PNC Financial Services Group Inc. Has $187,000 Stock Position in Hancock Whitney Corporation $HWC

PNC Financial Services Group Inc. increased its holdings in shares of Hancock Whitney Corporation (NASDAQ:HWC) by 9.7% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 3,566 shares of the company’s stock after purchasing an additional 315 shares during the period. PNC Financial Services Group Inc.’s holdings in Hancock Whitney were worth $187,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of HWC. Versant Capital Management Inc raised its position in shares of Hancock Whitney by 554.6% in the first quarter. Versant Capital Management Inc now owns 707 shares of the company’s stock valued at $37,000 after buying an additional 599 shares in the last quarter. UMB Bank n.a. increased its stake in Hancock Whitney by 1,132.1% in the 1st quarter. UMB Bank n.a. now owns 998 shares of the company’s stock valued at $52,000 after buying an additional 917 shares during the last quarter. GeoWealth Management LLC purchased a new stake in Hancock Whitney in the 4th quarter valued at about $65,000. GAMMA Investing LLC increased its stake in shares of Hancock Whitney by 115.3% during the 1st quarter. GAMMA Investing LLC now owns 1,240 shares of the company’s stock worth $65,000 after purchasing an additional 664 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Hancock Whitney in the 4th quarter worth approximately $92,000. Institutional investors own 81.22% of the company’s stock.

Hancock Whitney Trading Down 2.2%

Shares of HWC stock opened at $59.86 on Monday. The company’s 50-day moving average price is $58.44 and its 200-day moving average price is $55.45. Hancock Whitney Corporation has a twelve month low of $43.90 and a twelve month high of $62.90. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.05. The stock has a market cap of $5.07 billion, a price-to-earnings ratio of 11.02 and a beta of 1.11.

Hancock Whitney (NASDAQ:HWC) last released its earnings results on Tuesday, July 15th. The company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.01. Hancock Whitney had a return on equity of 11.21% and a net margin of 23.28%. The company had revenue of $377.98 million during the quarter, compared to analyst estimates of $375.99 million. During the same period in the prior year, the company posted $1.31 earnings per share. As a group, equities analysts predict that Hancock Whitney Corporation will post 5.53 earnings per share for the current year.

Hancock Whitney Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, September 5th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, September 5th. Hancock Whitney’s dividend payout ratio (DPR) is 33.15%.

Wall Street Analyst Weigh In

HWC has been the subject of a number of research analyst reports. Piper Sandler lifted their price objective on shares of Hancock Whitney from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, July 16th. DA Davidson boosted their price target on shares of Hancock Whitney from $65.00 to $67.00 and gave the company a “buy” rating in a research report on Wednesday, July 16th. Hovde Group upped their target price on shares of Hancock Whitney from $65.00 to $72.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 16th. Keefe, Bruyette & Woods cut shares of Hancock Whitney from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from $62.00 to $63.00 in a report on Friday, July 11th. Finally, Raymond James Financial reissued a “strong-buy” rating on shares of Hancock Whitney in a research note on Wednesday, July 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $66.71.

Hancock Whitney Company 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.