Hancock Whitney Co. (NASDAQ:HWC) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its stake in Hancock Whitney Co. (NASDAQ:HWC) by 4.6% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,087,610 shares of the company’s stock after buying an additional 48,174 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Hancock Whitney were worth $52,847,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of HWC. Retirement Systems of Alabama grew its holdings in shares of Hancock Whitney by 0.3% during the 4th quarter. Retirement Systems of Alabama now owns 107,899 shares of the company’s stock worth $5,243,000 after purchasing an additional 360 shares during the period. Turtle Creek Wealth Advisors LLC acquired a new position in Hancock Whitney during the fourth quarter valued at approximately $29,000. Blue Trust Inc. lifted its position 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. AlphaMark Advisors LLC grew its stake in Hancock Whitney by 13.1% during the fourth quarter. AlphaMark Advisors LLC now owns 6,836 shares of the company’s stock worth $332,000 after buying an additional 792 shares during the period. Finally, Pathstone Family Office LLC increased its position in shares of Hancock Whitney by 12.4% in the third quarter. Pathstone Family Office LLC now owns 7,660 shares of the company’s stock worth $283,000 after acquiring an additional 847 shares in the last quarter. Institutional investors and hedge funds own 81.22% of the company’s stock.

Hancock Whitney Stock Down 0.2 %

Shares of NASDAQ:HWC opened at $47.86 on Friday. Hancock Whitney Co. has a 12-month low of $32.16 and a 12-month high of $49.65. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.06. The firm has a market cap of $4.15 billion, a PE ratio of 11.16 and a beta of 1.31. The company has a fifty day simple moving average of $45.03 and a 200 day simple moving average of $44.24.

Hancock Whitney (NASDAQ:HWC) last announced its quarterly earnings data on Tuesday, April 16th. The company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.10. Hancock Whitney had a return on equity of 11.89% and a net margin of 19.07%. The firm had revenue of $354.02 million for the quarter, compared to analysts’ expectations of $353.15 million. On average, equities research analysts anticipate that Hancock Whitney Co. will post 4.91 EPS for the current fiscal year.

Hancock Whitney Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Wednesday, June 5th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, June 5th. This represents a $1.60 dividend on an annualized basis and a yield of 3.34%. This is a boost from Hancock Whitney’s previous quarterly dividend of $0.30. Hancock Whitney’s dividend payout ratio (DPR) is currently 27.97%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on HWC. DA Davidson upped their price target on shares of Hancock Whitney from $55.00 to $57.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Truist Financial lowered their target price on Hancock Whitney from $50.00 to $46.00 and set a “hold” rating for the company in a research note on Wednesday, April 17th. Citigroup raised their target price on Hancock Whitney from $50.00 to $55.00 and gave the company a “buy” rating in a report on Monday, May 6th. Jefferies Financial Group decreased their price target on Hancock Whitney from $51.00 to $45.00 and set a “hold” rating for the company in a report on Monday, April 8th. Finally, StockNews.com upgraded shares of Hancock Whitney from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Hancock Whitney currently has an average rating of “Moderate Buy” and an average price target of $51.43.

Insider Buying and Selling at Hancock Whitney

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 value of $158,166.00. Following the sale, the insider now owns 35,285 shares of the company’s stock, valued at approximately $1,534,897.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Christopher S. Ziluca sold 3,636 shares of the 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 sale, the insider now owns 35,285 shares of the company’s stock, valued at approximately $1,534,897.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Cecil W. Knight, Jr. sold 844 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $46.82, for a total transaction of $39,516.08. Following the transaction, the insider now directly owns 58,843 shares of the company’s stock, valued at $2,755,029.26. The disclosure for this sale can be found here. Insiders sold a total of 5,780 shares of company stock worth $256,988 over the last ninety days. Company insiders own 1.10% of the company’s stock.

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.