Principal Financial Group Inc. reduced its holdings in shares of Hancock Whitney Co. (NASDAQ:HWC – Get Rating) by 6.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 333,519 shares of the company’s stock after selling 22,235 shares during the quarter. Principal Financial Group Inc. owned 0.39% of Hancock Whitney worth $16,139,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in HWC. Bank of Montreal Can grew its stake in shares of Hancock Whitney by 52.1% during the fourth quarter. Bank of Montreal Can now owns 19,697 shares of the company’s stock valued at $1,108,000 after acquiring an additional 6,749 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of Hancock Whitney by 285.0% during the third quarter. Tower Research Capital LLC TRC now owns 20,271 shares of the company’s stock worth $928,000 after buying an additional 15,006 shares in the last quarter. Alpha DNA Investment Management LLC bought a new stake in shares of Hancock Whitney in the fourth quarter worth $1,054,000. Amalgamated Bank raised its holdings in Hancock Whitney by 1.8% in the third quarter. Amalgamated Bank now owns 56,910 shares of the company’s stock valued at $2,607,000 after acquiring an additional 1,012 shares in the last quarter. Finally, Boston Partners bought a new position in Hancock Whitney during the 3rd quarter valued at $869,000. Institutional investors and hedge funds own 79.09% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the company. StockNews.com started coverage on Hancock Whitney in a research report on Thursday, May 18th. They set a “sell” rating on the stock. Raymond James decreased their price target on shares of Hancock Whitney from $58.00 to $45.00 and set a “strong-buy” rating for the company in a report on Thursday, April 6th. Truist Financial dropped their price objective on shares of Hancock Whitney from $56.00 to $43.00 and set a “buy” rating on the stock in a research note on Thursday, March 23rd. DA Davidson decreased their target price on Hancock Whitney from $58.00 to $46.00 in a research note on Friday, March 17th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Hancock Whitney from $45.00 to $43.00 and set a “market perform” rating for the company in a research report on Wednesday, April 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $47.56.
Hancock Whitney Price Performance
Hancock Whitney (NASDAQ:HWC – Get Rating) last announced its earnings results on Tuesday, April 18th. The company reported $1.45 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.45. Hancock Whitney had a return on equity of 15.73% and a net margin of 32.92%. The company had revenue of $452.93 million for the quarter, compared to analyst estimates of $364.87 million. During the same period in the previous year, the firm earned $1.40 earnings per share. On average, research analysts forecast that Hancock Whitney Co. will post 5.44 earnings per share for the current fiscal year.
Hancock Whitney Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Monday, June 5th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.18%. The ex-dividend date is Friday, June 2nd. Hancock Whitney’s payout ratio is 19.90%.
Insider Transactions at Hancock Whitney
In other news, Director Sonia Perez acquired 2,737 shares of the firm’s stock in a transaction that occurred on Friday, April 21st. The stock was purchased at an average price of $36.54 per share, with a total value of $100,009.98. Following the purchase, the director now owns 4,665 shares of the company’s stock, valued at approximately $170,459.10. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.00% of the stock is currently owned by insiders.
Hancock Whitney Profile
Hancock Whitney Corp. operates as a bank holding company, which engages in the provision of financial services. It also offers trust and investment management services to retirement plans, corporations, individuals, brokerage services, annuity products, life insurance, general insurance and agency services, including life, title insurance and consumer financing service.
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