Hancock Whitney Corporation $HWC Shares Sold by Boston Partners

Boston Partners trimmed its holdings in shares of Hancock Whitney Corporation (NASDAQ:HWC) by 0.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 721,862 shares of the company’s stock after selling 3,546 shares during the period. Boston Partners owned about 0.85% of Hancock Whitney worth $41,603,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HWC. Prudential Financial Inc. increased its position in Hancock Whitney by 8.3% during the second quarter. Prudential Financial Inc. now owns 58,901 shares of the company’s stock worth $3,437,000 after buying an additional 4,537 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Hancock Whitney by 15.7% in the second quarter. American Century Companies Inc. now owns 1,695,276 shares of the company’s stock valued at $97,309,000 after acquiring an additional 229,615 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Hancock Whitney by 4.1% during the second quarter. Rhumbline Advisers now owns 306,268 shares of the company’s stock valued at $17,580,000 after acquiring an additional 11,933 shares during the last quarter. Journey Strategic Wealth LLC purchased a new stake in Hancock Whitney during the 2nd quarter worth about $225,000. Finally, JPMorgan Chase & Co. raised its stake in Hancock Whitney by 27.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 609,439 shares of the company’s stock valued at $34,982,000 after purchasing an additional 131,987 shares during the last quarter. Hedge funds and other institutional investors own 81.22% of the company’s stock.

Insiders Place Their Bets

In other Hancock Whitney news, CFO Michael M. Achary sold 9,894 shares of the company’s stock in a transaction that occurred on Friday, October 17th. The stock was sold at an average price of $54.86, for a total value of $542,784.84. Following the completion of the transaction, the chief financial officer owned 55,733 shares in the company, valued at $3,057,512.38. This represents a 15.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.91% of the stock is currently owned by corporate insiders.

Hancock Whitney Stock Performance

NASDAQ:HWC opened at $60.76 on Friday. The firm’s fifty day simple moving average is $59.37 and its 200 day simple moving average is $59.05. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.05. Hancock Whitney Corporation has a twelve month low of $43.90 and a twelve month high of $64.66. The firm has a market capitalization of $5.08 billion, a price-to-earnings ratio of 10.87 and a beta of 1.18.

Hancock Whitney (NASDAQ:HWC) last released its quarterly earnings data on Tuesday, October 14th. The company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.43 by $0.06. The company had revenue of $175.56 million for the quarter, compared to analyst estimates of $391.32 million. Hancock Whitney had a return on equity of 11.29% and a net margin of 23.99%.During the same period last year, the company posted $1.33 earnings per share. As a group, equities research analysts expect that Hancock Whitney Corporation will post 5.53 earnings per share for the current fiscal year.

Hancock Whitney Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, December 5th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $1.80 annualized dividend and a yield of 3.0%. Hancock Whitney’s payout ratio is 32.20%.

Wall Street Analyst Weigh In

HWC has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods raised their price target on Hancock Whitney from $64.00 to $65.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 11th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Hancock Whitney in a report on Monday. Raymond James Financial lowered 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 report on Wednesday, October 15th. Wall Street Zen lowered shares of Hancock Whitney from a “hold” rating to a “sell” rating in a research report on Monday, August 11th. Finally, Citigroup lifted their price target on shares of Hancock Whitney from $70.00 to $74.00 and gave the company a “buy” rating in a report on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Hancock Whitney has an average rating of “Buy” and an average target price of $70.14.

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.