Segall Bryant & Hamill LLC Sells 4,654 Shares of Hancock Whitney Corporation $HWC

Segall Bryant & Hamill LLC cut its position in Hancock Whitney Corporation (NASDAQ:HWC) by 0.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 705,673 shares of the company’s stock after selling 4,654 shares during the period. Segall Bryant & Hamill LLC’s holdings in Hancock Whitney were worth $40,506,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in HWC. The Manufacturers Life Insurance Company grew its stake in shares of Hancock Whitney by 1.7% during the first quarter. The Manufacturers Life Insurance Company now owns 607,177 shares of the company’s stock valued at $31,846,000 after purchasing an additional 10,157 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in Hancock Whitney by 2.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 61,501 shares of the company’s stock worth $3,226,000 after buying an additional 1,360 shares in the last quarter. Cetera Investment Advisers boosted its position in Hancock Whitney by 12.3% in the 1st quarter. Cetera Investment Advisers now owns 46,775 shares of the company’s stock valued at $2,453,000 after buying an additional 5,111 shares during the last quarter. Deutsche Bank AG boosted its position in Hancock Whitney by 60.5% in the 1st quarter. Deutsche Bank AG now owns 391,182 shares of the company’s stock valued at $20,517,000 after buying an additional 147,526 shares during the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of Hancock Whitney in the 2nd quarter valued at $410,000. 81.22% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CFO Michael M. Achary sold 9,894 shares of the firm’s stock in a transaction on Friday, October 17th. The shares were sold at an average price of $54.86, for a total value of $542,784.84. Following the completion of the transaction, the chief financial officer owned 55,733 shares of the company’s stock, valued at approximately $3,057,512.38. This trade represents a 15.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.91% of the company’s stock.

Hancock Whitney Stock Performance

HWC opened at $59.35 on Friday. The company has a market capitalization of $4.96 billion, a price-to-earnings ratio of 10.62 and a beta of 1.18. The business’s 50-day moving average price is $59.60 and its two-hundred day moving average price is $58.89. Hancock Whitney Corporation has a 1 year low of $43.90 and a 1 year high of $64.66. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.79 and a quick ratio of 0.79.

Hancock Whitney (NASDAQ:HWC) last posted its quarterly earnings data on Tuesday, October 14th. The company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.06. Hancock Whitney had a return on equity of 11.29% and a net margin of 23.99%.The business had revenue of $175.56 million during the quarter, compared to the consensus estimate of $391.32 million. During the same period last year, the company earned $1.33 earnings per share. Equities analysts expect that Hancock Whitney Corporation will post 5.53 EPS for the current fiscal year.

Hancock Whitney Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, December 5th will be issued a dividend of $0.45 per share. The ex-dividend date is Friday, December 5th. This represents a $1.80 annualized dividend and a yield of 3.0%. Hancock Whitney’s dividend payout ratio is presently 32.20%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Hancock Whitney in a report on Monday. Keefe, Bruyette & Woods upped their target price on shares of Hancock Whitney from $64.00 to $65.00 and gave the company a “market perform” rating in a research report on Tuesday, November 11th. Citigroup lifted their price target on shares of Hancock Whitney from $70.00 to $74.00 and gave the stock a “buy” rating in a research report on Tuesday, August 26th. Raymond James Financial dropped their price target on shares of Hancock Whitney from $73.00 to $72.00 and set a “strong-buy” rating for the company in a research note on Wednesday, October 15th. Finally, Wall Street Zen cut shares of Hancock Whitney from a “hold” rating to a “sell” rating in a research note on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $70.14.

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.