Revenue now owns 10,085 shares of the company's stock valued at $528,000 after purchasing an additional 265 shares during the period. Finally, Blue Trust Inc. increased its position in shares of Hancock Whitney by 15.4% during the 1st quarter. Blue Trust Inc. now owns 2,560 shares of the company's stock valued at $134,000 after purchasing an additional 341 shares during the period. 81.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HWC has been the topic of several research analyst reports. Raymond James Financial reiterated a "strong-buy" rating and set a $62.00 price target (down from $72.00) on shares of Hancock Whitney in a research report on Wednesday, April 16th. Keefe, Bruyette & Woods lowered their price target on Hancock Whitney from $68.00 to $62.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 16th. DA Davidson reduced their price objective 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 decreased their target price on Hancock Whitney from $73.00 to $69.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Finally, Wall Street Zen upgraded Hancock Whitney from a "sell" rating to a "hold" rating in a report on Monday, March 3rd. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $61.25.

Hancock Whitney Stock Performance

Shares of NASDAQ HWC opened at $57.65 on Friday. 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 stock has a market capitalization of $4.94 billion, a price-to-earnings ratio of 10.64 and a beta of 1.05. The stock's fifty day simple moving average is $54.46 and its 200 day simple moving average is $54.70. Hancock Whitney Corporation has a 52-week low of $43.90 and a 52-week high of $62.40.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last issued its earnings results on Tuesday, April 15th. The company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.28 by $0.10. The business had revenue of $367.50 million during the quarter, compared to analysts' expectations of $368.12 million. Hancock Whitney had a return on equity of 11.43% and a net margin of 23.15%. As a group, sell-side analysts forecast that Hancock Whitney Corporation will post 5.53 earnings per share for the current fiscal year.

Hancock Whitney Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Thursday, June 5th were given a $0.45 dividend. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $1.80 annualized dividend and a dividend yield of 3.12%. Hancock Whitney's dividend payout ratio (DPR) is presently 33.21%.

Insider Transactions at Hancock Whitney

In other news, Director Christine L. Pickering sold 838 shares of the firm's stock in a transaction on Monday, April 21st. The stock was sold at an average price of $48.09, for a total value of $40,299.42. Following the completion of the sale, the director now owns 23,019 shares of the company's stock, valued at $1,106,983.71. This trade represents a 3.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.91% of the stock is currently owned by insiders.

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.

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