Foundry Partners LLC Has $6.17 Million Holdings in Hancock Whitney Co. (NASDAQ:HWC)

Foundry Partners LLC lifted its holdings in Hancock Whitney Co. (NASDAQ:HWC) by 14.2% during the 2nd quarter, HoldingsChannel reports. The fund owned 160,852 shares of the company’s stock after acquiring an additional 20,050 shares during the quarter. Foundry Partners LLC’s holdings in Hancock Whitney were worth $6,174,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Pathstone Family Office LLC grew its stake in Hancock Whitney by 1.9% during the third quarter. Pathstone Family Office LLC now owns 13,613 shares of the company’s stock worth $624,000 after buying an additional 256 shares in the last quarter. Ziegler Capital Management LLC grew its stake in Hancock Whitney by 1.1% during the first quarter. Ziegler Capital Management LLC now owns 28,010 shares of the company’s stock worth $1,020,000 after buying an additional 315 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in Hancock Whitney by 51.6% during the first quarter. Parkside Financial Bank & Trust now owns 937 shares of the company’s stock worth $34,000 after buying an additional 319 shares in the last quarter. Captrust Financial Advisors grew its stake in Hancock Whitney by 4.4% during the fourth quarter. Captrust Financial Advisors now owns 7,719 shares of the company’s stock worth $374,000 after buying an additional 322 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in Hancock Whitney by 12.4% during the first quarter. PNC Financial Services Group Inc. now owns 2,980 shares of the company’s stock worth $154,000 after buying an additional 329 shares in the last quarter. 84.45% of the stock is currently owned by institutional investors and hedge funds.

Hancock Whitney Stock Up 1.3 %

Shares of NASDAQ HWC opened at $38.81 on Tuesday. The company has a 50 day simple moving average of $41.75 and a 200 day simple moving average of $39.24. The firm has a market cap of $3.34 billion, a PE ratio of 6.47 and a beta of 1.32. Hancock Whitney Co. has a 1 year low of $31.02 and a 1 year high of $57.00. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.79 and a quick ratio of 0.78.

Hancock Whitney (NASDAQ:HWC) last issued its quarterly earnings data on Tuesday, July 18th. The company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.01. The business had revenue of $359.97 million during the quarter, compared to analyst estimates of $364.50 million. Hancock Whitney had a net margin of 29.92% and a return on equity of 15.39%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the business earned $1.38 EPS. On average, research analysts forecast that Hancock Whitney Co. will post 5.19 EPS for the current year.

Hancock Whitney Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Tuesday, September 5th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, September 1st. This represents a $1.20 annualized dividend and a yield of 3.09%. Hancock Whitney’s payout ratio is 20.00%.

Insiders Place Their Bets

In other Hancock Whitney news, Director Carleton Richard Wilkins sold 1,110 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $42.86, for a total transaction of $47,574.60. Following the completion of the transaction, the director now owns 14,657 shares in the company, valued at approximately $628,199.02. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Carleton Richard Wilkins sold 1,110 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $42.86, for a total transaction of $47,574.60. Following the completion of the sale, the director now owns 14,657 shares of the company’s stock, valued at approximately $628,199.02. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Michael M. Achary sold 12,185 shares of the firm’s stock in a transaction that occurred on Friday, July 21st. The stock was sold at an average price of $42.11, for a total transaction of $513,110.35. Following the sale, the chief financial officer now directly owns 39,948 shares of the company’s stock, valued at approximately $1,682,210.28. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,704 shares of company stock worth $1,678,019. 1.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

HWC has been the topic of a number of analyst reports. StockNews.com upgraded shares of Hancock Whitney from a “sell” rating to a “hold” rating in a research note on Thursday, September 7th. Truist Financial increased their target price on shares of Hancock Whitney from $43.00 to $47.00 and gave the stock a “buy” rating in a report on Wednesday, July 19th. Stephens increased their target price on shares of Hancock Whitney from $43.00 to $47.00 in a report on Wednesday, July 19th. Piper Sandler raised shares of Hancock Whitney from a “neutral” rating to an “overweight” rating in a report on Monday. Finally, Raymond James cut shares of Hancock Whitney from a “strong-buy” rating to an “outperform” rating and increased their target price for the stock from $45.00 to $46.00 in a report on Wednesday, July 19th. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Hancock Whitney currently has an average rating of “Moderate Buy” and a consensus target price of $45.56.

About Hancock Whitney

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 checking and saving accounts including currency exchange and overdraft services; and range of loan products, which includes credit personal and home equity, construction, and term loans, mortgage facilities, credit cards, equipment finance, line of credit, leasing, commercial loan programs, asset based lending services, derivatives, and equipment and litigation finance, as well as new markets tax credit investment including bridge finance.