Jackson Creek Investment Advisors LLC Makes New $1.05 Million Investment in Hancock Whitney Co. (NASDAQ:HWC)

Jackson Creek Investment Advisors LLC purchased a new position in shares of Hancock Whitney Co. (NASDAQ:HWC) during the fourth quarter, Holdings Channel.com reports. The firm purchased 21,508 shares of the company’s stock, valued at approximately $1,045,000.

Several other institutional investors and hedge funds have also bought and sold shares of HWC. Commonwealth Equity Services LLC lifted its stake in Hancock Whitney by 5.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 48,198 shares of the company’s stock valued at $1,783,000 after acquiring an additional 2,565 shares in the last quarter. Stratos Wealth Partners LTD. boosted its holdings in Hancock Whitney by 10.7% during the third quarter. Stratos Wealth Partners LTD. now owns 11,853 shares of the company’s stock worth $438,000 after purchasing an additional 1,143 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Hancock Whitney by 12.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,171 shares of the company’s stock worth $561,000 after purchasing an additional 1,672 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Hancock Whitney by 7.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,102,052 shares of the company’s stock valued at $77,755,000 after buying an additional 148,542 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its position in shares of Hancock Whitney by 5.6% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 9,507 shares of the company’s stock worth $352,000 after buying an additional 504 shares in the last quarter. 81.22% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Piper Sandler reaffirmed an “overweight” rating and issued a $52.00 target price (down from $55.00) on shares of Hancock Whitney in a report on Wednesday, April 17th. DA Davidson upped their price objective on Hancock Whitney from $55.00 to $57.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Stephens reiterated an “equal weight” rating and set a $50.00 target price on shares of Hancock Whitney in a research note on Wednesday, April 17th. Jefferies Financial Group reduced their price target on shares of Hancock Whitney from $51.00 to $45.00 and set a “hold” rating for the company in a research report on Monday, April 8th. Finally, StockNews.com lowered shares of Hancock Whitney from a “hold” rating to a “sell” rating in a research report on Sunday, March 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $50.71.

Hancock Whitney Stock Performance

NASDAQ:HWC traded down $1.16 on Tuesday, reaching $45.39. 312,857 shares of the company’s stock were exchanged, compared to its average volume of 509,726. The firm has a market cap of $3.93 billion, a price-to-earnings ratio of 10.85 and a beta of 1.33. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.79 and a quick ratio of 0.79. The stock has a fifty day simple moving average of $43.89 and a 200-day simple moving average of $43.06. Hancock Whitney Co. has a 52 week low of $31.02 and a 52 week high of $49.65.

Hancock Whitney Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Wednesday, June 5th will be issued a $0.40 dividend. This is a positive change from Hancock Whitney’s previous quarterly dividend of $0.30. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date is Wednesday, June 5th. Hancock Whitney’s dividend payout ratio (DPR) is presently 27.97%.

Insider Activity

In other Hancock Whitney news, insider Christopher S. Ziluca sold 3,636 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $43.50, for a total value of $158,166.00. Following the completion of the transaction, the insider now directly owns 35,285 shares of the company’s stock, valued at approximately $1,534,897.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.10% of the company’s stock.

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.