Summit Global Investments Has $1.08 Million Stake in Hancock Whitney Co. (NASDAQ:HWC)

Summit Global Investments decreased its position in Hancock Whitney Co. (NASDAQ:HWC) by 29.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,808 shares of the company’s stock after selling 8,424 shares during the quarter. Summit Global Investments’ holdings in Hancock Whitney were worth $1,084,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp raised its stake in shares of Hancock Whitney by 1.7% in the 3rd quarter. State Street Corp now owns 4,297,776 shares of the company’s stock valued at $219,917,000 after purchasing an additional 73,316 shares during the period. Geode Capital Management LLC grew its holdings in shares of Hancock Whitney by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,149,648 shares of the company’s stock valued at $110,016,000 after acquiring an additional 30,239 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Hancock Whitney by 0.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,898,504 shares of the company’s stock valued at $102,557,000 after acquiring an additional 12,172 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Hancock Whitney by 6.4% in 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 acquiring an additional 73,875 shares in the last quarter. Finally, Boston Partners grew its holdings in shares of Hancock Whitney by 4.6% in the 4th quarter. Boston Partners now owns 729,741 shares of the company’s stock valued at $40,533,000 after acquiring an additional 32,189 shares in the last quarter. Institutional investors and hedge funds own 81.22% of the company’s stock.

Hancock Whitney Trading Up 0.6 %

Shares of NASDAQ:HWC opened at $52.30 on Friday. Hancock Whitney Co. has a 12-month low of $41.56 and a 12-month high of $62.40. The stock has a market cap of $4.50 billion, a PE ratio of 9.91 and a beta of 1.24. The business has a 50 day moving average of $56.87 and a 200-day moving average of $55.26. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.05.

Hancock Whitney (NASDAQ:HWC) last released 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 net margin of 22.40% and a return on equity of 11.56%. During the same period in the prior year, the business earned $1.26 earnings per share. As a group, equities research analysts forecast that Hancock Whitney Co. will post 5.53 earnings per share for the current year.

Hancock Whitney Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Wednesday, March 5th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.44%. This is an increase from Hancock Whitney’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Wednesday, March 5th. Hancock Whitney’s payout ratio is presently 34.09%.

Wall Street Analysts Forecast Growth

HWC has been the subject of several analyst reports. Raymond James restated a “strong-buy” rating and issued a $72.00 price objective (up previously from $64.00) on shares of Hancock Whitney in a report on Wednesday, January 22nd. StockNews.com upgraded Hancock Whitney from a “sell” rating to a “hold” rating in a report on Monday, March 3rd. Stephens reiterated an “overweight” rating and set a $74.00 price target (up previously from $68.00) on shares of Hancock Whitney in a report on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods lifted their price target on Hancock Whitney from $60.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.56.

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.