Virtus Advisers LLC acquired a new position in shares of Hancock Whitney Corporation (NASDAQ:HWC – Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 9,233 shares of the company’s stock, valued at approximately $690,000.
Several other institutional investors have also modified their holdings of HWC. Torren Management LLC acquired a new position in shares of Hancock Whitney during the 4th quarter worth about $32,000. Hilton Head Capital Partners LLC purchased a new stake in Hancock Whitney during the 4th quarter worth approximately $35,000. Root Financial Partners LLC increased its stake in Hancock Whitney by 70.9% during the 1st quarter. Root Financial Partners LLC now owns 612 shares of the company’s stock worth $39,000 after buying an additional 254 shares in the last quarter. IFP Advisors Inc raised its holdings in shares of Hancock Whitney by 67.6% during the third quarter. IFP Advisors Inc now owns 627 shares of the company’s stock valued at $39,000 after acquiring an additional 253 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. purchased a new position in shares of Hancock Whitney in the fourth quarter valued at approximately $40,000. Institutional investors and hedge funds own 81.22% of the company’s stock.
Hancock Whitney Price Performance
NASDAQ:HWC opened at $75.66 on Friday. Hancock Whitney Corporation has a one year low of $54.05 and a one year high of $80.13. The stock has a market cap of $6.07 billion, a PE ratio of 14.84 and a beta of 0.95. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a 50 day moving average price of $75.64 and a 200 day moving average price of $70.11.
Hancock Whitney Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, September 4th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $2.00 annualized dividend and a dividend yield of 2.6%. Hancock Whitney’s payout ratio is presently 39.22%.
Analysts Set New Price Targets
HWC has been the subject of several recent research reports. Zacks Research downgraded Hancock Whitney from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 29th. Benchmark lifted their target price on shares of Hancock Whitney from $84.00 to $91.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Wall Street Zen raised shares of Hancock Whitney from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. DA Davidson increased their target price on shares of Hancock Whitney from $79.00 to $86.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Hancock Whitney from $78.00 to $80.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $83.78.
View Our Latest Research Report on HWC
Insider Buying and Selling at Hancock Whitney
In related news, CFO Michael M. Achary sold 22,694 shares of the company’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $76.18, for a total value of $1,728,828.92. Following the completion of the sale, the chief financial officer owned 44,160 shares of the company’s stock, valued at approximately $3,364,108.80. This represents a 33.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.92% of the company’s stock.
About Hancock Whitney
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.
Featured Stories
- Five stocks we like better than Hancock Whitney
- 3 Energy Stocks Raising Dividends as the Sector Surges
- 5 Reasons the S&P 500 Could Keep Rallying Through Year-End
- Walmart’s Post-Earnings Drop Could Be a Buying Opportunity
- The Trade Desk’s Earnings Miss Raises a Bigger Question About Its AI Future
Receive News & Ratings for Hancock Whitney Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hancock Whitney and related companies with MarketBeat.com's FREE daily email newsletter.
