Charles Schwab Investment Management Inc. Acquires 48,174 Shares of Hancock Whitney Co. (NASDAQ:HWC)

Charles Schwab Investment Management Inc. increased its stake in Hancock Whitney Co. (NASDAQ:HWC - Free Report) by 4.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,087,610 shares of the company's stock after purchasing an additional 48,174 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.26% of Hancock Whitney worth $52,847,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Victory Capital Management Inc. increased its holdings in shares of Hancock Whitney by 2.0% in the fourth quarter. Victory Capital Management Inc. now owns 74,810 shares of the company's stock worth $3,635,000 after purchasing an additional 1,491 shares during the period. Jackson Creek Investment Advisors LLC bought a new position in shares of Hancock Whitney in the 4th quarter worth $1,045,000. Mitchell Mcleod Pugh & Williams Inc. purchased a new stake in shares of Hancock Whitney during the 4th quarter valued at $231,000. Retirement Systems of Alabama lifted its holdings in shares of Hancock Whitney by 0.3% during the 4th quarter. Retirement Systems of Alabama now owns 107,899 shares of the company's stock worth $5,243,000 after acquiring an additional 360 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its position in Hancock Whitney by 9.4% in the fourth quarter. Russell Investments Group Ltd. now owns 55,809 shares of the company's stock worth $2,712,000 after acquiring an additional 4,793 shares in the last quarter. 81.22% of the stock is currently owned by institutional investors.

Insider Transactions at Hancock Whitney

In other Hancock Whitney news, insider Cecil W. Knight, Jr. sold 844 shares of Hancock Whitney stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $46.82, for a total transaction of $39,516.08. Following the sale, the insider now directly owns 58,843 shares of the company's stock, valued at approximately $2,755,029.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 in the company, valued at approximately $1,534,897.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Cecil W. Knight, Jr. sold 844 shares of the business's stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $46.82, for a total transaction of $39,516.08. Following the sale, the insider now directly owns 58,843 shares in the company, valued at approximately $2,755,029.26. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,780 shares of company stock valued at $256,988. Company insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Citigroup raised their price target on Hancock Whitney from $50.00 to $55.00 and gave the company a "buy" rating in a research report on Monday, May 6th. DA Davidson lifted their target price on shares of Hancock Whitney from $55.00 to $57.00 and gave the stock a "buy" rating in a research report on Wednesday, April 17th. Truist Financial cut their price target on shares of Hancock Whitney from $50.00 to $46.00 and set a "hold" rating for the company in a research report on Wednesday, April 17th. StockNews.com upgraded Hancock Whitney from a "sell" rating to a "hold" rating in a report on Friday, May 10th. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $52.00 price target (down from $55.00) on shares of Hancock Whitney in a research note on Wednesday, April 17th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $51.43.

Hancock Whitney Trading Down 0.2 %

Shares of NASDAQ HWC traded down $0.08 during trading hours on Friday, hitting $47.86. The company's stock had a trading volume of 313,386 shares, compared to its average volume of 453,823. Hancock Whitney Co. has a 12 month low of $32.16 and a 12 month high of $49.65. The stock has a market cap of $4.15 billion, a price-to-earnings ratio of 11.16 and a beta of 1.31. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.81 and a current ratio of 0.81. The business has a 50-day simple moving average of $45.03 and a 200-day simple moving average of $44.30.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last posted its earnings results on Tuesday, April 16th. The company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.10. The firm had revenue of $354.02 million for the quarter, compared to analysts' expectations of $353.15 million. Hancock Whitney had a return on equity of 11.89% and a net margin of 19.07%. On average, analysts anticipate that Hancock Whitney Co. will post 4.91 earnings per share for the current fiscal year.

Hancock Whitney Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Wednesday, June 5th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, June 5th. This is a positive change from Hancock Whitney's previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a yield of 3.34%. Hancock Whitney's dividend payout ratio is 27.97%.

About Hancock Whitney

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.