Mitchell Mcleod Pugh & Williams Inc. Makes New $231,000 Investment in Hancock Whitney Co. (NASDAQ:HWC)

Mitchell Mcleod Pugh & Williams Inc. acquired a new stake in Hancock Whitney Co. (NASDAQ:HWC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,752 shares of the company’s stock, valued at approximately $231,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of HWC. Fuller & Thaler Asset Management Inc. raised its holdings in shares of Hancock Whitney by 3.4% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 3,298,200 shares of the company’s stock valued at $122,000,000 after purchasing an additional 109,016 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Hancock Whitney by 7.0% during the 3rd quarter. Wellington Management Group LLP now owns 2,184,960 shares of the company’s stock worth $80,822,000 after buying an additional 142,465 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Hancock Whitney by 7.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,102,052 shares of the company’s stock worth $77,755,000 after acquiring an additional 148,542 shares in the last quarter. Channing Capital Management LLC increased its holdings in shares of Hancock Whitney by 16.0% in the 3rd quarter. Channing Capital Management LLC now owns 1,407,511 shares of the company’s stock valued at $52,064,000 after acquiring an additional 194,100 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Hancock Whitney by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,039,436 shares of the company’s stock worth $38,449,000 after acquiring an additional 14,625 shares in the last quarter. 81.22% of the stock is owned by institutional investors and hedge funds.

Hancock Whitney Price Performance

Hancock Whitney stock opened at $46.55 on Tuesday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.06. The firm’s 50-day simple moving average is $43.89 and its 200 day simple moving average is $43.06. Hancock Whitney Co. has a 52 week low of $31.02 and a 52 week high of $49.65. The firm has a market capitalization of $4.03 billion, a PE ratio of 10.85 and a beta of 1.33.

Hancock Whitney Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Wednesday, June 5th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.44%. This is a boost from Hancock Whitney’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Wednesday, June 5th. Hancock Whitney’s payout ratio is 27.97%.

Insider Activity

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on HWC shares. StockNews.com lowered shares of Hancock Whitney from a “hold” rating to a “sell” rating in a research note on Sunday, March 31st. Citigroup upgraded Hancock Whitney from a “neutral” rating to a “buy” rating and raised their price target for the stock from $48.00 to $50.00 in a research note on Wednesday, April 17th. DA Davidson boosted their price objective on Hancock Whitney from $55.00 to $57.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Piper Sandler restated an “overweight” rating and set a $52.00 target price (down from $55.00) on shares of Hancock Whitney in a research report on Wednesday, April 17th. Finally, Stephens reiterated an “equal weight” rating and set a $50.00 price target on shares of Hancock Whitney in a research note on Wednesday, April 17th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $50.71.

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.