Hancock Whitney Co. (NASDAQ:HWC) Stock Position Lifted 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 raised its stake in Hancock Whitney Co. (NASDAQ:HWC - Free Report) by 11.9% in the 4th quarter, according to its most recent filing with the SEC. The fund 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 0.32% of Hancock Whitney worth $15,098,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

HWC has been the topic of several analyst reports. Keefe, Bruyette & Woods dropped their price target on shares of Hancock Whitney from $68.00 to $62.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 16th. Piper Sandler reissued an "overweight" rating and set a $70.00 target price (up previously from $68.00) on shares of Hancock Whitney in a research note on Wednesday, April 16th. Wall Street Zen upgraded shares of Hancock Whitney from a "sell" rating to a "hold" rating in a research note on Monday, March 3rd. DA Davidson decreased their price target on Hancock Whitney from $69.00 to $62.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Finally, Stephens dropped their price objective on Hancock Whitney from $73.00 to $69.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Hancock Whitney presently has a consensus rating of "Moderate Buy" and a consensus target price of $61.25.

Hancock Whitney Price Performance

Shares of HWC traded up $0.84 during trading hours on Tuesday, hitting $55.12. 366,850 shares of the company were exchanged, compared to its average volume of 596,789. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.79 and a quick ratio of 0.79. The company has a market capitalization of $4.72 billion, a PE ratio of 10.44 and a beta of 1.05. The firm has a fifty day simple moving average of $52.25 and a 200-day simple moving average of $55.21. Hancock Whitney Co. has a one year low of $43.60 and a one year high of $62.40.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last issued its quarterly earnings results on Tuesday, April 15th. The company reported $1.38 earnings per share for the quarter, topping analysts' consensus estimates of $1.28 by $0.10. The firm had revenue of $367.50 million for the quarter, compared to analysts' expectations of $368.12 million. Hancock Whitney had a return on equity of 11.56% and a net margin of 22.40%. As a group, sell-side analysts predict that Hancock Whitney Co. will post 5.53 earnings per share for the current year.

Hancock Whitney Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Thursday, June 5th will be issued a dividend of $0.45 per share. The ex-dividend date is Thursday, June 5th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.27%. Hancock Whitney's dividend payout ratio is currently 33.21%.

Insider Activity at Hancock Whitney

In other Hancock Whitney news, Director Christine L. Pickering sold 838 shares of the business'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 sale, the director now directly owns 23,019 shares of the company's stock, valued at $1,106,983.71. The trade was a 3.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.91% of the stock is owned by insiders.

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.