Campbell & CO Investment Adviser LLC Buys New Shares in Hancock Whitney Corporation $HWC

Campbell & CO Investment Adviser LLC purchased a new position in Hancock Whitney Corporation (NASDAQ:HWC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 15,645 shares of the company’s stock, valued at approximately $898,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. True Wealth Design LLC lifted its holdings in shares of Hancock Whitney by 929.5% during the 2nd quarter. True Wealth Design LLC now owns 453 shares of the company’s stock worth $26,000 after acquiring an additional 409 shares during the period. Brooklyn Investment Group acquired a new position in Hancock Whitney during the first quarter worth approximately $31,000. Virtus Advisers LLC acquired a new position in Hancock Whitney during the first quarter worth approximately $41,000. Hantz Financial Services Inc. boosted its holdings in shares of Hancock Whitney by 6,107.7% in the 2nd quarter. Hantz Financial Services Inc. now owns 807 shares of the company’s stock valued at $46,000 after purchasing an additional 794 shares during the last quarter. Finally, Amundi purchased a new stake in shares of Hancock Whitney during the 1st quarter valued at $50,000. Hedge funds and other institutional investors own 81.22% of the company’s stock.

Hancock Whitney Price Performance

Shares of NASDAQ HWC opened at $58.81 on Friday. 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 Corporation has a 1-year low of $43.90 and a 1-year high of $64.66. The company has a market capitalization of $4.92 billion, a price-to-earnings ratio of 10.52 and a beta of 1.18. The business has a 50-day moving average of $60.27 and a 200-day moving average of $58.70.

Hancock Whitney (NASDAQ:HWC) last announced its earnings results on Tuesday, October 14th. The company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.43 by $0.06. The business had revenue of $175.56 million for the quarter, compared to the consensus estimate of $391.32 million. Hancock Whitney had a return on equity of 11.29% and a net margin of 23.99%.During the same period last year, the business posted $1.33 EPS. On average, equities analysts anticipate that Hancock Whitney Corporation will post 5.53 EPS for the current fiscal year.

Hancock Whitney Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, December 5th will be paid a $0.45 dividend. The ex-dividend date is Friday, December 5th. This represents a $1.80 annualized dividend and a dividend yield of 3.1%. Hancock Whitney’s dividend payout ratio is 32.20%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on HWC. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Hancock Whitney in a research report on Tuesday. Raymond James Financial cut their price objective on Hancock Whitney from $73.00 to $72.00 and set a “strong-buy” rating on the stock in a report on Wednesday, October 15th. Keefe, Bruyette & Woods lifted their price objective on Hancock Whitney from $64.00 to $65.00 and gave the company a “market perform” rating in a research note on Tuesday. Citigroup boosted their target price on Hancock Whitney from $70.00 to $74.00 and gave the stock a “buy” rating in a report on Tuesday, August 26th. Finally, Wall Street Zen lowered shares of Hancock Whitney from a “hold” rating to a “sell” rating in a report on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Hancock Whitney currently has an average rating of “Buy” and an average target price of $70.14.

Insiders Place Their Bets

In related news, CFO Michael M. Achary sold 9,894 shares of Hancock Whitney stock in a transaction on Friday, October 17th. The shares were sold at an average price of $54.86, for a total transaction of $542,784.84. Following the sale, the chief financial officer owned 55,733 shares of the company’s stock, valued at $3,057,512.38. The trade was a 15.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.91% of the company’s stock.

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.