Hancock Whitney Corporation $HWC Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue lessened its position in shares of Hancock Whitney Corporation (NASDAQ:HWC) by 4.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,615 shares of the company’s stock after selling 470 shares during the quarter. State of Alaska Department of Revenue’s holdings in Hancock Whitney were worth $551,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Louisiana State Employees Retirement System raised its holdings in Hancock Whitney by 0.8% during the first quarter. Louisiana State Employees Retirement System now owns 24,100 shares of the company’s stock worth $1,264,000 after purchasing an additional 200 shares during the last quarter. Xponance Inc. grew its position in Hancock Whitney by 1.7% during the first quarter. Xponance Inc. now owns 12,473 shares of the company’s stock valued at $654,000 after acquiring an additional 213 shares during the period. BTC Capital Management Inc. grew its position in Hancock Whitney by 3.0% during the second quarter. BTC Capital Management Inc. now owns 7,459 shares of the company’s stock valued at $427,000 after acquiring an additional 219 shares during the period. State of Michigan Retirement System boosted its position in shares of Hancock Whitney by 1.5% in the first quarter. State of Michigan Retirement System now owns 20,640 shares of the company’s stock worth $1,083,000 after buying an additional 300 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in shares of Hancock Whitney by 9.7% in the first quarter. PNC Financial Services Group Inc. now owns 3,566 shares of the company’s stock worth $187,000 after buying an additional 315 shares during the period. 81.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. DA Davidson increased their price target on Hancock Whitney from $65.00 to $67.00 and gave the company a “buy” rating in a report on Wednesday, July 16th. Weiss Ratings restated a “buy (b-)” rating on shares of Hancock Whitney in a research report on Wednesday. Piper Sandler lifted their target price on Hancock Whitney from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, July 16th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Hancock Whitney in a research report on Monday, September 8th. Finally, Wall Street Zen lowered Hancock Whitney from a “hold” rating to a “sell” rating in a report on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $70.00.

Hancock Whitney Stock Down 0.3%

Shares of HWC opened at $62.83 on Thursday. The business’s 50 day simple moving average is $61.86 and its 200-day simple moving average is $57.21. Hancock Whitney Corporation has a one year low of $43.90 and a one year high of $64.66. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market capitalization of $5.32 billion, a P/E ratio of 11.57 and a beta of 1.11.

Hancock Whitney (NASDAQ:HWC) last posted its quarterly earnings data on Tuesday, July 15th. The company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.01. The firm had revenue of $377.98 million for the quarter, compared to the consensus estimate of $375.99 million. Hancock Whitney had a return on equity of 11.21% and a net margin of 23.28%.During the same quarter in the prior year, the business earned $1.31 EPS. As a group, sell-side analysts predict that Hancock Whitney Corporation will post 5.53 EPS for the current fiscal year.

Hancock Whitney Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, September 5th were given a $0.45 dividend. The ex-dividend date was Friday, September 5th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.9%. Hancock Whitney’s dividend payout ratio is currently 33.15%.

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.