Hancock Whitney Co. (NASDAQ:HWC) Stock Holdings Raised by Deutsche Bank AG

Deutsche Bank AG increased its stake in shares of Hancock Whitney Co. (NASDAQ:HWC - Free Report) by 55.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 243,656 shares of the company's stock after buying an additional 87,093 shares during the period. Deutsche Bank AG owned about 0.28% of Hancock Whitney worth $13,333,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of Hancock Whitney in the fourth quarter valued at approximately $54,605,000. Foundry Partners LLC purchased a new stake in Hancock Whitney in the 4th quarter valued at approximately $12,937,000. Barclays PLC grew its holdings in Hancock Whitney by 69.5% during the 4th quarter. Barclays PLC now owns 544,471 shares of the company's stock valued at $29,795,000 after buying an additional 223,275 shares during the last quarter. AQR Capital Management LLC increased its position in Hancock Whitney by 17.1% during the fourth quarter. AQR Capital Management LLC now owns 1,321,280 shares of the company's stock worth $72,300,000 after buying an additional 193,028 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Hancock Whitney by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 10,097,563 shares of the company's stock worth $552,539,000 after acquiring an additional 181,706 shares during the last quarter. 81.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on HWC. Raymond James reiterated a "strong-buy" rating and set a $62.00 price objective (down previously from $72.00) on shares of Hancock Whitney in a research report on Wednesday, April 16th. Piper Sandler reiterated an "overweight" rating and set a $70.00 price target (up from $68.00) on shares of Hancock Whitney in a report on Wednesday, April 16th. Keefe, Bruyette & Woods reduced their price objective 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. StockNews.com upgraded shares of Hancock Whitney from a "sell" rating to a "hold" rating in a research report on Monday, March 3rd. Finally, DA Davidson lowered their target price on shares of Hancock Whitney from $69.00 to $62.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. 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 stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $61.25.

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 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 transaction, the director now owns 23,019 shares in the company, valued at $1,106,983.71. The trade was a 3.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.91% of the stock is currently owned by insiders.

Hancock Whitney Trading Up 0.2%

Shares of HWC traded up $0.12 during mid-day trading on Monday, reaching $56.89. The company had a trading volume of 441,908 shares, compared to its average volume of 594,059. Hancock Whitney Co. has a fifty-two week low of $43.60 and a fifty-two week high of $62.40. The firm has a fifty day simple moving average of $51.56 and a 200-day simple moving average of $55.39. The stock has a market cap of $4.87 billion, a price-to-earnings ratio of 10.77 and a beta of 1.05. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.05.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last issued its earnings results on Tuesday, April 15th. The company reported $1.38 earnings per share for the quarter, beating 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%. On average, sell-side analysts anticipate that Hancock Whitney Co. will post 5.53 EPS for the current fiscal year.

Hancock Whitney Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Thursday, June 5th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date is Thursday, June 5th. Hancock Whitney's dividend payout ratio (DPR) is presently 33.21%.

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.