Hancock Whitney Co. (NASDAQ:HWC) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN lowered its position in shares of Hancock Whitney Co. (NASDAQ:HWC - Free Report) by 28.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 73,119 shares of the company's stock after selling 28,978 shares during the quarter. Wells Fargo & Company MN owned approximately 0.08% of Hancock Whitney worth $4,001,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in HWC. Norges Bank purchased a new position in Hancock Whitney in the 4th quarter worth approximately $54,605,000. Foundry Partners LLC purchased a new position in Hancock Whitney during the fourth quarter worth approximately $12,937,000. Barclays PLC boosted its stake in Hancock Whitney by 149.2% during the third quarter. Barclays PLC now owns 321,196 shares of the company's stock worth $16,435,000 after buying an additional 192,295 shares during the last quarter. Vanguard Group Inc. grew its holdings in Hancock Whitney by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 10,097,563 shares of the company's stock valued at $552,539,000 after buying an additional 181,706 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Hancock Whitney in the 4th quarter worth $9,517,000. Hedge funds and other institutional investors own 81.22% of the company's stock.

Wall Street Analysts Forecast Growth

HWC has been the subject of several recent analyst reports. StockNews.com upgraded shares of Hancock Whitney from a "sell" rating to a "hold" rating in a research report on Monday, March 3rd. Stephens cut their target price on Hancock Whitney from $73.00 to $69.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. DA Davidson decreased their price target on Hancock Whitney from $69.00 to $62.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Keefe, Bruyette & Woods lowered their price target on Hancock Whitney from $68.00 to $62.00 and set an "outperform" rating for the company in a report on Wednesday, April 16th. Finally, Piper Sandler restated an "overweight" rating and issued a $70.00 price objective (up from $68.00) on shares of Hancock Whitney in a report on Wednesday, April 16th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Hancock Whitney has a consensus rating of "Moderate Buy" and an average target price of $60.56.

Hancock Whitney Stock Down 0.6 %

Shares of NASDAQ HWC traded down $0.29 during midday trading on Friday, hitting $52.01. The company's stock had a trading volume of 553,497 shares, compared to its average volume of 582,389. Hancock Whitney Co. has a 1 year low of $43.60 and a 1 year high of $62.40. The business's fifty day simple moving average is $51.66 and its two-hundred day simple moving average is $55.09. The firm has a market capitalization of $4.48 billion, a price-to-earnings ratio of 9.85 and a beta of 0.99. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.79 and a quick ratio of 0.79.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last issued its quarterly earnings results on Tuesday, April 15th. The company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.28 by $0.10. Hancock Whitney had a net margin of 22.40% and a return on equity of 11.56%. The company had revenue of $367.50 million during the quarter, compared to analysts' expectations of $368.12 million. On average, equities analysts predict that Hancock Whitney Co. will post 5.53 EPS for the current year.

Hancock Whitney Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Thursday, June 5th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $1.80 annualized dividend and a yield of 3.46%. Hancock Whitney's dividend payout ratio (DPR) is 33.21%.

Insider Buying and Selling at Hancock Whitney

In other news, Director Christine L. Pickering sold 838 shares of the firm's stock in a transaction on Monday, April 21st. The shares were sold at an average price of $48.09, for a total value of $40,299.42. Following the sale, the director now directly 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.91% of the stock is owned by corporate insiders.

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.