Profund Advisors LLC Has $324,000 Stake in Hancock Whitney Co. (NASDAQ:HWC)

Profund Advisors LLC lowered its holdings in Hancock Whitney Co. (NASDAQ:HWC) by 6.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,774 shares of the company’s stock after selling 481 shares during the quarter. Profund Advisors LLC’s holdings in Hancock Whitney were worth $324,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in HWC. Vanguard Group Inc. raised its holdings in shares of Hancock Whitney by 0.4% in the first quarter. Vanguard Group Inc. now owns 9,226,780 shares of the company’s stock valued at $424,801,000 after buying an additional 34,152 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Hancock Whitney by 3.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,980,204 shares of the company’s stock valued at $238,197,000 after acquiring an additional 167,304 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Hancock Whitney by 20.4% in the second quarter. American Century Companies Inc. now owns 1,401,113 shares of the company’s stock worth $67,015,000 after acquiring an additional 237,526 shares during the last quarter. Hancock Whitney Corp lifted its position in shares of Hancock Whitney by 30.9% during the second quarter. Hancock Whitney Corp now owns 1,069,223 shares of the company’s stock worth $51,141,000 after purchasing an additional 252,473 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Hancock Whitney during the fourth quarter valued at approximately $46,846,000. Institutional investors own 81.22% of the company’s stock.

Hancock Whitney Stock Performance

Shares of NASDAQ:HWC opened at $51.30 on Friday. Hancock Whitney Co. has a fifty-two week low of $32.16 and a fifty-two week high of $57.78. The company has a market capitalization of $4.43 billion, a price-to-earnings ratio of 11.96 and a beta of 1.26. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.81 and a quick ratio of 0.81. The firm’s 50 day simple moving average is $51.40 and its 200 day simple moving average is $47.74.

Hancock Whitney (NASDAQ:HWC) last posted its quarterly earnings data on Tuesday, July 16th. The company reported $1.31 EPS for the quarter, beating the consensus estimate of $1.20 by $0.11. The business had revenue of $359.60 million for the quarter, compared to analysts’ expectations of $359.11 million. Hancock Whitney had a net margin of 18.63% and a return on equity of 11.51%. The firm’s revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.35 EPS. As a group, sell-side analysts forecast that Hancock Whitney Co. will post 5.16 earnings per share for the current year.

Hancock Whitney Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Thursday, September 5th were paid a $0.40 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $1.60 dividend on an annualized basis and a yield of 3.12%. Hancock Whitney’s dividend payout ratio is 37.30%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on HWC shares. Keefe, Bruyette & Woods boosted their price objective on shares of Hancock Whitney from $55.00 to $60.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 17th. Jefferies Financial Group cut their price target on Hancock Whitney from $48.00 to $47.00 and set a “hold” rating on the stock in a research note on Wednesday, July 3rd. DA Davidson lifted their price objective on Hancock Whitney from $57.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Piper Sandler upped their target price on shares of Hancock Whitney from $52.00 to $62.00 and gave the company an “overweight” rating in a research report on Wednesday, July 17th. Finally, Truist Financial reduced their target price on shares of Hancock Whitney from $57.00 to $56.00 and set a “hold” rating on the stock in a research note on Friday, September 20th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.67.

Insider Activity

In other Hancock Whitney news, Director Frank E. Bertucci sold 2,053 shares of the company’s stock in a transaction on 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 Securities & Exchange Commission, which is accessible through this hyperlink. 1.10% of the stock is currently owned by insiders.

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.