Hancock Whitney Corporation $HWC Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its stake in Hancock Whitney Corporation (NASDAQ:HWC) by 1.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 183,096 shares of the company’s stock after selling 3,517 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.21% of Hancock Whitney worth $10,510,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. GAMMA Investing LLC raised its stake in shares of Hancock Whitney by 115.3% during the 1st quarter. GAMMA Investing LLC now owns 1,240 shares of the company’s stock worth $65,000 after buying an additional 664 shares during the period. SG Americas Securities LLC acquired a new position in shares of Hancock Whitney during the 1st quarter worth approximately $281,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of Hancock Whitney by 5.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 10,016 shares of the company’s stock worth $525,000 after buying an additional 484 shares during the period. State of Alaska Department of Revenue raised its stake in shares of Hancock Whitney by 2.7% during the 1st quarter. State of Alaska Department of Revenue now owns 10,085 shares of the company’s stock worth $528,000 after buying an additional 265 shares during the period. Finally, Blue Trust Inc. raised its stake in shares of Hancock Whitney by 15.4% during the 1st quarter. Blue Trust Inc. now owns 2,560 shares of the company’s stock worth $134,000 after buying an additional 341 shares during the period. 81.22% of the stock is owned by institutional investors and hedge funds.

Hancock Whitney Stock Up 1.4%

NASDAQ HWC opened at $55.27 on Monday. The business has a fifty day moving average price of $61.92 and a 200 day moving average price of $57.59. Hancock Whitney Corporation has a one year low of $43.90 and a one year high of $64.66. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market cap of $4.68 billion, a P/E ratio of 9.89 and a beta of 1.11.

Hancock Whitney (NASDAQ:HWC) last issued its 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. The company had revenue of $0.03 million during the quarter, compared to analysts’ expectations of $391.32 million. Hancock Whitney had a return on equity of 11.29% and a net margin of 23.99%.During the same period in the prior year, the business earned $1.33 EPS. Research analysts anticipate that Hancock Whitney Corporation will post 5.53 EPS for the current fiscal year.

Hancock Whitney Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, September 5th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 3.3%. The ex-dividend date was Friday, September 5th. Hancock Whitney’s dividend payout ratio is presently 32.20%.

Analyst Ratings Changes

HWC has been the subject of several research analyst reports. Raymond James Financial reduced their target price on Hancock Whitney from $73.00 to $72.00 and set a “strong-buy” rating for the company in a research note on Wednesday. Citigroup upped their target price on Hancock Whitney from $70.00 to $74.00 and gave the stock a “buy” rating in a research note on Tuesday, August 26th. DA Davidson upped their target price on Hancock Whitney from $65.00 to $67.00 and gave the stock a “buy” rating in a research note on Wednesday, July 16th. Keefe, Bruyette & Woods downgraded Hancock Whitney from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $62.00 to $63.00 in a research note on Friday, July 11th. Finally, Wall Street Zen downgraded Hancock Whitney from a “hold” rating to a “sell” rating in a research note on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $69.86.

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.