Savant Capital LLC Has $342,000 Position in Hancock Whitney Corporation $HWC

Savant Capital LLC lowered its stake in shares of Hancock Whitney Corporation (NASDAQ:HWCFree Report) by 79.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,377 shares of the company’s stock after selling 20,546 shares during the period. Savant Capital LLC’s holdings in Hancock Whitney were worth $342,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. lifted its stake in Hancock Whitney by 44.4% during the third quarter. Principal Financial Group Inc. now owns 283,722 shares of the company’s stock valued at $17,764,000 after purchasing an additional 87,227 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new position in shares of Hancock Whitney in the 3rd quarter valued at $1,169,000. Fisher Asset Management LLC boosted its position in shares of Hancock Whitney by 26.2% in the 3rd quarter. Fisher Asset Management LLC now owns 348,993 shares of the company’s stock valued at $21,850,000 after purchasing an additional 72,433 shares during the period. Bessemer Group Inc. boosted its position in shares of Hancock Whitney by 126,754.3% in the 3rd quarter. Bessemer Group Inc. now owns 457,944 shares of the company’s stock valued at $28,671,000 after purchasing an additional 457,583 shares during the period. Finally, Murphy Middleton Hinkle & Parker Inc. acquired a new position in shares of Hancock Whitney in the 4th quarter valued at $1,094,000. Institutional investors and hedge funds own 81.22% of the company’s stock.

Insider Buying and Selling at Hancock Whitney

In other news, Director Christine L. Pickering sold 417 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $67.16, for a total transaction of $28,005.72. Following the completion of the sale, the director directly owned 25,066 shares of the company’s stock, valued at $1,683,432.56. This trade represents a 1.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.92% of the stock is owned by company insiders.

Hancock Whitney Trading Up 0.3%

Shares of NASDAQ HWC opened at $69.38 on Friday. Hancock Whitney Corporation has a one year low of $52.93 and a one year high of $75.43. The firm has a market capitalization of $5.63 billion, a PE ratio of 14.25 and a beta of 0.95. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.04. The business has a 50-day moving average price of $66.79 and a two-hundred day moving average price of $66.10.

Hancock Whitney (NASDAQ:HWCGet Free Report) last announced its quarterly earnings data on Tuesday, April 21st. The company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.48 by $0.04. Hancock Whitney had a return on equity of 11.20% and a net margin of 21.34%.The firm had revenue of $393.64 million during the quarter, compared to analyst estimates of $400.01 million. During the same period last year, the company posted $1.38 EPS. The business’s quarterly revenue was down 19.7% compared to the same quarter last year. As a group, analysts predict that Hancock Whitney Corporation will post 6.47 earnings per share for the current fiscal year.

Hancock Whitney Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, June 5th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.9%. Hancock Whitney’s dividend payout ratio (DPR) is 41.07%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on HWC. DA Davidson increased their price target on Hancock Whitney from $79.00 to $86.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Weiss Ratings lowered Hancock Whitney from a “buy (b)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Zacks Research lowered Hancock Whitney from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 23rd. Citigroup increased their price target on Hancock Whitney from $78.00 to $81.00 and gave the company a “buy” rating in a research report on Tuesday, February 24th. Finally, Piper Sandler increased their price target on Hancock Whitney from $80.00 to $82.00 and gave the company an “overweight” rating in a research report on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $78.14.

View Our Latest Stock Report on Hancock Whitney

Hancock Whitney Company Profile

(Free Report)

Hancock Whitney Corporation (NASDAQ: HWC) is a regional financial services company headquartered in Gulfport, Mississippi. The firm was established in April 2019 through the merger of Hancock Holding Company and Whitney Holding Corporation, each of which traced its roots to the late 19th century. This combination created one of the largest bank holding companies in the Gulf South region, with a network of branches serving both urban and rural communities.

The company’s core business activities include commercial banking, retail banking and wealth management services.

See Also

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

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