Martingale Asset Management L P Has $1.79 Million Stake in Hancock Whitney Co. (NASDAQ:HWC)

Martingale Asset Management L P reduced its holdings in shares of Hancock Whitney Co. (NASDAQ:HWC) by 10.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,674 shares of the company’s stock after selling 3,737 shares during the period. Martingale Asset Management L P’s holdings in Hancock Whitney were worth $1,788,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Hancock Whitney by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 10,097,563 shares of the company’s stock valued at $552,539,000 after acquiring an additional 181,706 shares in the last quarter. Geode Capital Management LLC increased its stake in Hancock Whitney by 1.4% in the third quarter. Geode Capital Management LLC now owns 2,149,648 shares of the company’s stock valued at $110,016,000 after purchasing an additional 30,239 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Hancock Whitney by 0.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,898,504 shares of the company’s stock valued at $102,557,000 after purchasing an additional 12,172 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Hancock Whitney by 6.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,228,710 shares of the company’s stock worth $67,235,000 after purchasing an additional 73,875 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Hancock Whitney in the 4th quarter valued at about $54,605,000. 81.22% of the stock is owned by institutional investors.

Hancock Whitney Trading Down 0.0 %

Shares of Hancock Whitney stock opened at $46.61 on Friday. The company has a market capitalization of $4.01 billion, a P/E ratio of 8.83 and a beta of 0.99. The stock has a fifty day simple moving average of $53.77 and a 200 day simple moving average of $55.17. Hancock Whitney Co. has a 12-month low of $41.56 and a 12-month high of $62.40. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.05.

Hancock Whitney (NASDAQ:HWC) last posted its earnings results on Tuesday, January 21st. The company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.12. Hancock Whitney had a net margin of 22.40% and a return on equity of 11.56%. During the same period last year, the business posted $1.26 earnings per share. On average, sell-side analysts anticipate that Hancock Whitney Co. will post 5.53 earnings per share for the current fiscal year.

Hancock Whitney Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Wednesday, March 5th were paid a $0.45 dividend. This is a positive change from Hancock Whitney’s previous quarterly dividend of $0.40. The ex-dividend date was Wednesday, March 5th. This represents a $1.80 annualized dividend and a yield of 3.86%. Hancock Whitney’s dividend payout ratio (DPR) is 34.09%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on HWC shares. Raymond James reaffirmed a “strong-buy” rating and set a $72.00 price target (up from $64.00) on shares of Hancock Whitney in a research note on Wednesday, January 22nd. StockNews.com upgraded Hancock Whitney from a “sell” rating to a “hold” rating in a report on Monday, March 3rd. Finally, Stephens restated an “overweight” rating and set a $74.00 price target (up previously from $68.00) on shares of Hancock Whitney in a research note on Wednesday, January 22nd. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $62.56.

About Hancock Whitney

Hancock Whitney Corporation operates as the financial holding company for Hancock Whitney Bank that provides traditional and online banking services to commercial, small business, and retail customers. It offers various transaction and savings deposit products consisting of brokered deposits, time deposits, and money market accounts; treasury management services, secured and unsecured loan products including revolving credit facilities, and letters of credit and similar financial guarantees; and trust and investment management services to retirement plans, corporations, and individuals, and investment advisory and brokerage products.