Hancock Whitney Corporation $HWC Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC trimmed its position in Hancock Whitney Corporation (NASDAQ:HWC) by 0.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,217,610 shares of the company’s stock after selling 9,209 shares during the quarter. Geode Capital Management LLC’s holdings in Hancock Whitney were worth $141,236,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Torren Management LLC bought a new stake in shares of Hancock Whitney in the 4th quarter valued at approximately $32,000. IFP Advisors Inc increased its holdings in shares of Hancock Whitney by 67.6% in the 3rd quarter. IFP Advisors Inc now owns 627 shares of the company’s stock valued at $39,000 after acquiring an additional 253 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Hancock Whitney in the 3rd quarter valued at approximately $45,000. Amundi bought a new stake in shares of Hancock Whitney in the 1st quarter valued at approximately $50,000. Finally, CIBC Private Wealth Group LLC increased its holdings in shares of Hancock Whitney by 84,400.0% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 845 shares of the company’s stock valued at $53,000 after acquiring an additional 844 shares during the last quarter. 81.22% of the stock is currently owned by institutional investors.

Hancock Whitney Stock Up 2.9%

Shares of Hancock Whitney stock opened at $69.18 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.04. The business’s 50 day simple moving average is $66.68 and its 200-day simple moving average is $66.07. The stock has a market capitalization of $5.61 billion, a price-to-earnings ratio of 14.21 and a beta of 0.95. Hancock Whitney Corporation has a twelve month low of $52.89 and a twelve month high of $75.43.

Hancock Whitney (NASDAQ:HWC) last announced its quarterly earnings results on Tuesday, April 21st. The company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.04. The business had revenue of $393.64 million for the quarter, compared to analysts’ expectations of $400.01 million. Hancock Whitney had a return on equity of 11.20% and a net margin of 21.34%.The business’s quarterly revenue was down 19.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.38 EPS. Equities research analysts forecast that Hancock Whitney Corporation will post 6.47 earnings per share for the current year.

Hancock Whitney Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, June 5th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Friday, June 5th. Hancock Whitney’s dividend payout ratio is presently 41.07%.

Analyst Ratings Changes

HWC has been the subject of a number of research analyst reports. Wall Street Zen downgraded Hancock Whitney from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Citigroup boosted their price target on Hancock Whitney from $78.00 to $81.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. Weiss Ratings downgraded Hancock Whitney from a “buy (b)” rating to a “hold (c+)” rating in a report on Monday, May 11th. DA Davidson boosted their price target on Hancock Whitney from $79.00 to $86.00 and gave the company a “buy” rating in a report on Monday, May 18th. Finally, Piper Sandler boosted their price target on Hancock Whitney from $80.00 to $82.00 and gave the company an “overweight” rating in a report on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $78.14.

Insider Buying and Selling at Hancock Whitney

In other news, Director Christine L. Pickering sold 417 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $67.16, for a total transaction of $28,005.72. Following the sale, the director directly owned 25,066 shares in the company, valued at approximately $1,683,432.56. This represents a 1.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.92% of the company’s stock.

Hancock Whitney Profile

Hancock Whitney Corporation (NASDAQ: HWC) is a regional financial services company headquartered in Gulfport, Mississippi. The firm was established in April 2019 through the merger of Hancock Holding Company and Whitney Holding Corporation, each of which traced its roots to the late 19th century. This combination created one of the largest bank holding companies in the Gulf South region, with a network of branches serving both urban and rural communities.

The company’s core business activities include commercial banking, retail banking and wealth management services.