Hancock Whitney Co. (NASDAQ:HWC – Get 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.
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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