Allspring Global Investments Holdings LLC Lowers Stock Holdings in Hancock Whitney Co. (NASDAQ:HWC)

Allspring Global Investments Holdings LLC lowered its position in Hancock Whitney Co. (NASDAQ:HWC - Free Report) by 5.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,989,212 shares of the company's stock after selling 112,840 shares during the quarter. Allspring Global Investments Holdings LLC owned about 2.31% of Hancock Whitney worth $96,656,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Covestor Ltd increased its stake in Hancock Whitney by 81.0% in the first quarter. Covestor Ltd now owns 760 shares of the company's stock valued at $40,000 after acquiring an additional 340 shares during the last quarter. Lazard Asset Management LLC increased its stake in Hancock Whitney by 151.1% in the first quarter. Lazard Asset Management LLC now owns 904 shares of the company's stock valued at $47,000 after acquiring an additional 544 shares during the last quarter. Coppell Advisory Solutions Corp. bought a new position in Hancock Whitney in the fourth quarter valued at $45,000. Sunbelt Securities Inc. increased its stake in Hancock Whitney by 136.8% in the second quarter. Sunbelt Securities Inc. now owns 1,011 shares of the company's stock valued at $39,000 after acquiring an additional 584 shares during the last quarter. Finally, Ronald Blue Trust Inc. increased its stake in Hancock Whitney by 420.4% in the third quarter. Ronald Blue Trust Inc. now owns 1,941 shares of the company's stock valued at $74,000 after acquiring an additional 1,568 shares during the last quarter. Institutional investors own 81.22% of the company's stock.

Insider Buying and Selling

In related news, insider Christopher S. Ziluca sold 3,636 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $43.50, for a total value of $158,166.00. Following the completion of the transaction, the insider now directly owns 35,285 shares of the company's stock, valued at $1,534,897.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Christopher S. Ziluca sold 3,636 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $43.50, for a total value of $158,166.00. Following the completion of the transaction, the insider now directly owns 35,285 shares of the company's stock, valued at $1,534,897.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO D Shane Loper sold 17,690 shares of the stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $46.81, for a total transaction of $828,068.90. Following the completion of the transaction, the chief operating officer now directly owns 71,148 shares of the company's stock, valued at $3,330,437.88. The disclosure for this sale can be found here. Insiders sold a total of 35,225 shares of company stock valued at $1,634,014 over the last three months. Corporate insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on HWC shares. StockNews.com cut Hancock Whitney from a "hold" rating to a "sell" rating in a research note on Sunday, March 31st. DA Davidson restated a "buy" rating and set a $55.00 price target on shares of Hancock Whitney in a research report on Tuesday, February 13th. Stephens cut their price target on shares of Hancock Whitney from $55.00 to $50.00 and set an "equal weight" rating for the company in a research report on Wednesday, January 17th. Jefferies Financial Group cut their price target on shares of Hancock Whitney from $51.00 to $45.00 and set a "hold" rating for the company in a research report on Monday. Finally, Piper Sandler upped their price target on shares of Hancock Whitney from $51.00 to $55.00 and gave the company an "overweight" rating in a research report on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Hancock Whitney has an average rating of "Hold" and a consensus target price of $49.75.

Hancock Whitney Trading Up 1.3 %

Shares of Hancock Whitney stock traded up $0.57 during trading on Tuesday, reaching $45.07. 363,404 shares of the stock were exchanged, compared to its average volume of 496,716. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.06. The stock's fifty day moving average is $43.59 and its 200 day moving average is $42.21. The firm has a market cap of $3.90 billion, a price-to-earnings ratio of 10.02 and a beta of 1.33. Hancock Whitney Co. has a 1 year low of $31.02 and a 1 year high of $49.65.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last posted its earnings results on Tuesday, January 16th. The company reported $1.26 earnings per share for the quarter, topping analysts' consensus estimates of $1.19 by $0.07. The company had revenue of $308.41 million during the quarter, compared to analyst estimates of $355.51 million. Hancock Whitney had a net margin of 20.57% and a return on equity of 12.54%. During the same period in the prior year, the business posted $1.65 earnings per share. As a group, equities research analysts expect that Hancock Whitney Co. will post 4.8 earnings per share for the current fiscal year.

Hancock Whitney Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, March 5th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date of this dividend was Monday, March 4th. Hancock Whitney's payout ratio is currently 26.67%.

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.