Hancock Whitney Co. (NASDAQ:HWC) Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC grew its position in Hancock Whitney Co. (NASDAQ:HWC - Free Report) by 94.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,532 shares of the company's stock after acquiring an additional 4,636 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Hancock Whitney were worth $522,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in HWC. GeoWealth Management LLC bought a new position in shares of Hancock Whitney during the 4th quarter valued at approximately $65,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Hancock Whitney in the 4th quarter valued at $92,000. Parkside Financial Bank & Trust grew its position in Hancock Whitney by 9.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,911 shares of the company's stock valued at $105,000 after acquiring an additional 169 shares during the last quarter. New Age Alpha Advisors LLC bought a new position in Hancock Whitney in the 4th quarter valued at $138,000. Finally, US Bancorp DE grew its position in Hancock Whitney by 11.4% in the 4th quarter. US Bancorp DE now owns 2,581 shares of the company's stock valued at $141,000 after acquiring an additional 265 shares during the last quarter. Institutional investors own 81.22% of the company's stock.

Hancock Whitney Trading Down 2.6%

Shares of NASDAQ HWC traded down $1.42 during trading on Friday, reaching $53.78. The stock had a trading volume of 932,706 shares, compared to its average volume of 604,207. Hancock Whitney Co. has a fifty-two week low of $43.60 and a fifty-two week high of $62.40. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.79 and a current ratio of 0.79. The business's 50-day moving average price is $53.08 and its 200-day moving average price is $54.97. The company has a market cap of $4.61 billion, a P/E ratio of 10.19 and a beta of 1.05.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last released its 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 firm had revenue of $367.50 million during 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%. On average, equities research analysts predict that Hancock Whitney Co. will post 5.53 EPS for the current fiscal year.

Hancock Whitney Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Thursday, June 5th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 3.35%. The ex-dividend date of this dividend is Thursday, June 5th. Hancock Whitney's payout ratio is currently 33.21%.

Analyst Ratings Changes

HWC has been the topic of a number of recent research reports. DA Davidson dropped their price target on Hancock Whitney from $69.00 to $62.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Keefe, Bruyette & Woods dropped their price target on Hancock Whitney from $68.00 to $62.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 16th. Wall Street Zen raised Hancock Whitney from a "sell" rating to a "hold" rating in a research report on Monday, March 3rd. Raymond James restated a "strong-buy" rating and set a $62.00 price objective (down from $72.00) on shares of Hancock Whitney in a research note on Wednesday, April 16th. Finally, Piper Sandler restated an "overweight" rating and set a $70.00 price objective (up from $68.00) on shares of Hancock Whitney in a research note on Wednesday, April 16th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Hancock Whitney has an average rating of "Moderate Buy" and an average price target of $61.25.

Insider Activity

In other Hancock Whitney news, Director Christine L. Pickering sold 838 shares of the company's stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $48.09, for a total transaction of $40,299.42. Following the completion of the sale, the director now directly owns 23,019 shares of the company's stock, valued at $1,106,983.71. This represents a 3.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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.