Fisher Asset Management LLC Sells 28,775 Shares of Hancock Whitney Corporation $HWC

Fisher Asset Management LLC lessened its holdings in shares of Hancock Whitney Corporation (NASDAQ:HWC) by 8.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 320,218 shares of the company’s stock after selling 28,775 shares during the period. Fisher Asset Management LLC’s holdings in Hancock Whitney were worth $20,391,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. GAMMA Investing LLC boosted its holdings in shares of Hancock Whitney by 12.7% during the 4th quarter. GAMMA Investing LLC now owns 1,617 shares of the company’s stock valued at $103,000 after buying an additional 182 shares in the last quarter. BTC Capital Management Inc. boosted its holdings in shares of Hancock Whitney by 2.5% during the 4th quarter. BTC Capital Management Inc. now owns 8,310 shares of the company’s stock valued at $530,000 after buying an additional 205 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of Hancock Whitney by 8.1% during the 4th quarter. Hantz Financial Services Inc. now owns 2,753 shares of the company’s stock valued at $175,000 after buying an additional 207 shares in the last quarter. Arizona State Retirement System boosted its holdings in shares of Hancock Whitney by 0.9% during the 3rd quarter. Arizona State Retirement System now owns 25,334 shares of the company’s stock valued at $1,586,000 after buying an additional 238 shares in the last quarter. Finally, IFP Advisors Inc boosted its holdings in shares of Hancock Whitney by 67.6% during the 3rd quarter. IFP Advisors Inc now owns 627 shares of the company’s stock valued at $39,000 after buying an additional 253 shares in the last quarter. Institutional investors own 81.22% of the company’s stock.

Hancock Whitney Stock Performance

Shares of Hancock Whitney stock opened at $67.77 on Thursday. The stock has a market cap of $5.50 billion, a price-to-earnings ratio of 13.92 and a beta of 0.97. The firm’s 50-day moving average is $65.94 and its 200 day moving average is $65.69. Hancock Whitney Corporation has a 1 year low of $52.89 and a 1 year high of $75.43. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.81 and a quick ratio of 0.81.

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

Hancock Whitney Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, June 5th will be paid a dividend of $0.50 per share. The ex-dividend date is Friday, June 5th. This represents a $2.00 annualized dividend and a yield of 3.0%. Hancock Whitney’s dividend payout ratio is currently 41.07%.

Analyst Ratings Changes

A number of brokerages have recently commented on HWC. Citigroup boosted their target price on shares of Hancock Whitney from $78.00 to $81.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. Wall Street Zen cut shares of Hancock Whitney from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Weiss Ratings cut shares of Hancock Whitney from a “buy (b)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. DA Davidson upped their price target on shares of Hancock Whitney from $79.00 to $86.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. Finally, Zacks Research cut shares of Hancock Whitney from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 23rd. One equities research 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’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.14.

Insider Transactions at Hancock Whitney

In other Hancock Whitney news, Director Christine L. Pickering sold 417 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $67.16, for a total transaction of $28,005.72. Following the transaction, the director owned 25,066 shares in the company, valued at approximately $1,683,432.56. This represents a 1.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate 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.