Hancock Whitney Corporation $HWC Shares Purchased by TD Private Client Wealth LLC

TD Private Client Wealth LLC raised its position in Hancock Whitney Corporation (NASDAQ:HWC) by 11.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 3,805 shares of the company’s stock after acquiring an additional 382 shares during the period. TD Private Client Wealth LLC’s holdings in Hancock Whitney were worth $218,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP increased its holdings in shares of Hancock Whitney by 50.4% in the 1st quarter. Wellington Management Group LLP now owns 3,057,103 shares of the company’s stock valued at $160,345,000 after purchasing an additional 1,024,869 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its holdings in Hancock Whitney by 12.7% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,089,454 shares of the company’s stock valued at $109,592,000 after acquiring an additional 235,363 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Hancock Whitney by 6.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,027,364 shares of the company’s stock valued at $105,139,000 after acquiring an additional 128,860 shares in the last quarter. American Century Companies Inc. increased its holdings in Hancock Whitney by 0.4% during the 1st quarter. American Century Companies Inc. now owns 1,465,661 shares of the company’s stock valued at $76,874,000 after acquiring an additional 6,315 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in Hancock Whitney by 1.1% during the 1st quarter. AQR Capital Management LLC now owns 1,335,997 shares of the company’s stock valued at $69,044,000 after acquiring an additional 14,717 shares in the last quarter. Institutional investors and hedge funds own 81.22% of the company’s stock.

Hancock Whitney Trading Up 0.4%

Shares of HWC stock opened at $63.26 on Monday. The stock has a market cap of $5.36 billion, a price-to-earnings ratio of 11.65 and a beta of 1.13. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.05. Hancock Whitney Corporation has a fifty-two week low of $43.90 and a fifty-two week high of $64.66. The firm’s 50 day moving average price is $61.55 and its two-hundred day moving average price is $56.68.

Hancock Whitney (NASDAQ:HWC) last announced its quarterly earnings results on Tuesday, July 15th. The company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.01. The firm had revenue of $377.98 million for the quarter, compared to analysts’ expectations of $375.99 million. Hancock Whitney had a net margin of 23.28% and a return on equity of 11.21%. During the same period in the previous year, the company posted $1.31 earnings per share. On average, analysts anticipate that Hancock Whitney Corporation will post 5.53 EPS for the current year.

Hancock Whitney Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, September 5th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Friday, September 5th. Hancock Whitney’s payout ratio is 33.15%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on HWC shares. Citigroup raised their target price on shares of Hancock Whitney from $70.00 to $74.00 and gave the company a “buy” rating in a report on Tuesday, August 26th. Wall Street Zen downgraded shares of Hancock Whitney from a “hold” rating to a “sell” rating in a report on Monday, August 11th. DA Davidson raised their target price on shares of Hancock Whitney from $65.00 to $67.00 and gave the company a “buy” rating in a report on Wednesday, July 16th. Piper Sandler raised their target price on shares of Hancock Whitney from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, July 16th. Finally, Hovde Group raised their target price on shares of Hancock Whitney from $65.00 to $72.00 and gave the company an “outperform” rating in a report on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $70.00.

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.