Hancock Whitney Co. (NASDAQ:HWC) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Hancock Whitney Co. (NASDAQ:HWC - Free Report) by 11.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 275,920 shares of the company's stock after purchasing an additional 29,437 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.32% of Hancock Whitney worth $15,098,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. R Squared Ltd purchased a new position in Hancock Whitney during the 4th quarter worth $49,000. GeoWealth Management LLC acquired a new position in Hancock Whitney during the fourth quarter worth $65,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Hancock Whitney during the fourth quarter worth $92,000. Parkside Financial Bank & Trust grew its holdings in Hancock Whitney by 9.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,911 shares of the company's stock valued at $105,000 after purchasing an additional 169 shares during the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in shares of Hancock Whitney during the 4th quarter worth $138,000. Hedge funds and other institutional investors own 81.22% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. 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 cut their price objective on Hancock Whitney from $68.00 to $62.00 and set an "outperform" rating for the company in a research report on Wednesday, April 16th. Stephens lowered their target price on Hancock Whitney from $73.00 to $69.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Raymond James restated a "strong-buy" rating and issued a $62.00 price objective (down from $72.00) on shares of Hancock Whitney in a research report on Wednesday, April 16th. Finally, Wall Street Zen raised shares of Hancock Whitney from a "sell" rating to a "hold" rating in a research note on Monday, March 3rd. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $61.25.

Insider Buying and Selling at Hancock Whitney

In other Hancock Whitney news, Director Christine L. Pickering sold 838 shares of the firm'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 transaction, the director now directly owns 23,019 shares of the company's stock, valued at $1,106,983.71. This trade represents a 3.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.91% of the stock is currently owned by corporate insiders.

Hancock Whitney Trading Up 0.9%

NASDAQ HWC traded up $0.50 during mid-day trading on Tuesday, hitting $54.78. The company's stock had a trading volume of 53,187 shares, compared to its average volume of 594,752. The firm has a market capitalization of $4.69 billion, a P/E ratio of 10.38 and a beta of 1.05. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.79 and a quick ratio of 0.79. Hancock Whitney Co. has a 52-week low of $43.60 and a 52-week high of $62.40. The stock's fifty day simple moving average is $52.22 and its two-hundred day simple moving average is $55.21.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last issued its earnings results on Tuesday, April 15th. The company reported $1.38 EPS for the quarter, beating analysts' consensus estimates of $1.28 by $0.10. Hancock Whitney had a net margin of 22.40% and a return on equity of 11.56%. The business had revenue of $367.50 million for the quarter, compared to the consensus estimate of $368.12 million. Research analysts expect that Hancock Whitney Co. will post 5.53 EPS for the current year.

Hancock Whitney Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Thursday, June 5th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend is Thursday, June 5th. Hancock Whitney's dividend payout ratio (DPR) is 33.21%.

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.