Hancock Whitney Corporation (NASDAQ:HWC) Position Cut by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lessened its holdings in shares of Hancock Whitney Corporation (NASDAQ:HWC - Free Report) by 2.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 710,327 shares of the company's stock after selling 17,646 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.82% of Hancock Whitney worth $37,257,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of HWC. Proficio Capital Partners LLC acquired a new stake in shares of Hancock Whitney in the 4th quarter worth approximately $1,096,000. Raymond James Financial Inc. purchased a new position in shares of Hancock Whitney in the fourth quarter valued at $9,517,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Hancock Whitney by 22.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,317 shares of the company's stock worth $1,276,000 after buying an additional 4,299 shares during the last quarter. Swiss National Bank raised its stake in shares of Hancock Whitney by 0.4% during the 4th quarter. Swiss National Bank now owns 169,800 shares of the company's stock worth $9,291,000 after buying an additional 700 shares during the last quarter. Finally, Cibc World Markets Corp purchased a new stake in shares of Hancock Whitney in the 4th quarter worth about $444,000. Hedge funds and other institutional investors own 81.22% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods lowered Hancock Whitney from an "outperform" rating to a "market perform" rating and upped their target price for the company from $62.00 to $63.00 in a research note on Friday, July 11th. Raymond James Financial restated a "strong-buy" rating on shares of Hancock Whitney in a report on Wednesday. Stephens lowered their price target 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. Piper Sandler upped their price objective on shares of Hancock Whitney from $70.00 to $72.00 and gave the company an "overweight" rating in a research note on Wednesday. Finally, Hovde Group lifted their target price on shares of Hancock Whitney from $65.00 to $72.00 and gave the stock an "outperform" rating in a research note on Wednesday. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $66.71.

Insiders Place Their Bets

In related news, Director Christine L. Pickering sold 838 shares of the stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $48.09, for a total transaction of $40,299.42. Following the sale, the director owned 23,019 shares in the company, valued at $1,106,983.71. This represents a 3.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.91% of the stock is currently owned by insiders.

Hancock Whitney Stock Up 1.3%

NASDAQ:HWC traded up $0.79 on Thursday, reaching $60.21. The stock had a trading volume of 731,093 shares, compared to its average volume of 633,506. The company has a 50-day moving average of $56.51 and a 200 day moving average of $55.10. 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 stock has a market cap of $5.16 billion, a P/E ratio of 11.08 and a beta of 1.05. Hancock Whitney Corporation has a 12-month low of $43.90 and a 12-month high of $62.40.

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 for the quarter, topping analysts' consensus estimates of $1.36 by $0.01. Hancock Whitney had a net margin of 23.28% and a return on equity of 11.33%. The business had revenue of $377.98 million during the quarter, compared to the consensus estimate of $375.99 million. During the same quarter last year, the company earned $1.31 earnings per share. On average, research analysts predict that Hancock Whitney Corporation will post 5.53 earnings per share for the current year.

Hancock Whitney Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Thursday, June 5th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date was Thursday, June 5th. Hancock Whitney's dividend payout ratio is presently 33.15%.

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.