Hancock Whitney Corporation (NASDAQ:HWC) Stock Holdings Decreased by Stieven Capital Advisors L.P.

Stieven Capital Advisors L.P. lowered its stake in Hancock Whitney Corporation (NASDAQ:HWC - Free Report) by 19.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 311,596 shares of the company's stock after selling 74,490 shares during the period. Hancock Whitney makes up approximately 3.2% of Stieven Capital Advisors L.P.'s portfolio, making the stock its 10th biggest holding. Stieven Capital Advisors L.P. owned about 0.36% of Hancock Whitney worth $16,343,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Versant Capital Management Inc boosted its stake in shares of Hancock Whitney by 554.6% during the 1st quarter. Versant Capital Management Inc now owns 707 shares of the company's stock worth $37,000 after purchasing an additional 599 shares during the last quarter. UMB Bank n.a. boosted its position in Hancock Whitney by 1,132.1% during the first quarter. UMB Bank n.a. now owns 998 shares of the company's stock worth $52,000 after acquiring an additional 917 shares during the last quarter. GeoWealth Management LLC acquired a new stake in Hancock Whitney during the fourth quarter worth approximately $65,000. GAMMA Investing LLC grew its stake in Hancock Whitney by 115.3% in the 1st quarter. GAMMA Investing LLC now owns 1,240 shares of the company's stock worth $65,000 after acquiring an additional 664 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Hancock Whitney in the 4th quarter valued at $92,000. Hedge funds and other institutional investors own 81.22% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on HWC. Stephens lowered their price objective on Hancock Whitney from $73.00 to $69.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Raymond James Financial restated 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. Keefe, Bruyette & Woods lowered shares of Hancock Whitney from an "outperform" rating to a "market perform" rating and increased their price objective for the stock from $62.00 to $63.00 in a report on Friday. Piper Sandler reissued an "overweight" rating and issued a $70.00 target price (up from $68.00) on shares of Hancock Whitney in a research report on Wednesday, April 16th. Finally, DA Davidson dropped their price target on shares of Hancock Whitney from $69.00 to $62.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $63.43.

Hancock Whitney Stock Down 3.7%

Shares of NASDAQ:HWC opened at $59.58 on Friday. The stock has a 50-day simple moving average of $56.18 and a 200-day simple moving average of $55.02. The stock has a market capitalization of $5.10 billion, a P/E ratio of 10.99 and a beta of 1.05. Hancock Whitney Corporation has a 1 year low of $43.90 and a 1 year high of $62.40. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.82 and a current ratio of 0.82.

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, topping the consensus estimate of $1.28 by $0.10. Hancock Whitney had a net margin of 23.15% and a return on equity of 11.43%. The company had revenue of $367.50 million during the quarter, compared to the consensus estimate of $368.12 million. Equities analysts forecast that Hancock Whitney Corporation will post 5.53 earnings per share for the current year.

Hancock Whitney Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Thursday, June 5th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, June 5th. This represents a $1.80 dividend on an annualized basis and a yield of 3.02%. Hancock Whitney's dividend payout ratio (DPR) is 33.21%.

Insider Transactions at Hancock Whitney

In other Hancock Whitney news, Director Christine L. Pickering sold 838 shares of the business's stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $48.09, for a total transaction of $40,299.42. Following the transaction, the director owned 23,019 shares in the company, valued at $1,106,983.71. The trade was a 3.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.91% of the company's stock.

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.

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