New York State Teachers Retirement System Has $7.38 Million Stake in Hancock Whitney Corporation (NASDAQ:HWC)

New York State Teachers Retirement System decreased its position in shares of Hancock Whitney Corporation (NASDAQ:HWC - Free Report) by 5.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 140,757 shares of the company's stock after selling 7,900 shares during the quarter. New York State Teachers Retirement System owned 0.16% of Hancock Whitney worth $7,383,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Versant Capital Management Inc lifted its position in Hancock Whitney by 554.6% during the first 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 period. UMB Bank n.a. lifted its holdings in shares of Hancock Whitney by 1,132.1% in 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 bought a new position in shares of Hancock Whitney in the fourth quarter worth about $65,000. GAMMA Investing LLC lifted its holdings in shares of Hancock Whitney by 115.3% in the first 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 last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Hancock Whitney in the fourth quarter worth about $92,000. Institutional investors own 81.22% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. 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. DA Davidson dropped their target price on shares of Hancock Whitney from $69.00 to $62.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Keefe, Bruyette & Woods dropped their target price on shares of Hancock Whitney from $68.00 to $62.00 and set an "outperform" rating for the company in a report on Wednesday, April 16th. Stephens dropped their target price on shares of Hancock Whitney from $73.00 to $69.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Finally, 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. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Hancock Whitney has a consensus rating of "Moderate Buy" and a consensus price target of $63.29.

Hancock Whitney Trading Up 1.0%

NASDAQ HWC traded up $0.59 during trading hours on Friday, reaching $61.10. The company's stock had a trading volume of 315,354 shares, compared to its average volume of 616,057. The firm has a fifty day simple moving average of $55.39 and a 200-day simple moving average of $54.80. The stock has a market cap of $5.23 billion, a P/E ratio of 11.27 and a beta of 1.05. Hancock Whitney Corporation has a 52 week low of $43.90 and a 52 week 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.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last issued its quarterly earnings data on Tuesday, April 15th. The company reported $1.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.28 by $0.10. The business had revenue of $367.50 million during 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%. Equities analysts forecast that Hancock Whitney Corporation will post 5.53 earnings per share for the current fiscal year.

Hancock Whitney Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Thursday, June 5th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date was Thursday, June 5th. Hancock Whitney's dividend payout ratio is presently 33.21%.

Insiders Place Their Bets

In other Hancock Whitney news, Director Christine L. Pickering sold 838 shares of the stock in a transaction that occurred 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 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 document filed with the SEC, which can be accessed 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.