5,567 Shares in Hancock Whitney Co. (NASDAQ:HWC) Bought by Mackenzie Financial Corp

Mackenzie Financial Corp purchased a new position in Hancock Whitney Co. (NASDAQ:HWC) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 5,567 shares of the company’s stock, valued at approximately $271,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC purchased a new stake in Hancock Whitney in the 4th quarter worth $29,000. Blue Trust Inc. grew its holdings in shares of Hancock Whitney by 32.4% during the fourth quarter. Blue Trust Inc. now owns 2,569 shares of the company’s stock worth $125,000 after buying an additional 628 shares in the last quarter. DMC Group LLC purchased a new stake in shares of Hancock Whitney during the fourth quarter worth $205,000. Trust Point Inc. purchased a new stake in shares of Hancock Whitney during the fourth quarter worth $216,000. Finally, Neville Rodie & Shaw Inc. purchased a new stake in shares of Hancock Whitney during the fourth quarter worth $236,000. Hedge funds and other institutional investors own 81.22% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on HWC shares. DA Davidson boosted their price target on shares of Hancock Whitney from $55.00 to $57.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. Stephens reissued an “equal weight” rating and set a $50.00 price target on shares of Hancock Whitney in a research report on Wednesday, April 17th. Truist Financial lowered their price target on shares of Hancock Whitney from $50.00 to $46.00 and set a “hold” rating on the stock in a research report on Wednesday, April 17th. StockNews.com cut shares of Hancock Whitney from a “hold” rating to a “sell” rating in a research report on Sunday, March 31st. Finally, Citigroup raised shares of Hancock Whitney from a “neutral” rating to a “buy” rating and boosted their price target for the company from $48.00 to $50.00 in a research report on Wednesday, April 17th. One 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $50.71.

Insider Transactions at Hancock Whitney

In related news, insider Christopher S. Ziluca sold 3,636 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $43.50, for a total transaction of $158,166.00. Following 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.10% of the company’s stock.

Hancock Whitney Trading Up 1.2 %

NASDAQ HWC opened at $46.74 on Monday. The stock has a market capitalization of $4.05 billion, a P/E ratio of 10.90 and a beta of 1.33. Hancock Whitney Co. has a 12 month low of $31.02 and a 12 month high of $49.65. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.79 and a quick ratio of 0.79. The firm’s 50-day moving average is $43.84 and its two-hundred day moving average is $42.98.

Hancock Whitney Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Wednesday, June 5th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.42%. The ex-dividend date is Wednesday, June 5th. This is a boost from Hancock Whitney’s previous quarterly dividend of $0.30. 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.