Teacher Retirement System of Texas Has $1.51 Million Stock Position in Hancock Whitney Corporation (NASDAQ:HWC)

Teacher Retirement System of Texas decreased its stake in Hancock Whitney Corporation (NASDAQ:HWC - Free Report) by 28.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,845 shares of the company's stock after selling 11,740 shares during the quarter. Teacher Retirement System of Texas' holdings in Hancock Whitney were worth $1,513,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its position in Hancock Whitney by 6.8% during the first 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 in the last quarter. Hunter Perkins Capital Management LLC boosted its position in Hancock Whitney by 15.8% during the first quarter. Hunter Perkins Capital Management LLC now owns 22,785 shares of the company's stock worth $1,195,000 after purchasing an additional 3,115 shares in the last quarter. Salzhauer Michael boosted its position in Hancock Whitney by 1.7% during the first quarter. Salzhauer Michael now owns 24,196 shares of the company's stock worth $1,269,000 after purchasing an additional 400 shares in the last quarter. Blue Trust Inc. boosted its position in Hancock Whitney by 15.4% during the first quarter. Blue Trust Inc. now owns 2,560 shares of the company's stock worth $134,000 after purchasing an additional 341 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its position in Hancock Whitney by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 10,085 shares of the company's stock worth $528,000 after purchasing an additional 265 shares in the last quarter. Hedge funds and other institutional investors own 81.22% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Stephens lowered their price target on Hancock Whitney from $73.00 to $69.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Raymond James Financial restated a "strong-buy" rating and issued a $62.00 target price (down previously from $72.00) on shares of Hancock Whitney in a research report on Wednesday, April 16th. Piper Sandler restated an "overweight" rating and set a $70.00 price target (up from $68.00) 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 boosted their price target for the stock from $62.00 to $63.00 in a research report on Friday. Finally, DA Davidson lowered their price target on shares of Hancock Whitney from $69.00 to $62.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $63.43.

Hancock Whitney Trading Down 3.3%

Shares of Hancock Whitney stock traded down $2.01 on Tuesday, reaching $58.22. The company had a trading volume of 1,464,026 shares, compared to its average volume of 630,097. The firm has a market cap of $4.99 billion, a PE ratio of 10.74 and a beta of 1.05. The firm's 50 day moving average price is $56.30 and its two-hundred day moving average price is $55.05. 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 Corporation has a 52-week low of $43.90 and a 52-week high of $62.40.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last released its quarterly earnings results on Tuesday, April 15th. The company reported $1.38 EPS for the quarter, topping the consensus estimate 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%. Sell-side analysts predict that Hancock Whitney Corporation will post 5.53 earnings per share for the current fiscal year.

Hancock Whitney Dividend Announcement

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

Insider Buying and Selling

In other 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 value of $40,299.42. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.91% of the company's stock.

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.