Hsbc Holdings PLC Sells 1,337 Shares of Hancock Whitney Co. (NASDAQ:HWC)

Hsbc Holdings PLC cut its stake in Hancock Whitney Co. (NASDAQ:HWCFree Report) by 6.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,906 shares of the company’s stock after selling 1,337 shares during the period. Hsbc Holdings PLC’s holdings in Hancock Whitney were worth $1,020,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Dimensional Fund Advisors LP grew its position in shares of Hancock Whitney by 5.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,749,591 shares of the company’s stock worth $230,786,000 after buying an additional 249,944 shares during the period. Fuller & Thaler Asset Management Inc. grew its position in shares of Hancock Whitney by 3.4% during 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 period. Wellington Management Group LLP grew its position in shares of Hancock Whitney by 7.0% during the 3rd quarter. Wellington Management Group LLP now owns 2,184,960 shares of the company’s stock worth $80,822,000 after buying an additional 142,465 shares during the period. Channing Capital Management LLC grew its position in shares of Hancock Whitney by 16.0% during the 3rd quarter. Channing Capital Management LLC now owns 1,407,511 shares of the company’s stock worth $52,064,000 after buying an additional 194,100 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Hancock Whitney by 4.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,087,610 shares of the company’s stock worth $52,847,000 after buying an additional 48,174 shares during the period. 81.22% of the stock is currently owned by institutional investors.

Insider Transactions at Hancock Whitney

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

Wall Street Analyst Weigh In

HWC has been the subject of several recent analyst reports. Stephens reaffirmed an “equal weight” rating and set a $50.00 price objective on shares of Hancock Whitney in a research report on Wednesday, April 17th. Jefferies Financial Group reduced their price target on shares of Hancock Whitney from $51.00 to $45.00 and set a “hold” rating for the company in a research report on Monday, April 8th. StockNews.com raised shares of Hancock Whitney from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. Citigroup lifted their price target on shares of Hancock Whitney from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Finally, DA Davidson lifted 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. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $51.88.

Check Out Our Latest Analysis on Hancock Whitney

Hancock Whitney Price Performance

Shares of NASDAQ:HWC opened at $46.49 on Monday. 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 stock’s fifty day simple moving average is $45.80 and its two-hundred day simple moving average is $45.11. Hancock Whitney Co. has a 1-year low of $32.16 and a 1-year high of $49.65. The stock has a market cap of $4.03 billion, a PE ratio of 10.84 and a beta of 1.28.

Hancock Whitney (NASDAQ:HWCGet Free Report) last issued its quarterly earnings data on Tuesday, April 16th. The company reported $1.28 earnings per share for the quarter, beating 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 business had revenue of $354.02 million for the quarter, compared to analysts’ expectations of $353.15 million. As a group, analysts forecast that Hancock Whitney Co. will post 4.92 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. Stockholders of record on Wednesday, June 5th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.44%. This is a boost from Hancock Whitney’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Wednesday, June 5th. Hancock Whitney’s payout ratio is presently 37.30%.

Hancock Whitney 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.

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

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