Creative Planning Sells 10,525 Shares of Hancock Whitney Corporation $HWC

Creative Planning trimmed its position in Hancock Whitney Corporation (NASDAQ:HWC) by 42.7% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 14,150 shares of the company’s stock after selling 10,525 shares during the period. Creative Planning’s holdings in Hancock Whitney were worth $812,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Wellington Management Group LLP grew its holdings in Hancock Whitney by 50.4% during the 1st quarter. Wellington Management Group LLP now owns 3,057,103 shares of the company’s stock worth $160,345,000 after acquiring an additional 1,024,869 shares during the period. Nuveen LLC acquired a new position in Hancock Whitney in the 1st quarter worth $38,163,000. MetLife Investment Management LLC grew its holdings in shares of Hancock Whitney by 294.0% during the first quarter. MetLife Investment Management LLC now owns 391,446 shares of the company’s stock worth $20,531,000 after buying an additional 292,097 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in shares of Hancock Whitney by 12.7% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,089,454 shares of the company’s stock worth $109,592,000 after acquiring an additional 235,363 shares in the last quarter. Finally, Deutsche Bank AG grew its position in Hancock Whitney by 60.5% in the first quarter. Deutsche Bank AG now owns 391,182 shares of the company’s stock valued at $20,517,000 after purchasing an additional 147,526 shares in the last quarter. Institutional investors and hedge funds own 81.22% of the company’s stock.

Hancock Whitney Trading Up 2.3%

NASDAQ HWC opened at $61.97 on Tuesday. The business’s 50-day moving average price is $59.29 and its two-hundred day moving average price is $59.13. Hancock Whitney Corporation has a 12 month low of $43.90 and a 12 month high of $64.66. The firm has a market capitalization of $5.18 billion, a PE ratio of 11.09 and a beta of 1.18. 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 (NASDAQ:HWC) last released its quarterly earnings results on Tuesday, October 14th. The company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.06. Hancock Whitney had a net margin of 23.99% and a return on equity of 11.29%. The firm had revenue of $175.56 million during the quarter, compared to analyst estimates of $391.32 million. During the same quarter last year, the business earned $1.33 EPS. On average, analysts expect that Hancock Whitney Corporation will post 5.53 EPS for the current year.

Hancock Whitney Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, December 5th will be paid 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 2.9%. Hancock Whitney’s dividend payout ratio (DPR) is currently 32.20%.

Analyst Ratings Changes

A number of research analysts have weighed in on HWC shares. Keefe, Bruyette & Woods raised their price target on Hancock Whitney from $64.00 to $65.00 and gave the company a “market perform” rating in a research note on Tuesday, November 11th. Raymond James Financial decreased their price objective on Hancock Whitney from $73.00 to $72.00 and set a “strong-buy” rating on the stock in a report on Wednesday, October 15th. Wall Street Zen cut shares of Hancock Whitney from a “hold” rating to a “sell” rating in a report on Monday, August 11th. Citigroup boosted their price target on Hancock Whitney from $70.00 to $74.00 and gave the company a “buy” rating in a research note on Tuesday, August 26th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Hancock Whitney in a research report on Monday, November 24th. One investment 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. Based on data from MarketBeat.com, Hancock Whitney presently has an average rating of “Buy” and an average target price of $70.14.

Insider Activity at Hancock Whitney

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

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.