Hancock Whitney Corporation (NASDAQ:HWC) Shares Sold by KBC Group NV

KBC Group NV reduced its stake in Hancock Whitney Corporation (NASDAQ:HWC - Free Report) by 92.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,873 shares of the company's stock after selling 47,547 shares during the period. KBC Group NV's holdings in Hancock Whitney were worth $203,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. US Bancorp DE boosted its position in Hancock Whitney by 11.4% in the 4th quarter. US Bancorp DE now owns 2,581 shares of the company's stock valued at $141,000 after buying an additional 265 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Hancock Whitney by 6.4% in 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 buying an additional 73,875 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in Hancock Whitney in the 4th quarter valued at about $1,096,000. Raymond James Financial Inc. purchased a new position in Hancock Whitney in the 4th quarter valued at about $9,517,000. Finally, Callan Family Office LLC purchased a new position in Hancock Whitney in the 4th quarter valued at about $205,000. 81.22% of the stock is currently owned by institutional investors and hedge funds.

Hancock Whitney Price Performance

NASDAQ HWC opened at $61.10 on Monday. Hancock Whitney Corporation has a 12 month low of $43.90 and a 12 month high of $62.40. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market capitalization of $5.23 billion, a PE ratio of 11.27 and a beta of 1.05. The company's 50 day simple moving average is $55.39 and its 200 day simple moving average is $54.81.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last posted its quarterly earnings results on Tuesday, April 15th. The company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.10. The firm had revenue of $367.50 million for the quarter, compared to analyst estimates 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 forecast that Hancock Whitney Corporation will post 5.53 EPS 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 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 yield of 2.95%. Hancock Whitney's dividend payout ratio (DPR) is 33.21%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on HWC shares. Keefe, Bruyette & Woods decreased their price target on Hancock Whitney from $68.00 to $62.00 and set an "outperform" rating for the company in a research note on Wednesday, April 16th. Stephens cut their target price on shares of Hancock Whitney from $73.00 to $69.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. DA Davidson cut their target price on shares of Hancock Whitney from $69.00 to $62.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Raymond James Financial reissued a "strong-buy" rating and issued a $62.00 target price (down previously from $72.00) on shares of Hancock Whitney in a report on Wednesday, April 16th. Finally, 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. Two 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 company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $63.29.

Insider Transactions at Hancock Whitney

In other Hancock Whitney news, Director Christine L. Pickering sold 838 shares of Hancock Whitney stock in a transaction that occurred 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 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 filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.91% of the company's stock.

About Hancock Whitney

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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