Hancock Whitney Corporation $HWC Holdings Decreased by JPMorgan Chase & Co.

JPMorgan Chase & Co. trimmed its holdings in shares of Hancock Whitney Corporation (NASDAQ:HWC) by 29.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 430,392 shares of the company’s stock after selling 179,047 shares during the period. JPMorgan Chase & Co. owned approximately 0.51% of Hancock Whitney worth $26,947,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. True Wealth Design LLC grew its stake in Hancock Whitney by 929.5% during the 2nd quarter. True Wealth Design LLC now owns 453 shares of the company’s stock valued at $26,000 after acquiring an additional 409 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of Hancock Whitney by 6,107.7% during the second quarter. Hantz Financial Services Inc. now owns 807 shares of the company’s stock worth $46,000 after purchasing an additional 794 shares during the period. Amundi purchased a new position in Hancock Whitney during the first quarter valued at approximately $50,000. Quantbot Technologies LP acquired a new position in Hancock Whitney in the 2nd quarter valued at approximately $58,000. Finally, EverSource Wealth Advisors LLC lifted its position in Hancock Whitney by 78.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,611 shares of the company’s stock worth $92,000 after buying an additional 710 shares in the last quarter. 81.22% of the stock is currently owned by institutional investors and hedge funds.

Hancock Whitney Trading Down 5.9%

Shares of HWC stock opened at $65.81 on Friday. Hancock Whitney Corporation has a 12 month low of $43.90 and a 12 month high of $75.43. The company has a market cap of $5.50 billion, a PE ratio of 11.59 and a beta of 1.05. The company has a quick ratio of 0.78, a current ratio of 0.79 and a debt-to-equity ratio of 0.04. The business’s 50 day moving average is $68.43 and its two-hundred day moving average is $63.66.

Hancock Whitney (NASDAQ:HWC) last posted its quarterly earnings data on Tuesday, January 20th. The company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.01. Hancock Whitney had a net margin of 24.05% and a return on equity of 11.16%. The business had revenue of $81.55 million during the quarter, compared to the consensus estimate of $391.63 million. During the same period in the prior year, the firm earned $1.40 EPS. Equities analysts predict that Hancock Whitney Corporation will post 5.53 EPS for the current year.

Hancock Whitney Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Thursday, March 5th will be paid a $0.50 dividend. The ex-dividend date is Thursday, March 5th. This is a boost from Hancock Whitney’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.0%. Hancock Whitney’s dividend payout ratio is presently 31.69%.

Insider Buying and Selling at Hancock Whitney

In related news, insider Christopher S. Ziluca sold 5,227 shares of the stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $68.57, for a total transaction of $358,415.39. Following the completion of the sale, the insider owned 33,301 shares in the company, valued at $2,283,449.57. This represents a 13.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.91% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on HWC shares. Zacks Research raised shares of Hancock Whitney from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Hancock Whitney in a research report on Monday, December 29th. Wall Street Zen upgraded Hancock Whitney from a “sell” rating to a “hold” rating in a research note on Friday, January 23rd. Citigroup raised their price target on Hancock Whitney from $78.00 to $81.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, DA Davidson boosted their price target on Hancock Whitney from $77.00 to $79.00 and gave the company a “buy” rating in a research note on Wednesday, January 21st. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Hancock Whitney has an average rating of “Buy” and an average target price of $75.63.

Hancock Whitney Company 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.