Hancock Whitney Corporation (NASDAQ:HWC) Shares Sold by Stieven Capital Advisors L.P.

Stieven Capital Advisors L.P. reduced its stake in shares of Hancock Whitney Corporation (NASDAQ:HWC - Free Report) by 19.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 311,596 shares of the company's stock after selling 74,490 shares during the quarter. Hancock Whitney comprises approximately 3.2% of Stieven Capital Advisors L.P.'s portfolio, making the stock its 10th largest holding. Stieven Capital Advisors L.P. owned about 0.36% of Hancock Whitney worth $16,343,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Xponance Inc. boosted its holdings in shares of Hancock Whitney by 1.7% in the first quarter. Xponance Inc. now owns 12,473 shares of the company's stock valued at $654,000 after acquiring an additional 213 shares in the last quarter. State of Michigan Retirement System boosted its holdings in Hancock Whitney by 1.5% during the first quarter. State of Michigan Retirement System now owns 20,640 shares of the company's stock worth $1,083,000 after buying an additional 300 shares in the last quarter. Cerity Partners LLC boosted its holdings in Hancock Whitney by 7.0% during the first quarter. Cerity Partners LLC now owns 17,188 shares of the company's stock worth $902,000 after buying an additional 1,130 shares in the last quarter. DMC Group LLC boosted its holdings in Hancock Whitney by 4.0% during the first quarter. DMC Group LLC now owns 9,172 shares of the company's stock worth $481,000 after buying an additional 350 shares in the last quarter. Finally, Alps Advisors Inc. purchased a new stake in Hancock Whitney during the first quarter worth about $367,000. 81.22% of the stock is owned by hedge funds and other institutional investors.

Hancock Whitney Price Performance

Shares of NASDAQ HWC traded down $2.01 during midday trading on Tuesday, reaching $58.22. The company's stock had a trading volume of 1,474,301 shares, compared to its average volume of 630,157. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.05. The company has a 50 day moving average price of $56.30 and a 200 day moving average price of $55.05. Hancock Whitney Corporation has a one year low of $43.90 and a one year high of $62.40. The company has a market cap of $4.99 billion, a price-to-earnings ratio of 10.74 and a beta of 1.05.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last released its quarterly earnings results on Tuesday, July 15th. The company reported $1.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.34 by $0.03. Hancock Whitney had a net margin of 23.15% and a return on equity of 11.43%. On average, equities research analysts expect that Hancock Whitney Corporation will post 5.53 EPS for the current year.

Hancock Whitney Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Thursday, June 5th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 3.09%. The ex-dividend date of this dividend was Thursday, June 5th. Hancock Whitney's dividend payout ratio is 33.21%.

Insider Buying and Selling

In related 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 transaction of $40,299.42. Following the completion of the sale, the director directly owned 23,019 shares of the company's stock, valued at approximately $1,106,983.71. This represents a 3.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.91% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently commented on HWC. Stephens dropped their price target on shares of Hancock Whitney from $73.00 to $69.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. 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. Raymond James Financial reaffirmed a "strong-buy" rating and set a $62.00 price target (down previously from $72.00) on shares of Hancock Whitney in a research report on Wednesday, April 16th. Keefe, Bruyette & Woods lowered shares of Hancock Whitney from an "outperform" rating to a "market perform" rating and upped their price target for the stock from $62.00 to $63.00 in a research report on Friday. Finally, Piper Sandler reissued an "overweight" rating and issued a $70.00 price objective (up previously from $68.00) on shares of Hancock Whitney in a research report on Wednesday, April 16th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $63.43.

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.