Hunter Perkins Capital Management LLC Has $1.08 Million Stock Holdings in Hancock Whitney Co. (NASDAQ:HWC)

Hunter Perkins Capital Management LLC raised its position in Hancock Whitney Co. (NASDAQ:HWC) by 23.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,670 shares of the company’s stock after acquiring an additional 3,755 shares during the period. Hunter Perkins Capital Management LLC’s holdings in Hancock Whitney were worth $1,076,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. State Street Corp increased its stake in Hancock Whitney by 1.7% in the third quarter. State Street Corp now owns 4,297,776 shares of the company’s stock valued at $219,917,000 after acquiring an additional 73,316 shares during the period. Geode Capital Management LLC grew its stake in shares of Hancock Whitney by 1.4% in the 3rd 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 during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Hancock Whitney by 4.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,154,835 shares of the company’s stock valued at $59,093,000 after purchasing an additional 46,622 shares during the period. Millennium Management LLC raised its holdings in shares of Hancock Whitney by 20.9% in the 2nd quarter. Millennium Management LLC now owns 780,882 shares of the company’s stock worth $37,350,000 after buying an additional 135,076 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of Hancock Whitney by 213.7% during the 2nd quarter. AQR Capital Management LLC now owns 735,790 shares of the company’s stock worth $34,663,000 after buying an additional 501,259 shares during the period. Institutional investors own 81.22% of the company’s stock.

Insider Transactions at Hancock Whitney

In related news, Director Christine L. Pickering sold 763 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $52.40, for a total transaction of $39,981.20. Following the completion of the transaction, the director now owns 23,518 shares in the company, valued at approximately $1,232,343.20. The trade was a 3.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John M. Hairston sold 18,000 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $59.44, for a total transaction of $1,069,920.00. Following the completion of the sale, the chief executive officer now directly owns 254,026 shares of the company’s stock, valued at $15,099,305.44. The trade was a 6.62 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

Hancock Whitney Stock Down 0.7 %

NASDAQ:HWC opened at $58.97 on Monday. The company has a market cap of $5.07 billion, a price-to-earnings ratio of 11.17 and a beta of 1.27. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.81 and a current ratio of 0.79. The stock’s fifty day moving average price is $57.33 and its two-hundred day moving average price is $54.00. Hancock Whitney Co. has a 52-week low of $41.19 and a 52-week high of $62.40.

Hancock Whitney (NASDAQ:HWC) last issued its quarterly earnings results on Tuesday, January 21st. The company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.12. Hancock Whitney had a return on equity of 11.56% and a net margin of 22.40%. During the same quarter last year, the firm earned $1.26 EPS. On average, analysts anticipate that Hancock Whitney Co. will post 5.16 EPS for the current year.

Hancock Whitney Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Thursday, December 5th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend was Thursday, December 5th. Hancock Whitney’s dividend payout ratio (DPR) is presently 30.30%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on HWC shares. Keefe, Bruyette & Woods upped their price target on Hancock Whitney from $60.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. StockNews.com cut shares of Hancock Whitney from a “hold” rating to a “sell” rating in a research report on Thursday. DA Davidson lifted their price target on shares of Hancock Whitney from $62.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Raymond James reaffirmed a “strong-buy” rating and set a $72.00 price objective (up from $64.00) on shares of Hancock Whitney in a research note on Wednesday, January 22nd. Finally, Stephens reiterated an “overweight” rating and issued a $74.00 target price (up previously from $68.00) on shares of Hancock Whitney in a research note on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.