362,810 Shares in Hancock Whitney Corporation $HWC Acquired by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH purchased a new stake in shares of Hancock Whitney Corporation (NASDAQ:HWC) in the first quarter, Holdings Channel.com reports. The fund purchased 362,810 shares of the company’s stock, valued at approximately $23,071,000.

Other institutional investors have also recently bought and sold shares of the company. Torren Management LLC acquired a new position in Hancock Whitney in the fourth quarter worth $32,000. Hilton Head Capital Partners LLC acquired a new stake in shares of Hancock Whitney in the fourth quarter valued at $35,000. IFP Advisors Inc raised its holdings in shares of Hancock Whitney by 67.6% in the third quarter. IFP Advisors Inc now owns 627 shares of the company’s stock valued at $39,000 after buying an additional 253 shares during the last quarter. Eurizon Capital SGR S.p.A. bought a new position in shares of Hancock Whitney in the fourth quarter valued at about $40,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Hancock Whitney in the third quarter valued at about $45,000. Institutional investors own 81.22% of the company’s stock.

Hancock Whitney Trading Up 0.1%

HWC stock opened at $74.49 on Monday. The company has a market cap of $6.05 billion, a P/E ratio of 15.29 and a beta of 0.95. Hancock Whitney Corporation has a twelve month low of $54.05 and a twelve month high of $75.43. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.04. The business has a fifty day moving average of $68.63 and a 200-day moving average of $67.31.

Hancock Whitney (NASDAQ:HWC) last issued its quarterly earnings results on Tuesday, April 21st. The company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.04. The business had revenue of $393.64 million for the quarter, compared to analyst estimates of $400.01 million. Hancock Whitney had a return on equity of 11.20% and a net margin of 21.34%.The firm’s revenue for the quarter was down 19.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.38 earnings per share. As a group, equities research analysts expect that Hancock Whitney Corporation will post 6.47 EPS for the current year.

Hancock Whitney Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, June 5th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Friday, June 5th. Hancock Whitney’s payout ratio is currently 41.07%.

Wall Street Analyst Weigh In

HWC has been the topic of a number of research analyst reports. Benchmark started coverage on shares of Hancock Whitney in a report on Wednesday. They set a “buy” rating and a $84.00 price objective on the stock. DA Davidson boosted their target price on shares of Hancock Whitney from $79.00 to $86.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. Zacks Research downgraded shares of Hancock Whitney from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 23rd. Wall Street Zen lowered shares of Hancock Whitney from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Finally, Piper Sandler increased their price target on shares of Hancock Whitney from $80.00 to $82.00 and gave the company an “overweight” rating in a research note on Monday, May 18th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $79.25.

Insider Transactions at Hancock Whitney

In other Hancock Whitney news, Director Christine L. Pickering sold 417 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $67.16, for a total transaction of $28,005.72. Following the transaction, the director directly owned 25,066 shares in the company, valued at approximately $1,683,432.56. This represents a 1.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.92% of the company’s stock.

Hancock Whitney Profile

Hancock Whitney Corporation (NASDAQ: HWC) is a regional financial services company headquartered in Gulfport, Mississippi. The firm was established in April 2019 through the merger of Hancock Holding Company and Whitney Holding Corporation, each of which traced its roots to the late 19th century. This combination created one of the largest bank holding companies in the Gulf South region, with a network of branches serving both urban and rural communities.

The company’s core business activities include commercial banking, retail banking and wealth management services.