Vanguard Personalized Indexing Management LLC Boosts Stock Position in Hancock Whitney Corporation $HWC

Vanguard Personalized Indexing Management LLC boosted its holdings in Hancock Whitney Corporation (NASDAQ:HWC) by 5.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,518 shares of the company’s stock after buying an additional 673 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Hancock Whitney were worth $776,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Wellington Management Group LLP boosted its stake in Hancock Whitney by 50.4% in the first quarter. Wellington Management Group LLP now owns 3,057,103 shares of the company’s stock valued at $160,345,000 after acquiring an additional 1,024,869 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in Hancock Whitney by 12.7% in the first 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 boosted its stake in Hancock Whitney by 6.8% in the first 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. boosted its stake in Hancock Whitney by 0.4% in the first 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 boosted its stake in Hancock Whitney by 1.1% in the first 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.

Insider Transactions at Hancock Whitney

In related news, CFO Michael M. Achary sold 9,894 shares of the stock in a transaction dated Friday, October 17th. The shares were sold at an average price of $54.86, for a total transaction of $542,784.84. Following the completion of the transaction, the chief financial officer directly owned 55,733 shares of the company’s stock, valued at $3,057,512.38. This represents a 15.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.91% of the stock is owned by corporate insiders.

Hancock Whitney Trading Up 2.4%

NASDAQ HWC opened at $56.57 on Tuesday. The stock has a market capitalization of $4.79 billion, a P/E ratio of 10.12 and a beta of 1.11. Hancock Whitney Corporation has a 52-week low of $43.90 and a 52-week high of $64.66. The firm has a 50-day moving average price of $61.89 and a 200 day moving average price of $57.66. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.05.

Hancock Whitney (NASDAQ:HWC) last posted its quarterly earnings results on Tuesday, October 14th. The company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.06. The firm had revenue of $0.03 million during the quarter, compared to analysts’ expectations of $391.32 million. Hancock Whitney had a net margin of 23.99% and a return on equity of 11.29%. During the same period in the prior year, the company posted $1.33 earnings per share. Equities research analysts expect that Hancock Whitney Corporation will post 5.53 EPS for the current year.

Hancock Whitney Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, September 5th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Friday, September 5th. Hancock Whitney’s dividend payout ratio is currently 32.20%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on HWC. Raymond James Financial decreased their price objective on shares of Hancock Whitney from $73.00 to $72.00 and set a “strong-buy” rating for the company in a research note on Wednesday, October 15th. DA Davidson upped their price objective on shares of Hancock Whitney from $65.00 to $67.00 and gave the company a “buy” rating in a research note on Wednesday, July 16th. Keefe, Bruyette & Woods downgraded shares of Hancock Whitney from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $62.00 to $63.00 in a research note on Friday, July 11th. Piper Sandler increased their target price on shares of Hancock Whitney from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 16th. Finally, Wall Street Zen downgraded shares of Hancock Whitney from a “hold” rating to a “sell” rating in a research note on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $69.86.

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.