Cetera Investment Advisers Sells 2,193 Shares of Hancock Whitney Co. (NASDAQ:HWC)

Cetera Investment Advisers cut its holdings in Hancock Whitney Co. (NASDAQ:HWC) by 3.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 57,443 shares of the company’s stock after selling 2,193 shares during the period. Cetera Investment Advisers owned approximately 0.07% of Hancock Whitney worth $2,747,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Retirement Systems of Alabama raised its position in shares of Hancock Whitney by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 108,183 shares of the company’s stock worth $4,981,000 after acquiring an additional 284 shares in the last quarter. AlphaMark Advisors LLC grew its stake in shares of Hancock Whitney by 5.7% in the 2nd quarter. AlphaMark Advisors LLC now owns 6,622 shares of the company’s stock valued at $317,000 after buying an additional 356 shares during the period. State of Michigan Retirement System grew its stake in shares of Hancock Whitney by 2.4% in the 1st quarter. State of Michigan Retirement System now owns 21,140 shares of the company’s stock valued at $973,000 after buying an additional 500 shares during the period. SG Americas Securities LLC grew its stake in shares of Hancock Whitney by 5.5% in the 2nd 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. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Hancock Whitney by 3.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,147 shares of the company’s stock valued at $868,000 after buying an additional 618 shares during the period. 81.22% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Hancock Whitney Price Performance

Shares of NASDAQ HWC opened at $52.50 on Friday. Hancock Whitney Co. has a twelve month low of $32.16 and a twelve month high of $57.78. The stock’s 50 day moving average price is $50.45 and its 200-day moving average price is $48.34. The company has a market capitalization of $4.53 billion, a PE ratio of 12.35 and a beta of 1.26. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.06.

Hancock Whitney (NASDAQ:HWC) last posted its quarterly earnings results on Tuesday, July 16th. The company reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.11. The company 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%. Hancock Whitney’s revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.35 EPS. On average, equities analysts anticipate that Hancock Whitney Co. will post 5.14 EPS for the current year.

Hancock Whitney Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Thursday, September 5th were issued a $0.40 dividend. The ex-dividend date was Thursday, September 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.05%. Hancock Whitney’s dividend payout ratio (DPR) is presently 37.65%.

Insider Buying and Selling

In related news, Director Frank E. Bertucci sold 2,053 shares of Hancock Whitney stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $57.03, for a total value of $117,082.59. Following the sale, the director now owns 22,554 shares of the company’s stock, valued at approximately $1,286,254.62. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by 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.