Wedge Capital Management L L P NC Has $4.85 Million Stock Position in Hancock Whitney Co. (NASDAQ:HWC)

Wedge Capital Management L L P NC reduced its stake in shares of Hancock Whitney Co. (NASDAQ:HWC) by 0.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,873 shares of the company’s stock after selling 237 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Hancock Whitney were worth $4,853,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Knights of Columbus Asset Advisors LLC boosted its stake in Hancock Whitney by 131.8% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 137,026 shares of the company’s stock valued at $6,658,000 after acquiring an additional 77,904 shares during the last quarter. Federated Hermes Inc. grew its stake in shares of Hancock Whitney by 15.1% during the fourth quarter. Federated Hermes Inc. now owns 31,470 shares of the company’s stock worth $1,529,000 after purchasing an additional 4,125 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Hancock Whitney by 22.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,591 shares of the company’s stock valued at $903,000 after purchasing an additional 3,420 shares during the last quarter. Mackenzie Financial Corp acquired a new position in Hancock Whitney in the fourth quarter valued at about $271,000. Finally, Louisiana State Employees Retirement System bought a new position in Hancock Whitney during the fourth quarter worth about $1,176,000. Institutional investors and hedge funds own 81.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on HWC shares. StockNews.com lowered Hancock Whitney from a “hold” rating to a “sell” rating in a research report on Sunday, March 31st. Piper Sandler reissued an “overweight” rating and set a $52.00 price target (down from $55.00) on shares of Hancock Whitney in a research report on Wednesday, April 17th. Jefferies Financial Group reduced their target price on Hancock Whitney from $51.00 to $45.00 and set a “hold” rating on the stock in a report on Monday, April 8th. Truist Financial lowered their price target on Hancock Whitney from $50.00 to $46.00 and set a “hold” rating for the company in a report on Wednesday, April 17th. Finally, 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 report on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $50.71.

Hancock Whitney Stock Up 1.0 %

Shares of Hancock Whitney stock opened at $46.47 on Thursday. Hancock Whitney Co. has a 52-week low of $31.02 and a 52-week high of $49.65. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.79 and a current ratio of 0.79. The business’s 50 day simple moving average is $43.75 and its 200 day simple moving average is $42.77. The firm has a market cap of $4.02 billion, a PE ratio of 10.83 and a beta of 1.33.

Hancock Whitney Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, March 5th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend was Monday, March 4th. Hancock Whitney’s dividend payout ratio is presently 27.97%.

Insider Buying and Selling

In other news, insider Christopher S. Ziluca sold 3,636 shares of the 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 transaction, the insider now directly owns 35,285 shares in the company, valued at approximately $1,534,897.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.10% of the stock is currently owned by corporate insiders.

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.