4,405 Shares in Hancock Whitney Corporation $HWC Purchased by EntryPoint Capital LLC

Key Points

• EntryPoint Capital LLC has purchased 4,405 shares of Hancock Whitney Corporation (NASDAQ:HWC), valued at approximately $231,000, marking a new position for the firm in the first quarter.
• Hancock Whitney recently reported quarterly earnings of $1.37 per share, slightly beating the consensus estimate, with revenues of $377.98 million.
• The company declared a quarterly dividend of $0.45 per share, representing a 2.8% yield, with the payment date set for September 15th.

EntryPoint Capital LLC bought a new position in shares of Hancock Whitney Corporation (NASDAQ:HWC - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 4,405 shares of the company's stock, valued at approximately $231,000.

Several other institutional investors have also recently made changes to their positions in HWC. Brooklyn Investment Group bought a new position in Hancock Whitney during the first quarter valued at approximately $31,000. Versant Capital Management Inc boosted its stake in Hancock Whitney by 554.6% during 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 during the last quarter. UMB Bank n.a. boosted its stake in Hancock Whitney by 1,132.1% during the first 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 bought a new position in Hancock Whitney during the fourth quarter valued at approximately $65,000. Finally, GAMMA Investing LLC boosted its stake in Hancock Whitney by 115.3% during the first quarter. GAMMA Investing LLC now owns 1,240 shares of the company's stock valued at $65,000 after buying an additional 664 shares during the last quarter. Hedge funds and other institutional investors own 81.22% of the company's stock.

Hancock Whitney Price Performance

NASDAQ:HWC opened at $63.49 on Friday. The firm has a market capitalization of $5.38 billion, a price-to-earnings ratio of 11.69 and a beta of 1.11. Hancock Whitney Corporation has a 1 year low of $43.90 and a 1 year high of $63.82. The business has a 50 day simple moving average of $59.06 and a 200-day simple moving average of $55.53. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.81 and a quick ratio of 0.81.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $377.98 million during the quarter, compared to analyst estimates of $375.99 million. Hancock Whitney had a return on equity of 11.21% and a net margin of 23.28%.During the same period last year, the company earned $1.31 EPS. Equities analysts forecast 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 will be paid on Monday, September 15th. Investors 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 2.8%. The ex-dividend date of this dividend is Friday, September 5th. Hancock Whitney's dividend payout ratio (DPR) is currently 33.15%.

Analysts Set New Price Targets

A number of brokerages recently commented on HWC. Wall Street Zen lowered Hancock Whitney from a "hold" rating to a "sell" rating in a research note on Monday, August 11th. Piper Sandler increased their price target on Hancock Whitney from $70.00 to $72.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Hovde Group increased their price target on Hancock Whitney from $65.00 to $72.00 and gave the company an "outperform" rating in a research note on Wednesday, July 16th. DA Davidson increased their price target on Hancock Whitney from $65.00 to $67.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Finally, Keefe, Bruyette & Woods lowered Hancock Whitney from an "outperform" rating to a "market perform" rating and increased their price target for the company from $62.00 to $63.00 in a research note on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $66.71.

About Hancock Whitney

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.

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