Hancock Whitney Co. (NASDAQ:HWC) Shares Sold by Foundry Partners LLC

Foundry Partners LLC trimmed its holdings in shares of Hancock Whitney Co. (NASDAQ:HWC) by 5.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 496,434 shares of the company’s stock after selling 31,089 shares during the period. Hancock Whitney comprises 0.8% of Foundry Partners LLC’s investment portfolio, making the stock its 26th largest position. Foundry Partners LLC owned 0.57% of Hancock Whitney worth $23,392,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Walleye Capital LLC lifted its position in shares of Hancock Whitney by 355.5% during the second quarter. Walleye Capital LLC now owns 56,357 shares of the company’s stock worth $2,505,000 after purchasing an additional 43,984 shares in the last quarter. Brandywine Global Investment Management LLC grew its position in shares of Hancock Whitney by 22.5% during the second quarter. Brandywine Global Investment Management LLC now owns 112,946 shares of the company’s stock worth $5,019,000 after acquiring an additional 20,710 shares during the last quarter. UBS Asset Management Americas Inc. grew its position in shares of Hancock Whitney by 6.5% during the second quarter. UBS Asset Management Americas Inc. now owns 120,016 shares of the company’s stock worth $5,334,000 after acquiring an additional 7,282 shares during the last quarter. Schonfeld Strategic Advisors LLC lifted its holdings in Hancock Whitney by 1,536.2% in the second quarter. Schonfeld Strategic Advisors LLC now owns 388,131 shares of the company’s stock worth $17,249,000 after purchasing an additional 364,409 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Hancock Whitney by 0.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 966,273 shares of the company’s stock valued at $42,942,000 after acquiring an additional 7,239 shares during the last quarter. 76.80% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have recently weighed in on HWC shares. Zacks Investment Research upgraded Hancock Whitney from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a report on Thursday, October 21st. Keefe, Bruyette & Woods upgraded Hancock Whitney from a “market perform” rating to an “outperform” rating and set a $55.00 price objective on the stock in a report on Tuesday, September 7th. Truist increased their price objective on Hancock Whitney from $45.00 to $50.00 and gave the stock a “hold” rating in a report on Thursday, October 21st. Finally, Raymond James increased their price objective on Hancock Whitney from $54.00 to $60.00 and gave the stock a “strong-buy” rating in a report on Wednesday, October 20th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $52.20.

Shares of HWC stock opened at $52.62 on Friday. Hancock Whitney Co. has a 12 month low of $28.00 and a 12 month high of $53.61. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.07. The business’s 50 day moving average is $48.51 and its two-hundred day moving average is $46.90. The company has a market cap of $4.57 billion, a PE ratio of 10.87 and a beta of 1.62.

Hancock Whitney (NASDAQ:HWC) last announced its quarterly earnings results on Monday, October 18th. The company reported $1.46 EPS for the quarter, beating the consensus estimate of $1.29 by $0.17. Hancock Whitney had a return on equity of 12.59% and a net margin of 31.60%. The company had revenue of $330.84 million for the quarter, compared to the consensus estimate of $322.77 million. During the same quarter last year, the company posted $0.90 earnings per share. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, equities analysts expect that Hancock Whitney Co. will post 5.37 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 15th. Stockholders of record on Monday, December 6th will be given a $0.27 dividend. The ex-dividend date of this dividend is Friday, December 3rd. This represents a $1.08 annualized dividend and a dividend yield of 2.05%. Hancock Whitney’s dividend payout ratio is 22.31%.

About Hancock Whitney

Hancock Whitney Corp. operates as a bank holding company, which engages in the provision of financial services. It also offers trust and investment management services to retirement plans, corporations, individuals, brokerage services, annuity products, life insurance, general insurance and agency services, including life, title insurance and consumer financing service.

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Institutional Ownership by Quarter for Hancock Whitney (NASDAQ:HWC)