Federated Hermes Inc. Purchases 1,946 Shares of Hancock Whitney Co. (NASDAQ:HWC)

Federated Hermes Inc. boosted its position in Hancock Whitney Co. (NASDAQ:HWC) by 4.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 43,566 shares of the company’s stock after acquiring an additional 1,946 shares during the quarter. Federated Hermes Inc.’s holdings in Hancock Whitney were worth $2,384,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of HWC. Vanguard Group Inc. increased its position in Hancock Whitney by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 10,097,563 shares of the company’s stock worth $552,539,000 after buying an additional 181,706 shares during the period. Geode Capital Management LLC grew its stake in shares of Hancock Whitney by 1.4% in the third quarter. Geode Capital Management LLC now owns 2,149,648 shares of the company’s stock worth $110,016,000 after acquiring an additional 30,239 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in Hancock Whitney by 0.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,898,504 shares of the company’s stock worth $102,557,000 after acquiring an additional 12,172 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Hancock Whitney by 6.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,228,710 shares of the company’s stock valued at $67,235,000 after purchasing an additional 73,875 shares during the last quarter. Finally, Norges Bank bought a new stake in Hancock Whitney in the 4th quarter valued at $54,605,000. Institutional investors own 81.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Hancock Whitney from a “sell” rating to a “hold” rating in a report on Monday, March 3rd. Stephens restated an “overweight” rating and set a $74.00 price target (up from $68.00) on shares of Hancock Whitney in a research note on Wednesday, January 22nd. Finally, Raymond James reaffirmed a “strong-buy” rating and issued a $72.00 price target (up previously from $64.00) on shares of Hancock Whitney in a report on Wednesday, January 22nd. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $62.56.

Hancock Whitney Trading Down 0.0 %

HWC stock opened at $46.61 on Monday. Hancock Whitney Co. has a 1-year low of $41.56 and a 1-year high of $62.40. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.05. The business’s 50 day moving average is $53.77 and its 200-day moving average is $55.20. The firm has a market cap of $4.01 billion, a P/E ratio of 8.83 and a beta of 0.99.

Hancock Whitney (NASDAQ:HWC) last announced its quarterly earnings results on Tuesday, January 21st. The company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.12. Hancock Whitney had a return on equity of 11.56% and a net margin of 22.40%. During the same period in the previous year, the business earned $1.26 EPS. Equities analysts anticipate that Hancock Whitney Co. will post 5.53 earnings per share for the current fiscal year.

Hancock Whitney Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Wednesday, March 5th were given a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This is a positive change from Hancock Whitney’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 3.86%. Hancock Whitney’s payout ratio is 34.09%.

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.