Campbell & CO Investment Adviser LLC Buys 3,419 Shares of Hancock Whitney Co. (NASDAQ:HWC)

Campbell & CO Investment Adviser LLC lifted its stake in shares of Hancock Whitney Co. (NASDAQ:HWCFree Report) by 52.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,970 shares of the company’s stock after purchasing an additional 3,419 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Hancock Whitney were worth $484,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. lifted its stake in Hancock Whitney by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,039,436 shares of the company’s stock worth $38,449,000 after purchasing an additional 14,625 shares in the last quarter. Pathstone Family Office LLC lifted its position in Hancock Whitney by 12.4% during the third quarter. Pathstone Family Office LLC now owns 7,660 shares of the company’s stock valued at $283,000 after purchasing an additional 847 shares during the last quarter. UBS Group AG grew its stake in Hancock Whitney by 42.8% in the 3rd quarter. UBS Group AG now owns 68,112 shares of the company’s stock worth $2,519,000 after buying an additional 20,406 shares in the last quarter. Deutsche Bank AG increased its holdings in shares of Hancock Whitney by 4.2% in the 3rd quarter. Deutsche Bank AG now owns 122,077 shares of the company’s stock worth $4,516,000 after buying an additional 4,886 shares during the last quarter. Finally, Waters Parkerson & CO. LLC raised its position in shares of Hancock Whitney by 5.3% during the 3rd quarter. Waters Parkerson & CO. LLC now owns 29,839 shares of the company’s stock valued at $1,104,000 after buying an additional 1,507 shares in the last quarter. Hedge funds and other institutional investors own 81.22% of the company’s stock.

Hancock Whitney Trading Up 1.2 %

NASDAQ:HWC opened at $46.49 on Monday. The company has a 50-day moving average price of $45.80 and a 200-day moving average price of $45.11. The stock has a market cap of $4.03 billion, a price-to-earnings ratio of 10.84 and a beta of 1.28. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.06. Hancock Whitney Co. has a 12 month low of $32.16 and a 12 month high of $49.65.

Hancock Whitney (NASDAQ:HWCGet Free Report) last issued its quarterly earnings data on Tuesday, April 16th. The company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.18 by $0.10. Hancock Whitney had a net margin of 19.07% and a return on equity of 11.89%. The business had revenue of $354.02 million during the quarter, compared to analyst estimates of $353.15 million. Equities analysts predict that Hancock Whitney Co. will post 4.92 EPS for the current year.

Hancock Whitney Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Wednesday, June 5th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.44%. This is a boost from Hancock Whitney’s previous quarterly dividend of $0.30. The ex-dividend date is Wednesday, June 5th. Hancock Whitney’s dividend payout ratio is presently 37.30%.

Insiders Place Their Bets

In other news, insider Cecil W. Knight, Jr. sold 844 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $46.82, for a total value of $39,516.08. Following the sale, the insider now directly owns 58,843 shares of the company’s stock, valued at approximately $2,755,029.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, 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 sale, the insider now owns 58,843 shares of the company’s stock, valued at $2,755,029.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Christine L. Pickering sold 1,300 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $45.62, for a total transaction of $59,306.00. Following the transaction, the director now directly owns 23,982 shares of the company’s stock, valued at approximately $1,094,058.84. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently commented on HWC. DA Davidson increased their target price on Hancock Whitney from $55.00 to $57.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Jefferies Financial Group decreased their price objective on Hancock Whitney from $51.00 to $45.00 and set a “hold” rating on the stock in a report on Monday, April 8th. Truist Financial cut 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. StockNews.com raised shares of Hancock Whitney from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. 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. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $51.88.

View Our Latest Report on HWC

Hancock Whitney Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Hancock Whitney (NASDAQ:HWC)

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