Hancock Whitney Co. (NASDAQ:HWC) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC cut its stake in Hancock Whitney Co. (NASDAQ:HWC) by 2.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,408 shares of the company’s stock after selling 765 shares during the period. Yousif Capital Management LLC’s holdings in Hancock Whitney were worth $1,542,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of HWC. Versant Capital Management Inc boosted its position in shares of Hancock Whitney by 554.6% in the first quarter. Versant Capital Management Inc now owns 707 shares of the company’s stock worth $37,000 after acquiring an additional 599 shares during the last quarter. UMB Bank n.a. raised its holdings in Hancock Whitney by 1,132.1% in the first quarter. UMB Bank n.a. now owns 998 shares of the company’s stock valued at $52,000 after buying an additional 917 shares during the period. GeoWealth Management LLC purchased a new position in Hancock Whitney in the fourth quarter valued at approximately $65,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Hancock Whitney in the fourth quarter valued at approximately $92,000. Finally, Parkside Financial Bank & Trust raised its holdings in Hancock Whitney by 9.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,911 shares of the company’s stock valued at $105,000 after buying an additional 169 shares during the period. 81.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on HWC shares. Wall Street Zen upgraded shares of Hancock Whitney from a “sell” rating to a “hold” rating in a report on Monday, March 3rd. Keefe, Bruyette & Woods cut their price target on shares of Hancock Whitney from $68.00 to $62.00 and set an “outperform” rating on the stock in a report on Wednesday, April 16th. Piper Sandler restated an “overweight” rating and issued a $70.00 price target (up previously from $68.00) on shares of Hancock Whitney in a report on Wednesday, April 16th. DA Davidson cut their price target on shares of Hancock Whitney from $69.00 to $62.00 and set a “buy” rating on the stock in a report on Wednesday, April 16th. Finally, Stephens cut their price target on shares of Hancock Whitney from $73.00 to $69.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $61.25.

Hancock Whitney Trading Up 0.3%

HWC opened at $53.93 on Tuesday. The firm has a market capitalization of $4.62 billion, a P/E ratio of 10.21 and a beta of 1.05. The firm’s 50 day moving average is $53.23 and its 200-day moving average is $54.90. Hancock Whitney Co. has a 52-week low of $43.60 and a 52-week high of $62.40. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.05.

Hancock Whitney (NASDAQ:HWC) last released its quarterly earnings results on Tuesday, April 15th. The company reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.10. Hancock Whitney had a net margin of 22.40% and a return on equity of 11.56%. The business had revenue of $367.50 million during the quarter, compared to the consensus estimate of $368.12 million. Analysts expect that Hancock Whitney Co. will post 5.53 EPS for the current fiscal year.

Hancock Whitney Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Thursday, June 5th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date was Thursday, June 5th. Hancock Whitney’s payout ratio is currently 33.21%.

Insider Transactions at Hancock Whitney

In other news, Director Christine L. Pickering sold 838 shares of the firm’s stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $48.09, for a total transaction of $40,299.42. Following the completion of the sale, the director now owns 23,019 shares of the company’s stock, valued at approximately $1,106,983.71. This trade represents a 3.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.91% of the company’s stock.

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.