Hancock Whitney Co. (NASDAQ:HWC) Stake Decreased by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lessened its holdings in shares of Hancock Whitney Co. (NASDAQ:HWC) by 12.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,900 shares of the company’s stock after selling 696 shares during the period. Crossmark Global Holdings Inc.’s holdings in Hancock Whitney were worth $235,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Innealta Capital LLC bought a new stake in shares of Hancock Whitney during the second quarter valued at approximately $95,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Hancock Whitney by 3.5% during the second 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 last quarter. Arkadios Wealth Advisors bought a new stake in Hancock Whitney during the second quarter worth approximately $210,000. Bailard Inc. raised its holdings in Hancock Whitney by 9.7% during the second quarter. Bailard Inc. now owns 14,700 shares of the company’s stock worth $703,000 after purchasing an additional 1,300 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in Hancock Whitney by 28.4% during the second quarter. Nisa Investment Advisors LLC now owns 22,639 shares of the company’s stock worth $1,083,000 after purchasing an additional 5,009 shares in the last quarter. Institutional investors own 81.22% of the company’s stock.

Insiders Place Their Bets

In other Hancock Whitney 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 transaction of $117,082.59. Following the transaction, the director now directly owns 22,554 shares in the company, valued at approximately $1,286,254.62. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.10% of the company’s stock.

Hancock Whitney Trading Down 1.3 %

Hancock Whitney stock opened at $52.50 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market cap of $4.53 billion, a price-to-earnings ratio of 12.24 and a beta of 1.29. Hancock Whitney Co. has a 1 year low of $32.16 and a 1 year high of $57.78. The firm’s 50 day moving average price is $50.84 and its two-hundred day moving average price is $47.03.

Hancock Whitney (NASDAQ:HWC) last posted its quarterly earnings results on Tuesday, July 16th. The company reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.11. Hancock Whitney had a net margin of 18.63% and a return on equity of 11.51%. The firm had revenue of $359.60 million for the quarter, compared to analyst estimates of $359.11 million. During the same quarter in the previous year, the business posted $1.35 earnings per share. The firm’s quarterly revenue was up .7% compared to the same quarter last year. On average, research analysts predict that Hancock Whitney Co. will post 5.17 EPS for the current fiscal year.

Hancock Whitney Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Thursday, September 5th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend is Thursday, September 5th. Hancock Whitney’s payout ratio is 37.30%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Jefferies Financial Group dropped their target price on Hancock Whitney from $48.00 to $47.00 and set a “hold” rating on the stock in a report on Wednesday, July 3rd. Keefe, Bruyette & Woods boosted their target price on Hancock Whitney from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Wednesday, July 17th. Piper Sandler boosted their target price on Hancock Whitney from $52.00 to $62.00 and gave the stock an “overweight” rating in a report on Wednesday, July 17th. StockNews.com raised Hancock Whitney from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Finally, DA Davidson boosted their target price on Hancock Whitney from $57.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Four research analysts have rated the stock with a hold rating and six have given 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 target price of $56.78.

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.