Mirae Asset Global Investments Co. Ltd. Has $1.90 Million Holdings in Hancock Whitney Co. (NASDAQ:HWC)

Mirae Asset Global Investments Co. Ltd. grew its position in Hancock Whitney Co. (NASDAQ:HWC) by 2.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,074 shares of the company’s stock after purchasing an additional 882 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Hancock Whitney were worth $1,899,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of HWC. Sunbelt Securities Inc. increased its position in Hancock Whitney by 136.8% in the 2nd quarter. Sunbelt Securities Inc. now owns 1,011 shares of the company’s stock worth $39,000 after purchasing an additional 584 shares during the last quarter. Covestor Ltd increased its holdings in shares of Hancock Whitney by 81.0% during the 1st quarter. Covestor Ltd now owns 760 shares of the company’s stock valued at $40,000 after acquiring an additional 340 shares during the last quarter. Coppell Advisory Solutions Corp. acquired a new position in shares of Hancock Whitney during the 4th quarter valued at about $45,000. Lazard Asset Management LLC increased its holdings in shares of Hancock Whitney by 151.1% during the 1st quarter. Lazard Asset Management LLC now owns 904 shares of the company’s stock valued at $47,000 after acquiring an additional 544 shares during the last quarter. Finally, Ronald Blue Trust Inc. increased its holdings in shares of Hancock Whitney by 420.4% during the 3rd quarter. Ronald Blue Trust Inc. now owns 1,941 shares of the company’s stock valued at $74,000 after acquiring an additional 1,568 shares during the last quarter. 81.22% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Citigroup raised Hancock Whitney from a “neutral” rating to a “buy” rating and increased their price objective for the company from $48.00 to $50.00 in a report on Wednesday. Stephens reissued an “equal weight” rating and set a $50.00 price objective on shares of Hancock Whitney in a report on Wednesday. Truist Financial lowered their price objective on Hancock Whitney from $50.00 to $46.00 and set a “hold” rating on the stock in a report on Wednesday. StockNews.com lowered Hancock Whitney from a “hold” rating to a “sell” rating in a report on Sunday, March 31st. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $52.00 target price (down previously from $55.00) on shares of Hancock Whitney in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $50.71.

Insiders Place Their Bets

In related news, insider Christopher S. Ziluca sold 3,636 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 35,285 shares in the company, valued at approximately $1,534,897.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, COO D Shane Loper sold 17,690 shares of Hancock Whitney stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $46.81, for a total value of $828,068.90. Following the completion of the sale, the chief operating officer now directly owns 71,148 shares of the company’s stock, valued at approximately $3,330,437.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Christopher S. Ziluca sold 3,636 shares of Hancock Whitney stock in a transaction on 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 sale, the insider now directly owns 35,285 shares of the company’s stock, valued at $1,534,897.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,183 shares of company stock worth $1,450,992. 1.10% of the stock is currently owned by company insiders.

Hancock Whitney Stock Performance

HWC opened at $44.27 on Friday. The firm has a market capitalization of $3.83 billion, a P/E ratio of 10.32 and a beta of 1.33. The stock’s 50 day moving average price is $43.58 and its two-hundred day moving average price is $42.49. The company has a quick ratio of 0.81, a current ratio of 0.79 and a debt-to-equity ratio of 0.06. Hancock Whitney Co. has a 12-month low of $31.02 and a 12-month high of $49.65.

Hancock Whitney (NASDAQ:HWC) last announced its quarterly earnings data on Tuesday, January 16th. The company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.07. Hancock Whitney had a return on equity of 11.89% and a net margin of 19.07%. The company had revenue of $308.41 million during the quarter, compared to the consensus estimate of $355.51 million. During the same quarter last year, the company earned $1.65 EPS. On average, equities analysts forecast that Hancock Whitney Co. will post 4.82 earnings per share 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 given a $0.30 dividend. The ex-dividend date was Monday, March 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.71%. Hancock Whitney’s dividend payout ratio is currently 27.97%.

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.