Mesirow Institutional Investment Management Inc. Has $17.63 Million Stake in Hancock Whitney Co. (NASDAQ:HWC)

Mesirow Institutional Investment Management Inc. raised its stake in Hancock Whitney Co. (NASDAQ:HWC - Free Report) by 8.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 322,168 shares of the company's stock after purchasing an additional 24,389 shares during the period. Hancock Whitney comprises 1.4% of Mesirow Institutional Investment Management Inc.'s investment portfolio, making the stock its 14th biggest position. Mesirow Institutional Investment Management Inc. owned approximately 0.37% of Hancock Whitney worth $17,629,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the company. Grove Bank & Trust purchased a new stake in shares of Hancock Whitney in the fourth quarter valued at about $31,000. R Squared Ltd acquired a new stake in Hancock Whitney during the 4th quarter worth approximately $49,000. GeoWealth Management LLC acquired a new position in shares of Hancock Whitney in the fourth quarter valued at approximately $65,000. Parkside Financial Bank & Trust raised its stake in shares of Hancock Whitney by 9.7% during 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 during the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in Hancock Whitney in the 4th quarter valued at $138,000. Institutional investors and hedge funds own 81.22% of the company's stock.

Hancock Whitney Stock Down 0.8 %

NASDAQ:HWC traded down $0.42 on Friday, hitting $51.88. 266,417 shares of the company's stock traded hands, compared to its average volume of 581,192. Hancock Whitney Co. has a 1 year low of $43.60 and a 1 year high of $62.40. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.05. The company has a market cap of $4.47 billion, a PE ratio of 9.82 and a beta of 0.99. The firm has a 50-day moving average price of $51.82 and a 200-day moving average price of $55.08.

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

Hancock Whitney Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Thursday, June 5th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 3.47%. Hancock Whitney's dividend payout ratio is currently 33.21%.

Insider Buying and Selling

In other Hancock Whitney news, Director Christine L. Pickering sold 838 shares of the firm'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 value of $40,299.42. Following the completion of the sale, the director now 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 Securities & Exchange Commission, which can be accessed through the SEC website. 0.91% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on HWC. Keefe, Bruyette & Woods cut their price target on shares of Hancock Whitney from $68.00 to $62.00 and set an "outperform" rating for the company in a report on Wednesday, April 16th. Piper Sandler reissued an "overweight" rating and set a $70.00 price objective (up previously from $68.00) on shares of Hancock Whitney in a report on Wednesday, April 16th. Stephens lowered their target price on shares of Hancock Whitney from $73.00 to $69.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. DA Davidson reduced their price target on shares of Hancock Whitney from $69.00 to $62.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Finally, Raymond James reaffirmed a "strong-buy" rating and issued a $62.00 price objective (down from $72.00) on shares of Hancock Whitney in a research note on Wednesday, April 16th. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $60.56.

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.