Trust Point Inc. Has $360,000 Stock Position in Hancock Whitney Co. (NASDAQ:HWC)

Trust Point Inc. boosted its position in shares of Hancock Whitney Co. (NASDAQ:HWC) by 9.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,578 shares of the company’s stock after purchasing an additional 573 shares during the period. Trust Point Inc.’s holdings in Hancock Whitney were worth $360,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of HWC. Barclays PLC boosted its position in Hancock Whitney by 149.2% during the third quarter. Barclays PLC now owns 321,196 shares of the company’s stock valued at $16,435,000 after purchasing an additional 192,295 shares during the last quarter. Basswood Capital Management L.L.C. boosted its position in Hancock Whitney by 36.8% during the third quarter. Basswood Capital Management L.L.C. now owns 607,239 shares of the company’s stock valued at $31,072,000 after purchasing an additional 163,438 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Hancock Whitney by 21.1% during the third quarter. JPMorgan Chase & Co. now owns 551,636 shares of the company’s stock valued at $28,227,000 after purchasing an additional 96,092 shares during the last quarter. State Street Corp boosted its position in Hancock Whitney by 1.7% during the third 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 last quarter. Finally, Segall Bryant & Hamill LLC boosted its position in Hancock Whitney by 8.8% during the third quarter. Segall Bryant & Hamill LLC now owns 692,387 shares of the company’s stock valued at $35,429,000 after purchasing an additional 55,869 shares during the last quarter. Institutional investors and hedge funds own 81.22% of the company’s stock.

Hancock Whitney Trading Up 0.7 %

Hancock Whitney stock opened at $60.52 on Thursday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.79 and a current ratio of 0.79. The business’s 50-day simple moving average is $57.45 and its 200-day simple moving average is $54.36. The firm has a market capitalization of $5.21 billion, a PE ratio of 11.46 and a beta of 1.27. Hancock Whitney Co. has a 52 week low of $41.19 and a 52 week high of $62.40.

Hancock Whitney (NASDAQ:HWC) last issued its quarterly earnings results on Tuesday, January 21st. The company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarter last year, the business earned $1.26 EPS. Equities research analysts forecast that Hancock Whitney Co. will post 5.39 earnings per share for the current year.

Hancock Whitney Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Wednesday, March 5th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.97%. This is a positive change from Hancock Whitney’s previous quarterly dividend of $0.40. The ex-dividend date is Wednesday, March 5th. Hancock Whitney’s payout ratio is currently 30.30%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on HWC shares. Stephens reaffirmed an “overweight” rating and issued a $74.00 price target (up previously from $68.00) on shares of Hancock Whitney in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods boosted their price target on Hancock Whitney from $60.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. DA Davidson boosted their price target on Hancock Whitney from $62.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. StockNews.com cut Hancock Whitney from a “hold” rating to a “sell” rating in a research report on Thursday, January 23rd. 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 research report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $62.56.

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.