Wedge Capital Management L L P NC Has $4.85 Million Stock Position in Hancock Whitney Co. (NASDAQ:HWC)

Wedge Capital Management L L P NC lowered its stake in Hancock Whitney Co. (NASDAQ:HWC) by 0.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 99,873 shares of the company’s stock after selling 237 shares during the period. Wedge Capital Management L L P NC owned approximately 0.12% of Hancock Whitney worth $4,853,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Hennion & Walsh Asset Management Inc. grew its stake in Hancock Whitney by 5.6% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 9,507 shares of the company’s stock valued at $352,000 after buying an additional 504 shares during the last quarter. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Hancock Whitney during the 4th quarter worth approximately $29,000. Blue Trust Inc. grew its position in shares of Hancock Whitney by 32.4% during the 4th quarter. Blue Trust Inc. now owns 2,569 shares of the company’s stock worth $125,000 after purchasing an additional 628 shares in the last quarter. AlphaMark Advisors LLC grew its position in shares of Hancock Whitney by 13.1% during the 4th quarter. AlphaMark Advisors LLC now owns 6,836 shares of the company’s stock worth $332,000 after purchasing an additional 792 shares in the last quarter. Finally, Pathstone Family Office LLC grew its position in shares of Hancock Whitney by 12.4% during the 3rd quarter. Pathstone Family Office LLC now owns 7,660 shares of the company’s stock worth $283,000 after purchasing an additional 847 shares in the last quarter. Institutional investors and hedge funds own 81.22% of the company’s stock.

Wall Street Analysts Forecast Growth

HWC has been the topic of a number of analyst reports. Stephens restated an “equal weight” rating and set a $50.00 target price on shares of Hancock Whitney in a research report on Wednesday, April 17th. Piper Sandler reaffirmed an “overweight” rating and set a $52.00 price target (down previously from $55.00) on shares of Hancock Whitney in a report on Wednesday, April 17th. DA Davidson upped their price target on shares of Hancock Whitney from $55.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. Jefferies Financial Group cut their price target on shares of Hancock Whitney from $51.00 to $45.00 and set a “hold” rating for the company in a report on Monday, April 8th. Finally, Raymond James increased their price objective on shares of Hancock Whitney from $45.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, January 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $50.71.

Insiders Place Their Bets

In other Hancock Whitney news, insider Christopher S. Ziluca sold 3,636 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $43.50, for a total value of $158,166.00. Following the completion of the sale, the insider now owns 35,285 shares in the company, valued at approximately $1,534,897.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.10% of the company’s stock.

Hancock Whitney Stock Performance

Shares of NASDAQ HWC opened at $46.47 on Thursday. The stock has a market cap of $4.02 billion, a price-to-earnings ratio of 10.83 and a beta of 1.33. Hancock Whitney Co. has a 1-year low of $31.02 and a 1-year high of $49.65. The stock’s 50-day moving average is $43.75 and its 200 day moving average is $42.77. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.06.

Hancock Whitney Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, March 5th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.58%. The ex-dividend date was Monday, March 4th. Hancock Whitney’s dividend payout ratio is presently 27.97%.

Hancock Whitney Profile

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.