Nisa Investment Advisors LLC Has $841,000 Stake in Hancock Whitney Co. (NASDAQ:HWC)

Nisa Investment Advisors LLC reduced its stake in shares of Hancock Whitney Co. (NASDAQ:HWC) by 21.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 17,310 shares of the company’s stock after selling 4,795 shares during the period. Nisa Investment Advisors LLC’s holdings in Hancock Whitney were worth $841,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Hancock Whitney by 2.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,074 shares of the company’s stock worth $1,899,000 after acquiring an additional 882 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of Hancock Whitney in the fourth quarter valued at $295,000. Trust Point Inc. acquired a new position in Hancock Whitney during the fourth quarter worth $216,000. LVZ Inc. raised its position in Hancock Whitney by 10.0% during the fourth quarter. LVZ Inc. now owns 10,185 shares of the company’s stock worth $495,000 after acquiring an additional 930 shares in the last quarter. Finally, AlphaMark Advisors LLC lifted its stake in Hancock Whitney by 13.1% in the fourth quarter. AlphaMark Advisors LLC now owns 6,836 shares of the company’s stock valued at $332,000 after acquiring an additional 792 shares during the last quarter. Institutional investors own 81.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HWC. Truist Financial upped their target price on shares of Hancock Whitney from $48.00 to $50.00 and gave the company a “hold” rating in a report on Monday, April 1st. DA Davidson reaffirmed a “buy” rating and issued a $55.00 price objective on shares of Hancock Whitney in a research report on Tuesday, February 13th. StockNews.com lowered Hancock Whitney from a “hold” rating to a “sell” rating in a report on Sunday, March 31st. Raymond James raised their price target on Hancock Whitney from $45.00 to $55.00 and gave the company an “outperform” rating in a report on Friday, January 5th. Finally, Jefferies Financial Group decreased their price objective on shares of Hancock Whitney from $51.00 to $45.00 and set a “hold” rating on the stock in a report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $49.75.

Insider Activity

In other Hancock Whitney news, insider Christopher S. Ziluca sold 3,636 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $43.50, for a total transaction of $158,166.00. Following the completion of the sale, the insider now directly owns 35,285 shares in the company, valued at $1,534,897.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Hancock Whitney news, insider Christopher S. Ziluca sold 3,636 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $43.50, for a total transaction of $158,166.00. Following the completion of the transaction, the insider now owns 35,285 shares of the company’s stock, valued at $1,534,897.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Joseph S. Exnicios sold 4,042 shares of the stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $45.28, for a total transaction of $183,021.76. Following the completion of the transaction, the insider now directly owns 40,016 shares of the company’s stock, valued at approximately $1,811,924.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,225 shares of company stock worth $1,634,014. 1.10% of the stock is currently owned by corporate insiders.

Hancock Whitney Stock Performance

Shares of NASDAQ HWC opened at $42.60 on Tuesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.81 and a quick ratio of 0.81. The stock’s fifty day moving average price is $43.55 and its two-hundred day moving average price is $42.39. Hancock Whitney Co. has a one year low of $31.02 and a one year high of $49.65. The firm has a market cap of $3.69 billion, a price-to-earnings ratio of 9.47 and a beta of 1.33.

Hancock Whitney (NASDAQ:HWC) last issued its quarterly earnings results on Tuesday, January 16th. The company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.07. Hancock Whitney had a return on equity of 12.54% and a net margin of 20.57%. The business had revenue of $308.41 million for the quarter, compared to the consensus estimate of $355.51 million. During the same quarter in the prior year, the business posted $1.65 earnings per share. On average, equities analysts forecast that Hancock Whitney Co. will post 4.8 EPS for the current year.

Hancock Whitney Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, March 5th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, March 4th. This represents a $1.20 dividend on an annualized basis and a yield of 2.82%. Hancock Whitney’s payout ratio is 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.