Segall Bryant & Hamill LLC Cuts Position in Hancock Whitney Corporation (NASDAQ:HWC)

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

A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Hancock Whitney by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 10,097,563 shares of the company's stock worth $552,539,000 after purchasing an additional 181,706 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of Hancock Whitney by 6.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,027,364 shares of the company's stock worth $105,139,000 after purchasing an additional 128,860 shares during the period. AQR Capital Management LLC raised its holdings in shares of Hancock Whitney by 17.1% in the 4th quarter. AQR Capital Management LLC now owns 1,321,280 shares of the company's stock worth $72,300,000 after purchasing an additional 193,028 shares during the period. Northern Trust Corp raised its holdings in shares of Hancock Whitney by 5.5% in the 4th quarter. Northern Trust Corp now owns 1,265,146 shares of the company's stock worth $69,229,000 after purchasing an additional 66,074 shares during the period. Finally, Norges Bank purchased a new position in Hancock Whitney in the 4th quarter valued at approximately $54,605,000. Institutional investors own 81.22% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on HWC shares. Hovde Group lifted their price objective on shares of Hancock Whitney from $65.00 to $72.00 and gave the company an "outperform" rating in a research note on Wednesday. Raymond James Financial reiterated a "strong-buy" rating on shares of Hancock Whitney in a research note on Wednesday. Keefe, Bruyette & Woods lowered shares of Hancock Whitney from an "outperform" rating to a "market perform" rating and lifted their price objective for the company from $62.00 to $63.00 in a research note on Friday, July 11th. Stephens reduced their price objective on shares of Hancock Whitney from $73.00 to $69.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Finally, DA Davidson boosted their price target on shares of Hancock Whitney from $65.00 to $67.00 and gave the company a "buy" rating in a research report on Wednesday. Three research 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. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $66.71.

Hancock Whitney Trading Down 0.0%

Hancock Whitney stock traded down $0.03 during mid-day trading on Friday, hitting $60.21. The company's stock had a trading volume of 1,437,146 shares, compared to its average volume of 632,611. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.79 and a quick ratio of 0.82. The stock has a market cap of $5.16 billion, a price-to-earnings ratio of 11.09 and a beta of 1.05. The business has a 50 day moving average price of $56.72 and a 200-day moving average price of $55.18. 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 issued its quarterly earnings data on Tuesday, July 15th. The company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.36 by $0.01. The firm had revenue of $377.98 million during the quarter, compared to the consensus estimate of $375.99 million. Hancock Whitney had a net margin of 23.28% and a return on equity of 11.21%. During the same period in the prior year, the firm posted $1.31 earnings per share. As a group, analysts forecast that Hancock Whitney Corporation will post 5.53 EPS for the current year.

Hancock Whitney Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Thursday, June 5th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.99%. The ex-dividend date of this dividend was Thursday, June 5th. Hancock Whitney's dividend payout ratio (DPR) is 33.15%.

Insider Activity at Hancock Whitney

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 value of $40,299.42. Following the completion of the transaction, the director directly owned 23,019 shares of the company's stock, valued at $1,106,983.71. This represents a 3.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.91% of the company's stock.

Hancock Whitney 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.