Teachers Retirement System of The State of Kentucky Buys 14,211 Shares of Hancock Whitney Co. (NASDAQ:HWC)

Teachers Retirement System of The State of Kentucky grew its stake in Hancock Whitney Co. (NASDAQ:HWCFree Report) by 96.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,944 shares of the company’s stock after purchasing an additional 14,211 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Hancock Whitney were worth $1,071,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Deutsche Bank AG increased its stake in shares of Hancock Whitney by 4.2% in the 3rd quarter. Deutsche Bank AG now owns 122,077 shares of the company’s stock worth $4,516,000 after acquiring an additional 4,886 shares in the last quarter. Channing Capital Management LLC grew its position in Hancock Whitney by 16.0% during the 3rd quarter. Channing Capital Management LLC now owns 1,407,511 shares of the company’s stock valued at $52,064,000 after purchasing an additional 194,100 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Hancock Whitney by 7.8% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 41,609 shares of the company’s stock valued at $1,597,000 after purchasing an additional 3,013 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Hancock Whitney by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,039,436 shares of the company’s stock valued at $38,449,000 after purchasing an additional 14,625 shares during the last quarter. Finally, Rhumbline Advisers grew its position in Hancock Whitney by 3.6% during the 2nd quarter. Rhumbline Advisers now owns 314,265 shares of the company’s stock valued at $12,061,000 after purchasing an additional 10,925 shares during the last quarter. 84.45% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Hancock Whitney news, insider Christopher S. Ziluca sold 3,636 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $43.50, for a total transaction of $158,166.00. Following the sale, the insider now owns 35,285 shares in the company, valued at approximately $1,534,897.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Christopher S. Ziluca sold 3,636 shares of Hancock Whitney stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $43.50, for a total transaction of $158,166.00. Following the sale, the insider now owns 35,285 shares in the company, valued at $1,534,897.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Joseph S. Exnicios sold 9,857 shares of Hancock Whitney stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $47.15, for a total transaction of $464,757.55. Following the sale, the insider now owns 30,159 shares in the company, valued at approximately $1,421,996.85. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,225 shares of company stock worth $1,634,014. Company insiders own 1.00% of the company’s stock.

Hancock Whitney Price Performance

Shares of NASDAQ:HWC opened at $42.04 on Wednesday. The firm’s 50 day moving average price is $44.15 and its 200-day moving average price is $41.61. Hancock Whitney Co. has a twelve month low of $31.02 and a twelve month high of $49.65. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $3.64 billion, a PE ratio of 9.34 and a beta of 1.32.

Hancock Whitney (NASDAQ:HWCGet Free Report) last issued its quarterly earnings data on Tuesday, January 16th. The company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.07. Hancock Whitney had a net margin of 20.57% and a return on equity of 12.54%. The firm had revenue of $308.41 million for the quarter, compared to analysts’ expectations of $355.51 million. During the same quarter in the prior year, the business earned $1.65 EPS. Equities research analysts expect that Hancock Whitney Co. will post 4.78 EPS for the current year.

Hancock Whitney Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, March 5th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date was Monday, March 4th. Hancock Whitney’s payout ratio is 26.67%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on HWC shares. DA Davidson reissued a “buy” rating and set a $55.00 price objective on shares of Hancock Whitney in a research report on Tuesday, February 13th. Stephens dropped their price target on shares of Hancock Whitney from $55.00 to $50.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 17th. Raymond James raised their price target on shares of Hancock Whitney from $45.00 to $55.00 and gave the company an “outperform” rating in a report on Friday, January 5th. Citigroup initiated coverage on shares of Hancock Whitney in a report on Friday, December 1st. They set a “neutral” rating and a $45.00 price target on the stock. Finally, StockNews.com raised shares of Hancock Whitney from a “sell” rating to a “hold” rating in a report on Wednesday, March 13th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $48.88.

Check Out Our Latest Stock Report on HWC

Hancock Whitney Profile

(Free Report)

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.

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

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