Great Lakes Advisors LLC Sells 17,075 Shares of Hancock Whitney Co. (NASDAQ:HWC)

Great Lakes Advisors LLC trimmed its holdings in shares of Hancock Whitney Co. (NASDAQ:HWC) by 4.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 387,690 shares of the company’s stock after selling 17,075 shares during the quarter. Great Lakes Advisors LLC owned 0.45% of Hancock Whitney worth $18,543,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Retirement Systems of Alabama boosted its holdings in Hancock Whitney by 0.3% in the first quarter. Retirement Systems of Alabama now owns 108,183 shares of the company’s stock valued at $4,981,000 after acquiring an additional 284 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Hancock Whitney by 35.2% in the 4th quarter. Quadrant Capital Group LLC now owns 1,260 shares of the company’s stock valued at $61,000 after purchasing an additional 328 shares during the last quarter. AlphaMark Advisors LLC increased its position in shares of Hancock Whitney by 5.7% during the second quarter. AlphaMark Advisors LLC now owns 6,622 shares of the company’s stock worth $317,000 after buying an additional 356 shares during the period. State of Michigan Retirement System raised its stake in Hancock Whitney by 2.4% during the first quarter. State of Michigan Retirement System now owns 21,140 shares of the company’s stock worth $973,000 after buying an additional 500 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in Hancock Whitney by 5.5% in the second quarter. SG Americas Securities LLC now owns 10,865 shares of the company’s stock valued at $520,000 after buying an additional 568 shares during the period. Institutional investors and hedge funds own 81.22% of the company’s stock.

Hancock Whitney Stock Performance

HWC stock opened at $49.98 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.06. The firm has a market cap of $4.33 billion, a PE ratio of 11.65 and a beta of 1.26. The business has a 50 day moving average of $50.98 and a 200-day moving average of $47.13. Hancock Whitney Co. has a 12-month low of $32.16 and a 12-month high of $57.78.

Hancock Whitney (NASDAQ:HWC) last issued its quarterly earnings results on Tuesday, July 16th. The company reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.11. Hancock Whitney had a net margin of 18.63% and a return on equity of 11.51%. The company had revenue of $359.60 million for the quarter, compared to the consensus estimate of $359.11 million. During the same period in the previous year, the firm earned $1.35 EPS. The firm’s quarterly revenue was up .7% on a year-over-year basis. As a group, sell-side analysts expect that Hancock Whitney Co. will post 5.17 earnings per share for the current year.

Hancock Whitney Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Thursday, September 5th will be paid a $0.40 dividend. The ex-dividend date is Thursday, September 5th. This represents a $1.60 annualized dividend and a dividend yield of 3.20%. Hancock Whitney’s payout ratio is presently 37.30%.

Analyst Ratings Changes

HWC has been the subject of a number of research analyst reports. Jefferies Financial Group lowered their target price on Hancock Whitney from $48.00 to $47.00 and set a “hold” rating for the company in a report on Wednesday, July 3rd. Hovde Group lifted their price objective on shares of Hancock Whitney from $55.00 to $62.00 and gave the company an “outperform” rating in a research note on Wednesday, July 17th. Keefe, Bruyette & Woods increased their target price on shares of Hancock Whitney from $55.00 to $60.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 17th. Piper Sandler lifted their price target on shares of Hancock Whitney from $52.00 to $62.00 and gave the company an “overweight” rating in a research note on Wednesday, July 17th. Finally, Truist Financial increased their price objective on shares of Hancock Whitney from $49.00 to $57.00 and gave the stock a “hold” rating in a research report on Wednesday, July 17th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $56.78.

Insider Activity

In other Hancock Whitney news, Director Frank E. Bertucci sold 2,053 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $57.03, for a total transaction of $117,082.59. Following the sale, the director now directly owns 22,554 shares of the company’s stock, valued at $1,286,254.62. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.10% of the company’s stock.

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.