Sei Investments Co. Has $5.84 Million Stock Holdings in Hancock Whitney Co. (NASDAQ:HWC)

Sei Investments Co. boosted its position in Hancock Whitney Co. (NASDAQ:HWC) by 4.8% during the second quarter, Holdings Channel reports. The institutional investor owned 122,105 shares of the company’s stock after purchasing an additional 5,547 shares during the quarter. Sei Investments Co.’s holdings in Hancock Whitney were worth $5,840,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Retirement Systems of Alabama increased its position in shares of Hancock Whitney by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 108,183 shares of the company’s stock worth $4,981,000 after purchasing an additional 284 shares during the last quarter. AlphaMark Advisors LLC increased its position in shares of Hancock Whitney by 5.7% during the 2nd quarter. AlphaMark Advisors LLC now owns 6,622 shares of the company’s stock worth $317,000 after purchasing an additional 356 shares during the last quarter. State of Michigan Retirement System increased its position in shares of Hancock Whitney by 2.4% during the 1st quarter. State of Michigan Retirement System now owns 21,140 shares of the company’s stock worth $973,000 after purchasing an additional 500 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Hancock Whitney by 5.5% during the 2nd quarter. SG Americas Securities LLC now owns 10,865 shares of the company’s stock worth $520,000 after purchasing an additional 568 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Hancock Whitney by 3.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,147 shares of the company’s stock worth $868,000 after purchasing an additional 618 shares during the last quarter. Institutional investors and hedge funds own 81.22% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on HWC shares. Hovde Group boosted their price target on Hancock Whitney from $55.00 to $62.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 17th. Jefferies Financial Group lowered their price target on Hancock Whitney from $48.00 to $47.00 and set a “hold” rating on the stock in a research report on Wednesday, July 3rd. Truist Financial reduced their target price 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. Keefe, Bruyette & Woods lifted their target price on Hancock Whitney from $55.00 to $60.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 17th. Finally, Piper Sandler lifted their target price on Hancock Whitney from $52.00 to $62.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 17th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $56.67.

Hancock Whitney Stock Performance

Shares of NASDAQ HWC opened at $51.17 on Tuesday. The stock has a 50 day moving average of $51.21 and a 200-day moving average of $47.93. The company has a market capitalization of $4.43 billion, a P/E ratio of 11.93 and a beta of 1.26. Hancock Whitney Co. has a 12 month low of $32.16 and a 12 month high of $57.78. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.06.

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

Hancock Whitney Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors 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 annualized dividend and a yield of 3.13%. Hancock Whitney’s dividend payout ratio (DPR) is presently 37.30%.

Insider Activity at Hancock Whitney

In related news, Director Frank E. Bertucci sold 2,053 shares of the business’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $57.03, for a total value of $117,082.59. Following the completion of the sale, 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 Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

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.