Tower Research Capital LLC TRC Buys 6,494 Shares of Hancock Whitney Co. (NASDAQ:HWC)

Tower Research Capital LLC TRC grew its position in Hancock Whitney Co. (NASDAQ:HWC - Free Report) by 169.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,329 shares of the company's stock after buying an additional 6,494 shares during the quarter. Tower Research Capital LLC TRC's holdings in Hancock Whitney were worth $565,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in HWC. Norges Bank acquired a new stake in shares of Hancock Whitney in the 4th quarter valued at approximately $54,605,000. Foundry Partners LLC acquired a new stake in Hancock Whitney in the fourth quarter valued at approximately $12,937,000. Barclays PLC grew its stake in shares of Hancock Whitney by 69.5% during the fourth quarter. Barclays PLC now owns 544,471 shares of the company's stock worth $29,795,000 after buying an additional 223,275 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Hancock Whitney by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 10,097,563 shares of the company's stock worth $552,539,000 after buying an additional 181,706 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Hancock Whitney in the 4th quarter valued at $9,517,000. Institutional investors own 81.22% of the company's stock.

Hancock Whitney Trading Up 2.6 %

NASDAQ HWC traded up $1.37 during mid-day trading on Friday, reaching $54.08. 424,967 shares of the stock were exchanged, compared to its average volume of 585,068. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.79 and a quick ratio of 0.79. The stock has a market cap of $4.66 billion, a P/E ratio of 10.24 and a beta of 0.99. The stock has a 50 day simple moving average of $51.22 and a 200-day simple moving average of $55.13. Hancock Whitney Co. has a one year low of $43.60 and a one year high of $62.40.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last announced its quarterly earnings data on Tuesday, April 15th. The company reported $1.38 earnings per share (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 company had revenue of $367.50 million for the quarter, compared to the consensus estimate of $368.12 million. On average, analysts anticipate that Hancock Whitney Co. will post 5.53 EPS for the current year.

Hancock Whitney Announces Dividend

The business 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. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $1.80 annualized dividend and a dividend yield of 3.33%. Hancock Whitney's dividend payout ratio is currently 33.21%.

Insider Activity

In related 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 value of $40,299.42. Following the completion of the sale, the director now directly owns 23,019 shares of the company's stock, valued at $1,106,983.71. The trade was a 3.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.91% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on HWC shares. Raymond James reaffirmed a "strong-buy" rating and issued a $62.00 target price (down previously from $72.00) on shares of Hancock Whitney in a report on Wednesday, April 16th. StockNews.com upgraded shares of Hancock Whitney from a "sell" rating to a "hold" rating in a report on Monday, March 3rd. Piper Sandler reissued an "overweight" rating and set a $70.00 target price (up from $68.00) on shares of Hancock Whitney in a report on Wednesday, April 16th. Stephens dropped their price target on shares of Hancock Whitney from $73.00 to $69.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Finally, 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. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Hancock Whitney currently has a consensus 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.