Deutsche Bank AG Buys 87,093 Shares of Hancock Whitney Co. (NASDAQ:HWC)

Deutsche Bank AG raised its stake in shares of Hancock Whitney Co. (NASDAQ:HWC - Free Report) by 55.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 243,656 shares of the company's stock after acquiring an additional 87,093 shares during the quarter. Deutsche Bank AG owned approximately 0.28% of Hancock Whitney worth $13,333,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Parkside Financial Bank & Trust boosted its stake 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 purchasing an additional 169 shares in the last quarter. Sanctuary Advisors LLC raised its holdings in shares of Hancock Whitney by 1.1% in the fourth quarter. Sanctuary Advisors LLC now owns 20,358 shares of the company's stock valued at $1,221,000 after buying an additional 227 shares during the last quarter. Pacer Advisors Inc. lifted its position in Hancock Whitney by 1.9% during the 4th quarter. Pacer Advisors Inc. now owns 12,845 shares of the company's stock worth $703,000 after buying an additional 238 shares in the last quarter. US Bancorp DE grew its holdings in Hancock Whitney by 11.4% during the 4th quarter. US Bancorp DE now owns 2,581 shares of the company's stock worth $141,000 after acquiring an additional 265 shares during the last quarter. Finally, BTC Capital Management Inc. increased its position in Hancock Whitney by 4.6% in the 4th quarter. BTC Capital Management Inc. now owns 7,121 shares of the company's stock valued at $390,000 after acquiring an additional 311 shares in the last quarter. Institutional investors and hedge funds own 81.22% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on HWC shares. Stephens decreased their price target on shares of Hancock Whitney from $73.00 to $69.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Keefe, Bruyette & Woods decreased their price objective 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. StockNews.com upgraded Hancock Whitney from a "sell" rating to a "hold" rating in a research report on Monday, March 3rd. Raymond James reaffirmed a "strong-buy" rating and set a $62.00 price target (down previously from $72.00) on shares of Hancock Whitney in a research note on Wednesday, April 16th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $70.00 price objective (up from $68.00) on shares of Hancock Whitney in a research report on Wednesday, April 16th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $61.25.

Insider Transactions at Hancock Whitney

In other Hancock Whitney news, Director Christine L. Pickering sold 838 shares of the stock in a transaction dated 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 in the company, valued at approximately $1,106,983.71. This trade represents a 3.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.91% of the stock is owned by company insiders.

Hancock Whitney Stock Performance

Shares of NASDAQ HWC traded down $0.72 during trading hours on Wednesday, reaching $55.72. 31,864 shares of the stock were exchanged, compared to its average volume of 591,985. 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 firm has a market capitalization of $4.77 billion, a price-to-earnings ratio of 10.56 and a beta of 1.05. The stock's fifty day simple moving average is $51.83 and its 200 day simple moving average is $55.43. Hancock Whitney Co. has a 52 week low of $43.60 and a 52 week high of $62.40.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last posted its quarterly 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 return on equity of 11.56% and a net margin of 22.40%. The business had revenue of $367.50 million during the quarter, compared to the consensus estimate of $368.12 million. Sell-side analysts predict that Hancock Whitney Co. will post 5.53 EPS for the current year.

Hancock Whitney Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Thursday, June 5th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 3.23%. The ex-dividend date of this dividend is Thursday, June 5th. Hancock Whitney's dividend payout ratio is currently 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.