Segall Bryant & Hamill LLC Reduces Stock Position in Hancock Whitney Corporation $HWC

Segall Bryant & Hamill LLC cut its holdings in Hancock Whitney Corporation (NASDAQ:HWC) by 43.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 337,752 shares of the company’s stock after selling 255,906 shares during the period. Segall Bryant & Hamill LLC’s holdings in Hancock Whitney were worth $21,478,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Torren Management LLC acquired a new position in shares of Hancock Whitney during the 4th quarter worth about $32,000. Hilton Head Capital Partners LLC acquired a new stake in shares of Hancock Whitney during the 4th quarter worth about $35,000. Root Financial Partners LLC raised its position in shares of Hancock Whitney by 70.9% during the 1st quarter. Root Financial Partners LLC now owns 612 shares of the company’s stock worth $39,000 after acquiring an additional 254 shares in the last quarter. IFP Advisors Inc raised its position in shares of Hancock Whitney by 67.6% during the 3rd quarter. IFP Advisors Inc now owns 627 shares of the company’s stock worth $39,000 after acquiring an additional 253 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. purchased a new stake in Hancock Whitney during the fourth quarter worth approximately $40,000. 81.22% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Christine L. Pickering sold 417 shares of Hancock Whitney stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $67.16, for a total value of $28,005.72. Following the transaction, the director directly owned 25,066 shares of the company’s stock, valued at $1,683,432.56. The trade was a 1.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Michael M. Achary sold 22,694 shares of Hancock Whitney stock in a transaction on Friday, July 24th. The shares were sold at an average price of $76.18, for a total transaction of $1,728,828.92. Following the completion of the transaction, the chief financial officer directly owned 44,160 shares in the company, valued at $3,364,108.80. The trade was a 33.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.92% of the company’s stock.

Hancock Whitney Stock Up 0.9%

Shares of NASDAQ HWC opened at $77.00 on Friday. The stock has a market cap of $6.25 billion, a PE ratio of 15.10 and a beta of 0.95. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 0.04. Hancock Whitney Corporation has a 52-week low of $54.05 and a 52-week high of $79.36. The business has a 50-day moving average price of $73.05 and a 200 day moving average price of $69.12.

Hancock Whitney (NASDAQ:HWC) last released its quarterly earnings results on Tuesday, July 21st. The company reported $1.55 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.55. The firm had revenue of $403.57 million for the quarter, compared to the consensus estimate of $398.89 million. Hancock Whitney had a return on equity of 11.36% and a net margin of 21.81%.The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.37 EPS. Equities research analysts forecast that Hancock Whitney Corporation will post 6.45 earnings per share for the current year.

Hancock Whitney Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, September 4th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, September 4th. Hancock Whitney’s dividend payout ratio is presently 39.22%.

Analysts Set New Price Targets

HWC has been the subject of a number of research analyst reports. Stephens lowered their price target on Hancock Whitney from $86.00 to $85.00 and set an “overweight” rating for the company in a report on Wednesday, July 22nd. Barclays raised their price objective on shares of Hancock Whitney from $76.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday, July 7th. Weiss Ratings downgraded shares of Hancock Whitney from a “buy (b)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Keefe, Bruyette & Woods upped their target price on shares of Hancock Whitney from $78.00 to $80.00 and gave the company a “market perform” rating in a report on Wednesday, July 22nd. Finally, Wall Street Zen downgraded shares of Hancock Whitney from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $83.56.

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.