Hancock Whitney Co. (NASDAQ:HWC) Plans Quarterly Dividend of $0.27

Hancock Whitney Co. (NASDAQ:HWCGet Rating) declared a quarterly dividend on Thursday, April 28th, Zacks reports. Investors of record on Monday, June 6th will be given a dividend of 0.27 per share on Wednesday, June 15th. This represents a $1.08 annualized dividend and a yield of 2.31%. The ex-dividend date is Friday, June 3rd.

Hancock Whitney has raised its dividend by an average of 1.9% annually over the last three years. Hancock Whitney has a dividend payout ratio of 18.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Hancock Whitney to earn $5.71 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 18.9%.

HWC opened at $46.77 on Friday. The stock’s 50 day simple moving average is $51.85 and its 200 day simple moving average is $51.65. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.75 and a quick ratio of 0.75. Hancock Whitney has a 1 year low of $39.07 and a 1 year high of $59.82. The firm has a market cap of $4.05 billion, a price-to-earnings ratio of 8.65 and a beta of 1.44.

Hancock Whitney (NASDAQ:HWCGet Rating) last posted its quarterly earnings results on Tuesday, April 19th. The company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.09. Hancock Whitney had a return on equity of 14.18% and a net margin of 36.08%. During the same quarter last year, the business posted $1.21 EPS. As a group, sell-side analysts anticipate that Hancock Whitney will post 5.61 EPS for the current year.

Several large investors have recently added to or reduced their stakes in HWC. Millennium Management LLC boosted its stake in Hancock Whitney by 83.7% in the 4th quarter. Millennium Management LLC now owns 433,474 shares of the company’s stock worth $21,682,000 after purchasing an additional 197,478 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in Hancock Whitney by 4.2% in the 4th quarter. Parametric Portfolio Associates LLC now owns 370,842 shares of the company’s stock worth $18,550,000 after purchasing an additional 15,118 shares in the last quarter. Sei Investments Co. boosted its stake in Hancock Whitney by 26.5% in the 4th quarter. Sei Investments Co. now owns 301,187 shares of the company’s stock worth $15,065,000 after purchasing an additional 63,015 shares in the last quarter. Barclays PLC boosted its stake in Hancock Whitney by 59.8% in the 4th quarter. Barclays PLC now owns 207,914 shares of the company’s stock worth $10,399,000 after purchasing an additional 77,774 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in Hancock Whitney by 1.2% in the 4th quarter. Deutsche Bank AG now owns 182,235 shares of the company’s stock worth $9,115,000 after purchasing an additional 2,144 shares in the last quarter. 78.26% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently weighed in on HWC shares. Zacks Investment Research lowered Hancock Whitney from a “buy” rating to a “hold” rating and set a $58.00 price objective on the stock. in a research report on Wednesday, March 30th. Raymond James lifted their price objective on Hancock Whitney from $60.00 to $65.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, January 19th. StockNews.com lowered Hancock Whitney from a “buy” rating to a “hold” rating in a research report on Friday, April 22nd. Stephens cut their price objective on Hancock Whitney from $59.00 to $58.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 20th. Finally, Truist Financial cut their price objective on Hancock Whitney from $70.00 to $65.00 in a research report on Monday, March 28th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Hancock Whitney currently has an average rating of “Buy” and a consensus target price of $60.20.

Hancock Whitney Company Profile (Get Rating)

Hancock Whitney Corporation operates as the bank holding company for Hancock Whitney Bank that provides a range of banking products and services to commercial, small business, and retail customers. It accepts various deposit products, such as noninterest-bearing demand deposits, interest-bearing transaction accounts, savings accounts, money market deposit accounts, and time deposit accounts.

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Dividend History for Hancock Whitney (NASDAQ:HWC)

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