Hancock Whitney Corporation $HWC Holdings Trimmed by Chickasaw Capital Management LLC

Chickasaw Capital Management LLC lowered its position in shares of Hancock Whitney Corporation (NASDAQ:HWC) by 2.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,020 shares of the company’s stock after selling 793 shares during the quarter. Chickasaw Capital Management LLC’s holdings in Hancock Whitney were worth $1,895,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Principal Financial Group Inc. boosted its stake in Hancock Whitney by 1.0% during the first quarter. Principal Financial Group Inc. now owns 199,532 shares of the company’s stock valued at $10,465,000 after buying an additional 1,882 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Hancock Whitney by 5.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 10,016 shares of the company’s stock valued at $525,000 after purchasing an additional 484 shares during the period. Nomura Holdings Inc. acquired a new position in shares of Hancock Whitney in the 4th quarter valued at $624,000. SG Americas Securities LLC acquired a new position in shares of Hancock Whitney in the 1st quarter valued at $281,000. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Hancock Whitney by 6.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,027,364 shares of the company’s stock valued at $105,139,000 after purchasing an additional 128,860 shares during the period. Institutional investors own 81.22% of the company’s stock.

Hancock Whitney Stock Up 0.8%

Shares of HWC stock opened at $63.12 on Thursday. The stock’s 50 day simple moving average is $61.09 and its 200 day simple moving average is $56.09. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.81 and a current ratio of 0.81. Hancock Whitney Corporation has a twelve month low of $43.90 and a twelve month high of $64.66. The company has a market capitalization of $5.35 billion, a price-to-earnings ratio of 11.62 and a beta of 1.13.

Hancock Whitney (NASDAQ:HWC) last issued its quarterly earnings data on Tuesday, July 15th. The company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.01. Hancock Whitney had a return on equity of 11.21% and a net margin of 23.28%.The business had revenue of $377.98 million for the quarter, compared to the consensus estimate of $375.99 million. During the same period last year, the business earned $1.31 EPS. As a group, research analysts predict that Hancock Whitney Corporation will post 5.53 EPS for the current year.

Hancock Whitney Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, September 5th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, September 5th. Hancock Whitney’s dividend payout ratio (DPR) is presently 33.15%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on HWC shares. Piper Sandler increased their price target on Hancock Whitney from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Wednesday, July 16th. Keefe, Bruyette & Woods lowered Hancock Whitney from an “outperform” rating to a “market perform” rating and increased their price target for the company from $62.00 to $63.00 in a research report on Friday, July 11th. Citigroup increased their price target on Hancock Whitney from $70.00 to $74.00 and gave the company a “buy” rating in a research report on Tuesday, August 26th. DA Davidson increased their price target on Hancock Whitney from $65.00 to $67.00 and gave the company a “buy” rating in a research report on Wednesday, July 16th. Finally, Wall Street Zen downgraded Hancock Whitney from a “hold” rating to a “sell” rating in a research note on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $68.25.

About Hancock Whitney

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.