Swiss National Bank Sells 2,200 Shares of Hancock Whitney Corporation $HWC

Swiss National Bank trimmed its holdings in shares of Hancock Whitney Corporation (NASDAQ:HWC) by 1.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 164,500 shares of the company’s stock after selling 2,200 shares during the quarter. Swiss National Bank owned 0.19% of Hancock Whitney worth $9,442,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. The Manufacturers Life Insurance Company lifted its holdings in Hancock Whitney by 1.7% during the 1st quarter. The Manufacturers Life Insurance Company now owns 607,177 shares of the company’s stock worth $31,846,000 after buying an additional 10,157 shares during the period. Cetera Investment Advisers raised its position in shares of Hancock Whitney by 12.3% during the first quarter. Cetera Investment Advisers now owns 46,775 shares of the company’s stock worth $2,453,000 after acquiring an additional 5,111 shares during the last quarter. Deutsche Bank AG lifted its stake in shares of Hancock Whitney by 60.5% in the first quarter. Deutsche Bank AG now owns 391,182 shares of the company’s stock worth $20,517,000 after acquiring an additional 147,526 shares during the period. Sequoia Financial Advisors LLC acquired a new position in shares of Hancock Whitney in the second quarter worth approximately $410,000. Finally, New York State Teachers Retirement System boosted its holdings in Hancock Whitney by 3.5% in the second quarter. New York State Teachers Retirement System now owns 145,630 shares of the company’s stock valued at $8,359,000 after acquiring an additional 4,873 shares during the last quarter. Institutional investors own 81.22% of the company’s stock.

Hancock Whitney Trading Down 0.2%

Shares of Hancock Whitney stock opened at $60.61 on Friday. The stock has a market capitalization of $5.07 billion, a PE ratio of 10.84 and a beta of 1.18. Hancock Whitney Corporation has a 52 week low of $43.90 and a 52 week high of $64.66. The stock has a 50 day moving average price of $59.31 and a two-hundred day moving average price of $59.08. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.79 and a current ratio of 0.79.

Hancock Whitney (NASDAQ:HWC) last posted its quarterly earnings results on Tuesday, October 14th. The company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.06. Hancock Whitney had a net margin of 23.99% and a return on equity of 11.29%. The business had revenue of $175.56 million during the quarter, compared to the consensus estimate of $391.32 million. During the same quarter last year, the firm posted $1.33 EPS. As a group, equities analysts anticipate that Hancock Whitney Corporation will post 5.53 earnings per share for the current fiscal year.

Hancock Whitney Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, December 5th will be given a $0.45 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $1.80 annualized dividend and a yield of 3.0%. Hancock Whitney’s dividend payout ratio (DPR) is presently 32.20%.

Insider Transactions at Hancock Whitney

In other Hancock Whitney news, CFO Michael M. Achary sold 9,894 shares of the business’s stock in a transaction that occurred on Friday, October 17th. The stock was sold at an average price of $54.86, for a total transaction of $542,784.84. Following the completion of the sale, the chief financial officer directly owned 55,733 shares of the company’s stock, valued at approximately $3,057,512.38. The trade was a 15.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.91% of the company’s stock.

Analyst Ratings Changes

HWC has been the subject of several analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of Hancock Whitney in a report on Monday. Citigroup upped their price target on shares of Hancock Whitney from $70.00 to $74.00 and gave the company a “buy” rating in a research report on Tuesday, August 26th. Wall Street Zen lowered Hancock Whitney from a “hold” rating to a “sell” rating in a research report on Monday, August 11th. Keefe, Bruyette & Woods upped their target price on Hancock Whitney from $64.00 to $65.00 and gave the company a “market perform” rating in a research report on Tuesday, November 11th. Finally, Raymond James Financial lowered their target price on Hancock Whitney from $73.00 to $72.00 and set a “strong-buy” rating for the company in a report on Wednesday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $70.14.

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.