Hancock Whitney Corporation $HWC Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas lifted its holdings in shares of Hancock Whitney Corporation (NASDAQ:HWC) by 4.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,240 shares of the company’s stock after purchasing an additional 1,395 shares during the quarter. Teacher Retirement System of Texas’ holdings in Hancock Whitney were worth $1,736,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Principal Financial Group Inc. increased its position in Hancock Whitney by 1.0% during the first quarter. Principal Financial Group Inc. now owns 199,532 shares of the company’s stock worth $10,465,000 after purchasing an additional 1,882 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Hancock Whitney by 1.7% during the 1st quarter. The Manufacturers Life Insurance Company now owns 607,177 shares of the company’s stock valued at $31,846,000 after buying an additional 10,157 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Hancock Whitney by 2.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 61,501 shares of the company’s stock valued at $3,226,000 after buying an additional 1,360 shares during the period. Cetera Investment Advisers increased its holdings in shares of Hancock Whitney by 12.3% during the 1st quarter. Cetera Investment Advisers now owns 46,775 shares of the company’s stock worth $2,453,000 after buying an additional 5,111 shares during the last quarter. Finally, Deutsche Bank AG raised its position in shares of Hancock Whitney by 60.5% in the 1st quarter. Deutsche Bank AG now owns 391,182 shares of the company’s stock worth $20,517,000 after buying an additional 147,526 shares during the period. Hedge funds and other institutional investors own 81.22% of the company’s stock.

Hancock Whitney Stock Performance

Hancock Whitney stock opened at $57.74 on Tuesday. The firm has a market capitalization of $4.89 billion, a PE ratio of 10.33 and a beta of 1.11. Hancock Whitney Corporation has a one year low of $43.90 and a one year high of $64.66. The stock’s 50 day moving average price is $60.97 and its 200 day moving average price is $58.35. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.79 and a current ratio of 0.79.

Hancock Whitney (NASDAQ:HWC) last posted its quarterly earnings data on Tuesday, October 14th. The company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.06. Hancock Whitney had a net margin of 23.99% and a return on equity of 11.29%. The company had revenue of $0.03 million for the quarter, compared to analyst estimates of $391.32 million. During the same quarter last year, the firm posted $1.33 earnings per share. As a group, sell-side analysts expect that Hancock Whitney Corporation will post 5.53 EPS for the current fiscal year.

Hancock Whitney Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, December 5th will be issued a $0.45 dividend. The ex-dividend date is Friday, December 5th. This represents a $1.80 dividend on an annualized basis and a yield of 3.1%. Hancock Whitney’s payout ratio is currently 32.20%.

Insiders Place Their Bets

In other news, CFO Michael M. Achary sold 9,894 shares of the firm’s stock in a transaction dated Friday, October 17th. The stock was sold at an average price of $54.86, for a total transaction of $542,784.84. Following the completion of the sale, the chief financial officer directly owned 55,733 shares in the company, valued at $3,057,512.38. This trade represents a 15.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.91% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on HWC. Citigroup boosted their price target on Hancock Whitney from $70.00 to $74.00 and gave the company a “buy” rating in a research report on Tuesday, August 26th. DA Davidson boosted their target price on Hancock Whitney from $65.00 to $67.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. Raymond James Financial dropped their target price on shares of Hancock Whitney from $73.00 to $72.00 and set a “strong-buy” rating for the company in a research report on Wednesday, October 15th. Keefe, Bruyette & Woods cut shares of Hancock Whitney from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $62.00 to $63.00 in a research report on Friday, July 11th. Finally, Wall Street Zen downgraded shares of Hancock Whitney from a “hold” rating to a “sell” rating in a research note 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 given a Hold rating to the company’s stock. Based on data from MarketBeat, Hancock Whitney has an average rating of “Buy” and an average price target of $69.86.

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.