Trust Point Inc. Purchases 573 Shares of Hancock Whitney Co. (NASDAQ:HWC)

Trust Point Inc. grew its stake in Hancock Whitney Co. (NASDAQ:HWC) by 9.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,578 shares of the company’s stock after acquiring an additional 573 shares during the quarter. Trust Point Inc.’s holdings in Hancock Whitney were worth $360,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Barclays PLC grew its position in shares of Hancock Whitney by 149.2% in the 3rd quarter. Barclays PLC now owns 321,196 shares of the company’s stock valued at $16,435,000 after purchasing an additional 192,295 shares during the period. Basswood Capital Management L.L.C. grew its position in shares of Hancock Whitney by 36.8% in the 3rd quarter. Basswood Capital Management L.L.C. now owns 607,239 shares of the company’s stock valued at $31,072,000 after purchasing an additional 163,438 shares during the period. JPMorgan Chase & Co. grew its position in shares of Hancock Whitney by 21.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 551,636 shares of the company’s stock valued at $28,227,000 after purchasing an additional 96,092 shares during the period. State Street Corp grew its position in shares of Hancock Whitney by 1.7% in the 3rd quarter. State Street Corp now owns 4,297,776 shares of the company’s stock valued at $219,917,000 after purchasing an additional 73,316 shares during the period. Finally, Segall Bryant & Hamill LLC grew its position in shares of Hancock Whitney by 8.8% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 692,387 shares of the company’s stock valued at $35,429,000 after purchasing an additional 55,869 shares during the period. 81.22% of the stock is owned by institutional investors.

Hancock Whitney Trading Up 0.7 %

Shares of Hancock Whitney stock opened at $60.52 on Thursday. Hancock Whitney Co. has a 12-month low of $41.19 and a 12-month high of $62.40. The stock has a market cap of $5.21 billion, a P/E ratio of 11.46 and a beta of 1.27. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.05. The business’s 50 day moving average is $57.45 and its 200-day moving average is $54.36.

Hancock Whitney (NASDAQ:HWC) last posted its quarterly earnings results on Tuesday, January 21st. The company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates 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 period in the previous year, the firm posted $1.26 EPS. Equities research analysts predict that Hancock Whitney Co. will post 5.39 earnings per share for the current fiscal year.

Hancock Whitney Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Wednesday, March 5th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date is Wednesday, March 5th. This is a boost from Hancock Whitney’s previous quarterly dividend of $0.40. Hancock Whitney’s dividend payout ratio is 30.30%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. StockNews.com lowered Hancock Whitney from a “hold” rating to a “sell” rating in a research report on Thursday, January 23rd. Stephens reaffirmed an “overweight” rating and set a $74.00 price target (up previously from $68.00) on shares of Hancock Whitney in a research report on Wednesday, January 22nd. Raymond James reaffirmed a “strong-buy” rating and set a $72.00 price target (up previously from $64.00) on shares of Hancock Whitney in a research report on Wednesday, January 22nd. DA Davidson upped their price target on Hancock Whitney from $62.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Finally, Keefe, Bruyette & Woods upped their price target on Hancock Whitney from $60.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $62.56.

Hancock Whitney Company 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.