Hancock Whitney Co. (NASDAQ:HWC) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP decreased its holdings in Hancock Whitney Co. (NASDAQ:HWC) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,153,441 shares of the company’s stock after selling 31,519 shares during the quarter. Wellington Management Group LLP owned approximately 2.53% of Hancock Whitney worth $104,636,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Turtle Creek Wealth Advisors LLC acquired a new stake in Hancock Whitney during the fourth quarter valued at approximately $29,000. OLD Point Trust & Financial Services N A acquired a new stake in Hancock Whitney during the fourth quarter valued at approximately $49,000. Quadrant Capital Group LLC raised its stake in Hancock Whitney by 35.2% during the fourth quarter. Quadrant Capital Group LLC now owns 1,260 shares of the company’s stock valued at $61,000 after buying an additional 328 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Hancock Whitney by 155.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,714 shares of the company’s stock valued at $83,000 after buying an additional 1,044 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in Hancock Whitney by 32.4% during the fourth quarter. Blue Trust Inc. now owns 2,569 shares of the company’s stock valued at $125,000 after buying an additional 628 shares in the last quarter. Institutional investors and hedge funds own 81.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Citigroup increased their price target on Hancock Whitney from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. StockNews.com raised Hancock Whitney from a “sell” rating to a “hold” rating in a report on Friday, May 10th. DA Davidson increased their price objective on Hancock Whitney from $55.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. Stephens reissued an “equal weight” rating and issued a $50.00 price objective on shares of Hancock Whitney in a report on Wednesday, April 17th. Finally, Piper Sandler reissued an “overweight” rating and issued a $52.00 price objective (down from $55.00) on shares of Hancock Whitney in a report on Wednesday, April 17th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $51.88.

Insider Transactions at Hancock Whitney

In other news, Director Christine L. Pickering sold 1,300 shares of the firm’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $45.62, for a total transaction of $59,306.00. Following the completion of the sale, the director now directly owns 23,982 shares of the company’s stock, valued at approximately $1,094,058.84. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Cecil W. Knight, Jr. sold 844 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $46.82, for a total value of $39,516.08. Following the completion of the sale, the insider now owns 58,843 shares in the company, valued at $2,755,029.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christine L. Pickering sold 1,300 shares of the stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $45.62, for a total value of $59,306.00. Following the completion of the sale, the director now owns 23,982 shares of the company’s stock, valued at approximately $1,094,058.84. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

Hancock Whitney Stock Performance

Shares of NASDAQ HWC opened at $44.76 on Friday. The stock has a fifty day moving average price of $45.91 and a two-hundred day moving average price of $45.29. 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 firm has a market cap of $3.88 billion, a P/E ratio of 10.43 and a beta of 1.28. Hancock Whitney Co. has a 1 year low of $32.16 and a 1 year high of $49.65.

Hancock Whitney (NASDAQ:HWC) last issued its quarterly earnings results on Tuesday, April 16th. The company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.10. The firm had revenue of $354.02 million during the quarter, compared to analyst estimates of $353.15 million. Hancock Whitney had a return on equity of 11.89% and a net margin of 19.07%. Research analysts forecast that Hancock Whitney Co. will post 4.88 EPS for the current fiscal year.

Hancock Whitney Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Wednesday, June 5th were paid a dividend of $0.40 per share. The ex-dividend date was 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 dividend yield of 3.57%. Hancock Whitney’s dividend payout ratio (DPR) is currently 37.30%.

Hancock Whitney 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.