Hancock Whitney Co. (NASDAQ:HWC) Shares Purchased by Federated Hermes Inc.

Federated Hermes Inc. lifted its holdings in Hancock Whitney Co. (NASDAQ:HWC) by 15.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 31,470 shares of the company’s stock after purchasing an additional 4,125 shares during the quarter. Federated Hermes Inc.’s holdings in Hancock Whitney were worth $1,529,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Channing Capital Management LLC lifted its holdings in Hancock Whitney by 16.0% during the third quarter. Channing Capital Management LLC now owns 1,407,511 shares of the company’s stock valued at $52,064,000 after purchasing an additional 194,100 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Hancock Whitney by 7.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,102,052 shares of the company’s stock worth $77,755,000 after purchasing an additional 148,542 shares during the last quarter. Wellington Management Group LLP lifted its stake in Hancock Whitney by 7.0% in the 3rd quarter. Wellington Management Group LLP now owns 2,184,960 shares of the company’s stock valued at $80,822,000 after buying an additional 142,465 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its holdings in Hancock Whitney by 3.4% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 3,298,200 shares of the company’s stock worth $122,000,000 after buying an additional 109,016 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in Hancock Whitney by 13.1% in the 3rd quarter. American Century Companies Inc. now owns 832,405 shares of the company’s stock worth $30,791,000 after buying an additional 96,522 shares during the last quarter. Institutional investors and hedge funds own 81.22% of the company’s stock.

Insiders Place Their Bets

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 shares were sold at an average price of $43.50, for a total value of $158,166.00. Following the transaction, the insider now directly owns 35,285 shares in the company, valued at approximately $1,534,897.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HWC. Jefferies Financial Group decreased their target price on Hancock Whitney from $51.00 to $45.00 and set a “hold” rating on the stock in a research report on Monday, April 8th. Truist Financial decreased 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, April 17th. Piper Sandler reaffirmed an “overweight” rating and set a $52.00 target price (down previously from $55.00) on shares of Hancock Whitney in a report on Wednesday, April 17th. StockNews.com downgraded shares of Hancock Whitney from a “hold” rating to a “sell” rating in a research note on Sunday, March 31st. Finally, Stephens restated an “equal weight” rating and set a $50.00 price target on shares of Hancock Whitney in a research report on Wednesday, April 17th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Hancock Whitney has a consensus rating of “Hold” and an average price target of $50.71.

Hancock Whitney Stock Down 0.4 %

Shares of HWC opened at $46.55 on Tuesday. Hancock Whitney Co. has a 52-week low of $31.02 and a 52-week high of $49.65. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.06. The stock has a fifty day simple moving average of $43.89 and a two-hundred day simple moving average of $43.06. The company has a market capitalization of $4.03 billion, a PE ratio of 10.85 and a beta of 1.33.

Hancock Whitney Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Wednesday, June 5th will be given a dividend of $0.40 per share. This is a boost from Hancock Whitney’s previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a yield of 3.44%. The ex-dividend date is Wednesday, June 5th. Hancock Whitney’s dividend payout ratio (DPR) is presently 27.97%.

About Hancock Whitney

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.