12,724 Shares in Hancock Whitney Co. (NASDAQ:HWC) Acquired by Inman Jager Wealth Management LLC

Inman Jager Wealth Management LLC purchased a new position in shares of Hancock Whitney Co. (NASDAQ:HWC) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 12,724 shares of the company’s stock, valued at approximately $696,000.

Several other large investors have also recently bought and sold shares of the company. Stratos Wealth Partners LTD. lifted its holdings in Hancock Whitney by 12.8% during the 4th quarter. Stratos Wealth Partners LTD. now owns 13,831 shares of the company’s stock worth $757,000 after buying an additional 1,570 shares in the last quarter. Trust Point Inc. lifted its holdings in Hancock Whitney by 9.5% during the 4th quarter. Trust Point Inc. now owns 6,578 shares of the company’s stock worth $360,000 after buying an additional 573 shares in the last quarter. Journey Strategic Wealth LLC acquired a new position in Hancock Whitney during the 4th quarter worth $208,000. BTC Capital Management Inc. lifted its holdings in Hancock Whitney by 4.6% during the 4th quarter. BTC Capital Management Inc. now owns 7,121 shares of the company’s stock worth $390,000 after buying an additional 311 shares in the last quarter. Finally, EMC Capital Management lifted its holdings in Hancock Whitney by 9.2% during the 4th quarter. EMC Capital Management now owns 6,019 shares of the company’s stock worth $329,000 after buying an additional 507 shares in the last quarter. Institutional investors and hedge funds own 81.22% of the company’s stock.

Analyst Upgrades and Downgrades

HWC has been the topic of a number of analyst reports. Raymond James reissued a “strong-buy” rating and issued a $72.00 price target (up previously from $64.00) on shares of Hancock Whitney in a research note on Wednesday, January 22nd. StockNews.com downgraded Hancock Whitney from a “hold” rating to a “sell” rating in a research note on Thursday, January 23rd. DA Davidson raised their price objective on Hancock Whitney from $62.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Stephens reaffirmed an “overweight” rating and set a $74.00 price objective (up previously from $68.00) on shares of Hancock Whitney in a research note on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods raised their price objective on Hancock Whitney from $60.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $62.56.

Hancock Whitney Price Performance

HWC stock opened at $60.52 on Thursday. The stock has a 50-day moving average price of $57.45 and a two-hundred day moving average price of $54.36. The stock has a market cap of $5.21 billion, a PE ratio of 11.46 and a beta of 1.27. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.05. Hancock Whitney Co. has a 1 year low of $41.19 and a 1 year high of $62.40.

Hancock Whitney (NASDAQ:HWC) last released its earnings results on Tuesday, January 21st. The company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 in the previous year, the firm posted $1.26 earnings per share. Equities analysts forecast that Hancock Whitney Co. will post 5.39 EPS for the current fiscal year.

Hancock Whitney Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Wednesday, March 5th will be issued a $0.45 dividend. This is a boost from Hancock Whitney’s previous quarterly dividend of $0.40. The ex-dividend date is Wednesday, March 5th. This represents a $1.80 annualized dividend and a dividend yield of 2.97%. Hancock Whitney’s dividend payout ratio (DPR) is presently 30.30%.

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 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.