Hancock Whitney Co. (NASDAQ:HWC) Stock Position Lowered by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its stake in shares of Hancock Whitney Co. (NASDAQ:HWC) by 0.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 265,567 shares of the company’s stock after selling 1,513 shares during the period. Mutual of America Capital Management LLC owned approximately 0.31% of Hancock Whitney worth $12,514,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Walleye Capital LLC raised its position in shares of Hancock Whitney by 355.5% during the second quarter. Walleye Capital LLC now owns 56,357 shares of the company’s stock worth $2,505,000 after purchasing an additional 43,984 shares during the period. Brandywine Global Investment Management LLC grew its stake in Hancock Whitney by 22.5% in the second quarter. Brandywine Global Investment Management LLC now owns 112,946 shares of the company’s stock valued at $5,019,000 after purchasing an additional 20,710 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in shares of Hancock Whitney by 6.5% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 120,016 shares of the company’s stock worth $5,334,000 after acquiring an additional 7,282 shares in the last quarter. Schonfeld Strategic Advisors LLC boosted its stake in shares of Hancock Whitney by 1,536.2% during the 2nd quarter. Schonfeld Strategic Advisors LLC now owns 388,131 shares of the company’s stock worth $17,249,000 after acquiring an additional 364,409 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Hancock Whitney by 0.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 966,273 shares of the company’s stock worth $42,942,000 after acquiring an additional 7,239 shares in the last quarter. 76.43% of the stock is currently owned by institutional investors.

Shares of Hancock Whitney stock opened at $54.96 on Friday. The company has a market capitalization of $4.77 billion, a PE ratio of 11.36 and a beta of 1.58. Hancock Whitney Co. has a 12 month low of $33.69 and a 12 month high of $55.10. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.07. The stock’s fifty day simple moving average is $50.70 and its 200 day simple moving average is $47.28.

Hancock Whitney (NASDAQ:HWC) last released its quarterly earnings results on Monday, October 18th. The company reported $1.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.29 by $0.17. The firm had revenue of $330.84 million for the quarter, compared to the consensus estimate of $322.77 million. Hancock Whitney had a return on equity of 12.59% and a net margin of 31.60%. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the business posted $0.90 EPS. Analysts predict that Hancock Whitney Co. will post 5.39 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 15th. Stockholders of record on Monday, December 6th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend was Friday, December 3rd. Hancock Whitney’s dividend payout ratio is presently 22.31%.

HWC has been the subject of several recent analyst reports. Truist increased their target price on Hancock Whitney from $45.00 to $50.00 and gave the company a “hold” rating in a research note on Thursday, October 21st. Raymond James upped their price target on Hancock Whitney from $54.00 to $60.00 and gave the company a “strong-buy” rating in a report on Wednesday, October 20th. Finally, Zacks Investment Research raised Hancock Whitney from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a report on Thursday, October 21st. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $54.75.

Hancock Whitney Company Profile

Hancock Whitney Corp. operates as a bank holding company, which engages in the provision of financial services. It also offers trust and investment management services to retirement plans, corporations, individuals, brokerage services, annuity products, life insurance, general insurance and agency services, including life, title insurance and consumer financing service.

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Institutional Ownership by Quarter for Hancock Whitney (NASDAQ:HWC)

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