Mutual of America Capital Management LLC Trims Stock Position in Hancock Whitney Co. (NASDAQ:HWC)

Mutual of America Capital Management LLC decreased its position in Hancock Whitney Co. (NASDAQ:HWC) by 3.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 210,062 shares of the company’s stock after selling 6,561 shares during the period. Mutual of America Capital Management LLC owned 0.24% of Hancock Whitney worth $10,749,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in HWC. AlphaMark Advisors LLC grew its position in Hancock Whitney by 5.7% in the second quarter. AlphaMark Advisors LLC now owns 6,622 shares of the company’s stock worth $317,000 after acquiring an additional 356 shares during the period. Blue Trust Inc. grew its holdings in shares of Hancock Whitney by 19.1% during the 3rd quarter. Blue Trust Inc. now owns 2,971 shares of the company’s stock worth $142,000 after purchasing an additional 476 shares during the period. SG Americas Securities LLC raised its holdings in Hancock Whitney by 5.5% in the 2nd quarter. SG Americas Securities LLC now owns 10,865 shares of the company’s stock valued at $520,000 after buying an additional 568 shares during the period. Trust Point Inc. lifted its position in Hancock Whitney by 10.6% in the third quarter. Trust Point Inc. now owns 6,005 shares of the company’s stock valued at $307,000 after buying an additional 577 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Hancock Whitney by 3.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,147 shares of the company’s stock worth $868,000 after buying an additional 618 shares during the period. Hedge funds and other institutional investors own 81.22% of the company’s stock.

Insiders Place Their Bets

In other Hancock Whitney news, CEO John M. Hairston sold 18,000 shares of Hancock Whitney stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $59.44, for a total transaction of $1,069,920.00. Following the completion of the sale, the chief executive officer now directly owns 254,026 shares of the company’s stock, valued at $15,099,305.44. The trade was a 6.62 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Carleton Richard Wilkins sold 800 shares of the company’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $50.95, for a total value of $40,760.00. Following the transaction, the director now directly owns 15,900 shares of the company’s stock, valued at approximately $810,105. This represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,994 shares of company stock worth $1,593,710 in the last 90 days. Corporate insiders own 1.10% of the company’s stock.

Hancock Whitney Stock Performance

Shares of HWC stock opened at $58.45 on Monday. Hancock Whitney Co. has a 52 week low of $39.38 and a 52 week high of $61.41. The firm has a 50 day moving average of $52.52 and a two-hundred day moving average of $50.16. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $5.03 billion, a PE ratio of 13.11 and a beta of 1.25.

Hancock Whitney (NASDAQ:HWC) last released its earnings results on Tuesday, October 15th. The company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.31 by $0.02. The firm had revenue of $525.37 million during the quarter, compared to analysts’ expectations of $363.54 million. Hancock Whitney had a return on equity of 11.47% and a net margin of 19.30%. During the same period in the previous year, the firm posted $1.12 EPS. On average, research analysts predict that Hancock Whitney Co. will post 5.2 EPS for the current fiscal year.

Hancock Whitney Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Thursday, December 5th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $1.60 dividend on an annualized basis and a yield of 2.74%. Hancock Whitney’s dividend payout ratio is currently 35.87%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HWC. DA Davidson boosted their price target on shares of Hancock Whitney from $62.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Truist Financial decreased their price target on Hancock Whitney from $57.00 to $56.00 and set a “hold” rating on the stock in a research note on Friday, September 20th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $56.89.

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.